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Released July 05, 2016 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PRODUCUTION
U.S. Oil Drillers Add Rigs - Baker Hughes reports that the number of U.S. rigs drilling for oil increased by 11 for the week ending July 1, to 341. This compares with 640 rigs a year ago.
LNG
BP to Move Ahead with Indonesia LNG Expansion - BP plc (NYSE:BP) (London, England) says that it will move ahead with the addition of a third train at its Tangguh liquefied natural gas (LNG) plant in Indonesia.
Brexit Might Open a New Market Opportunity for U.S. LNG - Leaving the EU has innumerable repercussions for the U.K., including the loss of tariff-free trade with the other member countries. While the U.K. has considerable hydrocarbon resources in the North Sea, it still imports a large portion of its energy, especially in the form of natural gas.
Chevron Suspends Gorgon LNG Production - On Friday, Chevron Corporation (NYSE:CVX) (San Ramon, California) suspended production from its Gorgon LNG plant in Western Australia because of a gas leak.
POWER
No Shortage of Capital for Electric Transmission Projects that Secure Permits - Developers plan to invest an enormous amount of money in electric transmission projects in the U.S. and Canada over the next few years, but the availability of capital will not be a limiting factor in building new projects, speakers told the Fifth Annual TransForum West conference in Denver.
Siemens' 10 Top-Valued Projects Include Heavyweight Finnish Nuclear, Egyptian NGCC Plants - Siemens AG (Munich, Germany) has been shifting its focus to energy generation and distribution, and has seen significant global order growth in a majority of industrial businesses so far this year. The engineering juggernaut's global Industrial Business order backlog hit a record 115 billion euros ($127.52 billion) at the end of the first quarter.
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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 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, five offices in North America and 10 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/.
PRODUCUTION
U.S. Oil Drillers Add Rigs - Baker Hughes reports that the number of U.S. rigs drilling for oil increased by 11 for the week ending July 1, to 341. This compares with 640 rigs a year ago.
LNG
BP to Move Ahead with Indonesia LNG Expansion - BP plc (NYSE:BP) (London, England) says that it will move ahead with the addition of a third train at its Tangguh liquefied natural gas (LNG) plant in Indonesia.
Brexit Might Open a New Market Opportunity for U.S. LNG - Leaving the EU has innumerable repercussions for the U.K., including the loss of tariff-free trade with the other member countries. While the U.K. has considerable hydrocarbon resources in the North Sea, it still imports a large portion of its energy, especially in the form of natural gas.
Chevron Suspends Gorgon LNG Production - On Friday, Chevron Corporation (NYSE:CVX) (San Ramon, California) suspended production from its Gorgon LNG plant in Western Australia because of a gas leak.
POWER
No Shortage of Capital for Electric Transmission Projects that Secure Permits - Developers plan to invest an enormous amount of money in electric transmission projects in the U.S. and Canada over the next few years, but the availability of capital will not be a limiting factor in building new projects, speakers told the Fifth Annual TransForum West conference in Denver.
Siemens' 10 Top-Valued Projects Include Heavyweight Finnish Nuclear, Egyptian NGCC Plants - Siemens AG (Munich, Germany) has been shifting its focus to energy generation and distribution, and has seen significant global order growth in a majority of industrial businesses so far this year. The engineering juggernaut's global Industrial Business order backlog hit a record 115 billion euros ($127.52 billion) at the end of the first quarter.
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, five offices in North America and 10 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/.
