Reports related to this article:
Project(s): View 1 related project in PECWeb
Plant(s): View 1 related plant in PECWeb
Released August 30, 2021 | SUGAR LAND
en
Energy Market highlights gathered by Industrial Info and IIR Energy
LNG
TotalEnergies' Mozambique LNG Project Could be Back on Track in 18 Months - TotalEnergies' (NYSE:TTE) (Paris, France) liquefied natural gas (LNG) project in Mozambique could be back on track within the next 18 months after African armies deployed to help quell an insurgency, the president of the African Development Bank said on Friday. The French energy giant declared force majeure on the $20 billion project in April after Islamic State-linked fighters overran the town of Palma, on the doorstep of its facilities. It estimated at the time the disruption would delay development by at least a year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Project Database can click here for the project report. (Reuters)
PRODUCTION
U.S. Drillers Add Rigs - U.S. energy firms last week added oil and natural gas rigs for a fourth week, resulting in the 13th monthly increase in a row. The combined oil and gas rig count rose five in the week ending August 27 to 508, its highest since April 2020, energy services firm Baker Hughes Company (NYSE:BKR) (Houston, Texas) said. U.S. oil rigs rose five to 410, their highest since April 2020, while gas rigs were unchanged at 97. (Reuters)
CRUDE OIL
Oil Posts Biggest Weekly Gains in More than a Year Ahead of Hurricane Ida - Oil prices rose 2% on Friday, posting their biggest weekly gains in over a year, as energy firms began shutting U.S. production in the Gulf of Mexico ahead Hurricane Ida, expected to hit early this week. Brent futures rose $1.63, or 2.3%, to settle at $72.70 a barrel, while U.S. West Texas Intermediate (WTI) crude oil rose $1.32, or 2.0%, to settle at $68.74. (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), with global headquarters in Sugar Land, Texas, six offices in North America and 12 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.
LNG
TotalEnergies' Mozambique LNG Project Could be Back on Track in 18 Months - TotalEnergies' (NYSE:TTE) (Paris, France) liquefied natural gas (LNG) project in Mozambique could be back on track within the next 18 months after African armies deployed to help quell an insurgency, the president of the African Development Bank said on Friday. The French energy giant declared force majeure on the $20 billion project in April after Islamic State-linked fighters overran the town of Palma, on the doorstep of its facilities. It estimated at the time the disruption would delay development by at least a year. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Production Project Database can click here for the project report. (Reuters)
PRODUCTION
U.S. Drillers Add Rigs - U.S. energy firms last week added oil and natural gas rigs for a fourth week, resulting in the 13th monthly increase in a row. The combined oil and gas rig count rose five in the week ending August 27 to 508, its highest since April 2020, energy services firm Baker Hughes Company (NYSE:BKR) (Houston, Texas) said. U.S. oil rigs rose five to 410, their highest since April 2020, while gas rigs were unchanged at 97. (Reuters)
CRUDE OIL
Oil Posts Biggest Weekly Gains in More than a Year Ahead of Hurricane Ida - Oil prices rose 2% on Friday, posting their biggest weekly gains in over a year, as energy firms began shutting U.S. production in the Gulf of Mexico ahead Hurricane Ida, expected to hit early this week. Brent futures rose $1.63, or 2.3%, to settle at $72.70 a barrel, while U.S. West Texas Intermediate (WTI) crude oil rose $1.32, or 2.0%, to settle at $68.74. (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), with global headquarters in Sugar Land, Texas, six offices in North America and 12 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.
