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Released May 09, 2025 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
NGLs
U.S. Exports of NGLs Hits Hit Record High in April - U.S. exports of natural gas liquids (NGLs) touched a record high in April, even as a trade war between the U.S. and China cut shipments to the top buyer, ship tracking data showed. The U.S. exported about 2.9 million barrels per day (BBL/d) of NGLs in April, a record high, data from ship tracking firms Kpler and Vortexa showed. Exports to China fell 35% to 619,000 BBL/d in the month, Kpler data showed, the lowest since November 2023. Other countries increased their purchases of U.S. NGLs in the global rerouting, making up for the U.S.'s loss of Chinese buying. India more than tripled its purchase to a record high of 179,000 BBL/d, Kpler data showed. Brazil more than doubled its purchases to 113,000 BBL/d, the highest in five years, while Japan, the second largest buyer of U.S. NGLs, stepped up shipments by 64% to nearly 400,000 BBL/d, the highest since February 2023. (Reuters)
EARNINGS REPORTS
Canadian Natural Reports Record Quarterly Production - Canadian Natural Resources Limited's (NYSE:CNQ) (Calgary, Alberta) first-quarter 2025 output rose to a record 1.58 million barrels of oil equivalent per day (boe/d) during the first quarter, from 1.33 million boe/d during the same period a year earlier. (Reuters)
POWER
Georgia Power Starts Work on Multiple BESS Units - Georgia Power, a subsidiary of Southern Company (NYSE:SO) (Atlanta, Georgia), said on Wednesday that construction works have begun for 765 megawatts of battery energy storage systems (BESS) across Georgia. The projects include the Robins, Moody, Hammond and McGrau Ford BESS facilities. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more by viewing the related project reports. (Renewables Now)
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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).
NGLs
U.S. Exports of NGLs Hits Hit Record High in April - U.S. exports of natural gas liquids (NGLs) touched a record high in April, even as a trade war between the U.S. and China cut shipments to the top buyer, ship tracking data showed. The U.S. exported about 2.9 million barrels per day (BBL/d) of NGLs in April, a record high, data from ship tracking firms Kpler and Vortexa showed. Exports to China fell 35% to 619,000 BBL/d in the month, Kpler data showed, the lowest since November 2023. Other countries increased their purchases of U.S. NGLs in the global rerouting, making up for the U.S.'s loss of Chinese buying. India more than tripled its purchase to a record high of 179,000 BBL/d, Kpler data showed. Brazil more than doubled its purchases to 113,000 BBL/d, the highest in five years, while Japan, the second largest buyer of U.S. NGLs, stepped up shipments by 64% to nearly 400,000 BBL/d, the highest since February 2023. (Reuters)
EARNINGS REPORTS
Canadian Natural Reports Record Quarterly Production - Canadian Natural Resources Limited's (NYSE:CNQ) (Calgary, Alberta) first-quarter 2025 output rose to a record 1.58 million barrels of oil equivalent per day (boe/d) during the first quarter, from 1.33 million boe/d during the same period a year earlier. (Reuters)
POWER
Georgia Power Starts Work on Multiple BESS Units - Georgia Power, a subsidiary of Southern Company (NYSE:SO) (Atlanta, Georgia), said on Wednesday that construction works have begun for 765 megawatts of battery energy storage systems (BESS) across Georgia. The projects include the Robins, Moody, Hammond and McGrau Ford BESS facilities. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more by viewing the related project reports. (Renewables Now)
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).
