Released September 29, 2022 | SUGAR LAND
en
Energy Market highlights gathered by Industrial Info and IIR Energy
PIPELINES
EU Vows to Protect Energy Network After 'Sabotage' of Russian Gas Pipeline - The European Union (EU) on Wednesday promised a "robust" response to any intentional disruption of its energy infrastructure after saying it suspected sabotage was behind gas leaks discovered this week on subsea Russian pipelines to Europe. As gas spewed out under the Baltic Sea for a third day after first being detected, it remained far from clear who might be responsible for any sabotage of the Nord Stream pipelines that Russia and European partners spent billions of dollars building. "Any deliberate disruption of European energy infrastructure is utterly unacceptable and will be met with a robust and united response," the EU foreign policy chief Josep Borrell said. The United Nations Security Council will convene on Friday at the request of Russia to discuss damage to the Nord Stream pipelines, the French U.N. mission said. (Reuters)
CORPORATE
TotalEnergies Plans to Spin Off Canadian Oil Sands Assets - TotalEnergies SE (NYSE:TTE) (Courbevoie, France) said on Wednesday it is looking to spin off its Canadian oil sands operations and list them on the Toronto Stock Exchange, as the assets do not fit with the French oil major's low-emissions strategy. At an investor presentation in New York, TotalEnergies said the proposal would be subject to a shareholder vote at its next annual general meeting in May 2023. (Reuters)
CRUDE OIL
U.S. Crude Oil, Fuel Stocks Decline - U.S. crude oil inventories fell by 215,000 barrels in the week ending September 23 to 430.6 million barrels. U.S. gasoline stocks fell by 2.4 million barrels in the week to 212.2 million barrels. Distillate stockpiles fell by 2.9 million barrels. (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).
PIPELINES
EU Vows to Protect Energy Network After 'Sabotage' of Russian Gas Pipeline - The European Union (EU) on Wednesday promised a "robust" response to any intentional disruption of its energy infrastructure after saying it suspected sabotage was behind gas leaks discovered this week on subsea Russian pipelines to Europe. As gas spewed out under the Baltic Sea for a third day after first being detected, it remained far from clear who might be responsible for any sabotage of the Nord Stream pipelines that Russia and European partners spent billions of dollars building. "Any deliberate disruption of European energy infrastructure is utterly unacceptable and will be met with a robust and united response," the EU foreign policy chief Josep Borrell said. The United Nations Security Council will convene on Friday at the request of Russia to discuss damage to the Nord Stream pipelines, the French U.N. mission said. (Reuters)
CORPORATE
TotalEnergies Plans to Spin Off Canadian Oil Sands Assets - TotalEnergies SE (NYSE:TTE) (Courbevoie, France) said on Wednesday it is looking to spin off its Canadian oil sands operations and list them on the Toronto Stock Exchange, as the assets do not fit with the French oil major's low-emissions strategy. At an investor presentation in New York, TotalEnergies said the proposal would be subject to a shareholder vote at its next annual general meeting in May 2023. (Reuters)
CRUDE OIL
U.S. Crude Oil, Fuel Stocks Decline - U.S. crude oil inventories fell by 215,000 barrels in the week ending September 23 to 430.6 million barrels. U.S. gasoline stocks fell by 2.4 million barrels in the week to 212.2 million barrels. Distillate stockpiles fell by 2.9 million barrels. (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).
