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Released November 15, 2023 | 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 Resumes Oil Pipeline Expansion Work on Halted British Columbia Portion - The Trans Mountain oil pipeline expansion project on Tuesday said it had been allowed to resume work in a wetland area near Abbotsford, British Columbia, after correcting issues raised by the Canada Energy Regulator (CER). Earlier this month, the CER ordered a halt on an 800-meter stretch after inspectors found several environmental and safety-related non-compliances. "Trans Mountain has received a notice to resume work from the Canada Energy Regulator ... Trans Mountain corrected all non-compliances in the region and is conducting safety inspections of all active sites to prevent any re-occurrence," it said in an emailed statement. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pipelines Project Database can click here for related project reports. (Reuters)
PRODUCTION
ExxonMobil Begins Oil Production at Third Guyana Project - Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) has started production at a third offshore oil development project in Guyana, the company said on Tuesday, bringing the total capacity in the South American country to about 620,000 barrels per day (BBL/d). The company is using a vessel named Prosperity to produce oil from the Payara project, which is expected to add 220,000 BBL/d of production. (Reuters)
NATURAL GAS
U.S. Natural Gas Drops Nearly 3% on Strong Output - U.S. natural gas futures fell about 3% on Tuesday on expectations that record output should allow utilities to keep injecting gas into storage through at least late November. Utilities usually start pulling gas out of storage to meet heating demand in mid-November. Front-month gas futures for December delivery on the New York Mercantile Exchange fell 9.1 cents, or 2.8%, to settle at $3.106 per million British thermal units. (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 Resumes Oil Pipeline Expansion Work on Halted British Columbia Portion - The Trans Mountain oil pipeline expansion project on Tuesday said it had been allowed to resume work in a wetland area near Abbotsford, British Columbia, after correcting issues raised by the Canada Energy Regulator (CER). Earlier this month, the CER ordered a halt on an 800-meter stretch after inspectors found several environmental and safety-related non-compliances. "Trans Mountain has received a notice to resume work from the Canada Energy Regulator ... Trans Mountain corrected all non-compliances in the region and is conducting safety inspections of all active sites to prevent any re-occurrence," it said in an emailed statement. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pipelines Project Database can click here for related project reports. (Reuters)
PRODUCTION
ExxonMobil Begins Oil Production at Third Guyana Project - Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) has started production at a third offshore oil development project in Guyana, the company said on Tuesday, bringing the total capacity in the South American country to about 620,000 barrels per day (BBL/d). The company is using a vessel named Prosperity to produce oil from the Payara project, which is expected to add 220,000 BBL/d of production. (Reuters)
NATURAL GAS
U.S. Natural Gas Drops Nearly 3% on Strong Output - U.S. natural gas futures fell about 3% on Tuesday on expectations that record output should allow utilities to keep injecting gas into storage through at least late November. Utilities usually start pulling gas out of storage to meet heating demand in mid-November. Front-month gas futures for December delivery on the New York Mercantile Exchange fell 9.1 cents, or 2.8%, to settle at $3.106 per million British thermal units. (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).
