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Released September 27, 2022 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
PRODUCTION
BP Halts Production at Two Platforms Ahead of Hurricane Ian - BP (NYSE:BP) (London, England) on Monday said it is shutting in production at offshore oil platforms Na Kika and Thunder Horse in the U.S. Gulf of Mexico, after forecasts indicating Hurricane Ian will strengthen and move across the Gulf of Mexico in the next few days. BP said it has evacuated all personnel from its 130,000-barrel-per-day (BBL/d) Na Kika, as well as essential personnel from its 250,000-BBLd Thunder Horse platform. The platforms have a capacity to produce 550 million cubic feet per day and 200 million feet per day of natural gas, respectively. (Reuters)
TotalEnergies Signs Deal with Qatar for North Field South Expansion - TotalEnergies SE (NYSE:TTE) (Courbevoie, France) will invest about $1.5 billion in the planned expansion of Qatar's liquefied natural gas (LNG) capacity, the French energy major said on Saturday, a project that promises to ramp up gas supplies to energy-hungry European markets. Qatar's North Field South (NFS) expansion project will boost its position as the world's top LNG exporter and help guarantee long-term supplies of gas to Europe as the continent seeks alternatives to Russian flows. TotalEnergies would have a 9.375% stake out of a 25% stake in NFS dedicated for international partners. QatarEnergy will hold 75% of NFS. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database can click here for related reports. (Reuters)
PIPELINES
Nord Stream 2 Leaks Gas into Baltic Sea - The Danish authorities on Monday asked ships to steer clear of a five-nautical-mile radius off the island of Bornholm after a gas leak overnight from the defunct Russian-owned Nord Stream 2 pipeline drained into the Baltic Sea. Nord Stream 2's operator said pressure in the pipeline, which had contained some gas sealed inside despite never becoming operational, dropped from 105 to 7 bars overnight. The pipeline, which was intended to double the volume of gas flowing from St. Petersburg under the Baltic Sea to Germany, had just been completed and filled with 300 million cubic meters of gas when Germany cancelled it days before Russia's invasion of Ukraine. (Reuters)
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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 commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
PRODUCTION
BP Halts Production at Two Platforms Ahead of Hurricane Ian - BP (NYSE:BP) (London, England) on Monday said it is shutting in production at offshore oil platforms Na Kika and Thunder Horse in the U.S. Gulf of Mexico, after forecasts indicating Hurricane Ian will strengthen and move across the Gulf of Mexico in the next few days. BP said it has evacuated all personnel from its 130,000-barrel-per-day (BBL/d) Na Kika, as well as essential personnel from its 250,000-BBLd Thunder Horse platform. The platforms have a capacity to produce 550 million cubic feet per day and 200 million feet per day of natural gas, respectively. (Reuters)
TotalEnergies Signs Deal with Qatar for North Field South Expansion - TotalEnergies SE (NYSE:TTE) (Courbevoie, France) will invest about $1.5 billion in the planned expansion of Qatar's liquefied natural gas (LNG) capacity, the French energy major said on Saturday, a project that promises to ramp up gas supplies to energy-hungry European markets. Qatar's North Field South (NFS) expansion project will boost its position as the world's top LNG exporter and help guarantee long-term supplies of gas to Europe as the continent seeks alternatives to Russian flows. TotalEnergies would have a 9.375% stake out of a 25% stake in NFS dedicated for international partners. QatarEnergy will hold 75% of NFS. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database can click here for related reports. (Reuters)
PIPELINES
Nord Stream 2 Leaks Gas into Baltic Sea - The Danish authorities on Monday asked ships to steer clear of a five-nautical-mile radius off the island of Bornholm after a gas leak overnight from the defunct Russian-owned Nord Stream 2 pipeline drained into the Baltic Sea. Nord Stream 2's operator said pressure in the pipeline, which had contained some gas sealed inside despite never becoming operational, dropped from 105 to 7 bars overnight. The pipeline, which was intended to double the volume of gas flowing from St. Petersburg under the Baltic Sea to Germany, had just been completed and filled with 300 million cubic meters of gas when Germany cancelled it days before Russia's invasion of Ukraine. (Reuters)
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 commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
