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Released February 17, 2025 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
LNG
Trump Administration Grants First LNG Approval Since Biden Pause - U.S. President Donald Trump's administration said on Friday it has granted a liquefied natural gas (LNG) export license to Commonwealth LNG's (Houston, Texas) project in Louisiana, the first approval of LNG exports after former President Joe Biden paused them early last year. The exports are approved to go to markets in Asia and Europe. Commonwealth LNG, which has waited longer than any other company for its permit, wants to build a 9.5 million-metric-ton-per-annum export plant in Louisiana to sell to countries that do not have a free trade agreement with the U.S. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can learn more by viewing the project report. (Reuters)
PRODUCTION
U.S. Drillers Add Rigs for Third Week - U.S. energy firms last week added oil and natural gas rigs for a third week in a row for the first time since December 2023, energy services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) said. The oil and gas rig count rose by two to 588 in the week ending February 14. Baker Hughes said oil rigs rose by one to 481 last week, while gas rigs gained one to 101. (Reuters)
POWER
Invenergy Starts Up Texas Solar Farm - U.S. clean energy developer Invenergy LLC (Chicago, Illinois) said on Thursday that a 300-megawatt solar farm, called Delilah I, in Red River County, Texas, has started commercial operation. The solar farm has power purchase agreements with two automakers for all of its power output. Subscribers to Industrial Info's Power Project Database can learn more by viewing the project report. (Renewables Now)
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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).
LNG
Trump Administration Grants First LNG Approval Since Biden Pause - U.S. President Donald Trump's administration said on Friday it has granted a liquefied natural gas (LNG) export license to Commonwealth LNG's (Houston, Texas) project in Louisiana, the first approval of LNG exports after former President Joe Biden paused them early last year. The exports are approved to go to markets in Asia and Europe. Commonwealth LNG, which has waited longer than any other company for its permit, wants to build a 9.5 million-metric-ton-per-annum export plant in Louisiana to sell to countries that do not have a free trade agreement with the U.S. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can learn more by viewing the project report. (Reuters)
PRODUCTION
U.S. Drillers Add Rigs for Third Week - U.S. energy firms last week added oil and natural gas rigs for a third week in a row for the first time since December 2023, energy services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) said. The oil and gas rig count rose by two to 588 in the week ending February 14. Baker Hughes said oil rigs rose by one to 481 last week, while gas rigs gained one to 101. (Reuters)
POWER
Invenergy Starts Up Texas Solar Farm - U.S. clean energy developer Invenergy LLC (Chicago, Illinois) said on Thursday that a 300-megawatt solar farm, called Delilah I, in Red River County, Texas, has started commercial operation. The solar farm has power purchase agreements with two automakers for all of its power output. Subscribers to Industrial Info's Power Project Database can learn more by viewing the project report. (Renewables Now)
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).
