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Released October 23, 2023 | SUGAR LAND
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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 last week added oil and natural gas rigs for a second week in a row for the first time since mid-September, energy services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) said. The oil and gas rig count rose two to 624 in the week ending October 20. U.S. oil rigs rose by one to 502 last week, while gas rigs also gained one to 118. (Reuters)
PIPELINES
FERC Approves TC Energy's GTN Xpress Gas Pipeline Expansion Project - The U.S. Federal Energy Regulatory Commission (FERC) on Thursday granted permission for the GTN XPress Project, enabling TC Energy Corporation's (NYSE:TRP) (Calgary, Alberta) Gas Transmission Northwest LLC (GTN) to add an extra 150,000 dekatherms per day of firm natural gas transportation service to its mainline system. The order authorizes GTN to install, construct, modify and operate certain natural gas compression facilities at the existing No. 5 Athol, No. 7 Starbuck and No. 10 Kent Compressor Stations, located in Idaho, Washington and Oregon, respectively, the agency said. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pipelines Project Database can click here for related reports. (Reuters)
EARNINGS REPORTS
SLB Boosts Quarterly Net Income - Oilfield services company SLB (NYSE:SLB) (Houston, Texas) reported third-quarter 2023 net income of $1.12 billion, compared with $907 million in the year-ago quarter. (SLB)
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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
U.S. Drillers Add Rigs - U.S. energy firms last week added oil and natural gas rigs for a second week in a row for the first time since mid-September, energy services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) said. The oil and gas rig count rose two to 624 in the week ending October 20. U.S. oil rigs rose by one to 502 last week, while gas rigs also gained one to 118. (Reuters)
PIPELINES
FERC Approves TC Energy's GTN Xpress Gas Pipeline Expansion Project - The U.S. Federal Energy Regulatory Commission (FERC) on Thursday granted permission for the GTN XPress Project, enabling TC Energy Corporation's (NYSE:TRP) (Calgary, Alberta) Gas Transmission Northwest LLC (GTN) to add an extra 150,000 dekatherms per day of firm natural gas transportation service to its mainline system. The order authorizes GTN to install, construct, modify and operate certain natural gas compression facilities at the existing No. 5 Athol, No. 7 Starbuck and No. 10 Kent Compressor Stations, located in Idaho, Washington and Oregon, respectively, the agency said. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pipelines Project Database can click here for related reports. (Reuters)
EARNINGS REPORTS
SLB Boosts Quarterly Net Income - Oilfield services company SLB (NYSE:SLB) (Houston, Texas) reported third-quarter 2023 net income of $1.12 billion, compared with $907 million in the year-ago quarter. (SLB)
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).
