Released April 02, 2021 | SUGAR LAND
en
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PRODUCTION
U.S. Drillers Add Rigs - U.S. energy firms added the most number of oil rigs in a week since January 2020 as higher oil prices in recent months have prompted drillers to return to the wellpad. The combined oil and gas rig count rose 13 to 430 in the week ending April 1, its highest since April 2020. U.S. oil rigs rose by 13, the biggest weekly increase since January 2020, to 337, their highest since April 2020. Natural gas rigs fell one to 91. (Reuters)
EARNINGS
ExxonMobil Signals Better First-Quarter Results - Exxon Mobil Corporation (NYSE:XOM) expects rising first-quarter results across its three major businesses, with an at-least $2 billion improvement from prices for oil and gas driving profits, the company signaled in a securities filing on Wednesday. The filing, detailing factors that affected the business, showed higher oil prices sequentially lift its oil and gas operating results by between $1.6 billion and $2 billion over the fourth quarter. Natural gas pricing added another up to $700 million to operating profit, it indicated. (Reuters)
CORPORATE
NextEra Completes Acquisition of Power Transmission Company - NextEra Energy Transmission LLC, a subsidiary of NextEra Energy Incorporated (NYSE:NEE), announced it has completed the previously announced acquisition of GridLiance Holdco LP and GridLiance GP LLC from affiliates of Blackstone for approximately $660 million. (PR Newswire)
.....
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
PRODUCTION
U.S. Drillers Add Rigs - U.S. energy firms added the most number of oil rigs in a week since January 2020 as higher oil prices in recent months have prompted drillers to return to the wellpad. The combined oil and gas rig count rose 13 to 430 in the week ending April 1, its highest since April 2020. U.S. oil rigs rose by 13, the biggest weekly increase since January 2020, to 337, their highest since April 2020. Natural gas rigs fell one to 91. (Reuters)
EARNINGS
ExxonMobil Signals Better First-Quarter Results - Exxon Mobil Corporation (NYSE:XOM) expects rising first-quarter results across its three major businesses, with an at-least $2 billion improvement from prices for oil and gas driving profits, the company signaled in a securities filing on Wednesday. The filing, detailing factors that affected the business, showed higher oil prices sequentially lift its oil and gas operating results by between $1.6 billion and $2 billion over the fourth quarter. Natural gas pricing added another up to $700 million to operating profit, it indicated. (Reuters)
CORPORATE
NextEra Completes Acquisition of Power Transmission Company - NextEra Energy Transmission LLC, a subsidiary of NextEra Energy Incorporated (NYSE:NEE), announced it has completed the previously announced acquisition of GridLiance Holdco LP and GridLiance GP LLC from affiliates of Blackstone for approximately $660 million. (PR Newswire)
About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
