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Released April 03, 2024 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PIPELINES
Trans Mountain to Finish Final Expansion Segment in April - Trans Mountain will finish building the final segment of its oil pipeline expansion in Canada in April, according to a construction schedule the corporation filed on Monday with a regulator. The government-owned pipeline expansion will nearly triple the flow of crude oil from Alberta to Canada's Pacific Coast to 890,000 barrels per day (BBL/d), but has been plagued by years of delays, construction problems and cost overruns. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pipelines Project Database can click here for related reports. (Reuters)
CRUDE OIL
Venezuelan Oil Exports Hit Four-Year Peak - Venezuela's oil exports in March rose to the highest level since early 2020 as customers rushed to complete purchases ahead of the likely expiration of a temporary U.S. license that has allowed the country to freely sell its crude oil, according to LSEG shipping data and documents. A total of 52 ships departed from Venezuela's ports last month carrying an average of 884,935 BBL/d of crude oil and refined products, and 463,000 metric tons of oil byproducts and petrochemicals, according to the data and documents and state-owned PDVSA (Caracas, Venezuela). (Reuters)
POWER
France Boosts Nuclear Output to Three-Year Highs in First Quarter - France's power generators boosted nuclear output during the first quarter of 2024 to the highest level for that period since 2021. Utilities produced slightly more than 4 million kilowatt-hours of electricity from nuclear plants in the first three months of 2024, up 13.4% from the same period in 2023, according to data compiled by LSEG. (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
Trans Mountain to Finish Final Expansion Segment in April - Trans Mountain will finish building the final segment of its oil pipeline expansion in Canada in April, according to a construction schedule the corporation filed on Monday with a regulator. The government-owned pipeline expansion will nearly triple the flow of crude oil from Alberta to Canada's Pacific Coast to 890,000 barrels per day (BBL/d), but has been plagued by years of delays, construction problems and cost overruns. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pipelines Project Database can click here for related reports. (Reuters)
CRUDE OIL
Venezuelan Oil Exports Hit Four-Year Peak - Venezuela's oil exports in March rose to the highest level since early 2020 as customers rushed to complete purchases ahead of the likely expiration of a temporary U.S. license that has allowed the country to freely sell its crude oil, according to LSEG shipping data and documents. A total of 52 ships departed from Venezuela's ports last month carrying an average of 884,935 BBL/d of crude oil and refined products, and 463,000 metric tons of oil byproducts and petrochemicals, according to the data and documents and state-owned PDVSA (Caracas, Venezuela). (Reuters)
POWER
France Boosts Nuclear Output to Three-Year Highs in First Quarter - France's power generators boosted nuclear output during the first quarter of 2024 to the highest level for that period since 2021. Utilities produced slightly more than 4 million kilowatt-hours of electricity from nuclear plants in the first three months of 2024, up 13.4% from the same period in 2023, according to data compiled by LSEG. (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).
