Released November 20, 2023 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PRODUCTION
U.S. Drillers Add Rigs - U.S. drillers added two rigs during the week ending November 17. The number of oil rigs increased by six to 500, while the gas rig count fell by four to 114. (Baker Hughes)
CRUDE OIL
Oil Ends Oil Lower for Fourth Week - Both Brent and West Texas Intermediate crude oils lost more than 1% in price last week, their fourth straight week of declines. (Reuters)
POWER
Britain to Increase Guaranteed Price for Offshore Wind - Britain will increase the guaranteed price offered for offshore wind projects in its next renewables auction by 66%, the government said on Thursday, as it seeks to spur more projects after its last auction failed to attract any offshore wind investment. Offshore wind projects will be offered a strike price of 73 pounds (US$90.61) per megawatt hour (MWh) up from the 44 pounds (US$54.84) per MWh offered in the September auction. (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).
PRODUCTION
U.S. Drillers Add Rigs - U.S. drillers added two rigs during the week ending November 17. The number of oil rigs increased by six to 500, while the gas rig count fell by four to 114. (Baker Hughes)
CRUDE OIL
Oil Ends Oil Lower for Fourth Week - Both Brent and West Texas Intermediate crude oils lost more than 1% in price last week, their fourth straight week of declines. (Reuters)
POWER
Britain to Increase Guaranteed Price for Offshore Wind - Britain will increase the guaranteed price offered for offshore wind projects in its next renewables auction by 66%, the government said on Thursday, as it seeks to spur more projects after its last auction failed to attract any offshore wind investment. Offshore wind projects will be offered a strike price of 73 pounds (US$90.61) per megawatt hour (MWh) up from the 44 pounds (US$54.84) per MWh offered in the September auction. (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).
