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Released December 08, 2023 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
CORPORATE
Australia's Woodside and Santos in Talks to Form Oil & Gas Giant - Australia's Woodside Energy Group (NYSE:WDS) (Perth, Australia) and Santos (Adelaide, Australia) said on Thursday they were in preliminary talks to create an A$80 billion (US$52 billion) global oil and gas giant, as consolidation among international energy firms intensifies. Woodside, the larger of the two companies, said the talks with Santos were confidential and incomplete and that there was no certainty an agreement would materialize. Its market capitalization stands at A$56.91 billion (US$37.56 billion), while Santos is valued at A$22.1 billion (US$14.58 billion). (Reuters)
CRUDE OIL
China's Crude Oil Imports Post Year-on-Year Decline - China's crude oil imports in November fell 9.2% year-on-year, customs data showed on Thursday, in the first annual decline since April as high inventory levels, weak economic indicators and slowing orders from independent refiners weakened demand. Crude oil arrivals last month 10.33 million barrels per day (BBL/d), according to the General Administration of Customs, the lowest daily rate since July and down from 11.53 million BBL/d in October. (Reuters)
POWER
Dominion Places Battery Storage System into Service - Dominion Energy Incorporated (NYSE:D) (Richmond, Virginia) announced that its Dry Bridge battery energy storage system in Chesterfield County, Virginia, is now operational. The facility can store up to 20 megawatts of power, enough to power 5,000 homes for up to four hours according to Dominion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the project report. (PR Newswire)
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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).
CORPORATE
Australia's Woodside and Santos in Talks to Form Oil & Gas Giant - Australia's Woodside Energy Group (NYSE:WDS) (Perth, Australia) and Santos (Adelaide, Australia) said on Thursday they were in preliminary talks to create an A$80 billion (US$52 billion) global oil and gas giant, as consolidation among international energy firms intensifies. Woodside, the larger of the two companies, said the talks with Santos were confidential and incomplete and that there was no certainty an agreement would materialize. Its market capitalization stands at A$56.91 billion (US$37.56 billion), while Santos is valued at A$22.1 billion (US$14.58 billion). (Reuters)
CRUDE OIL
China's Crude Oil Imports Post Year-on-Year Decline - China's crude oil imports in November fell 9.2% year-on-year, customs data showed on Thursday, in the first annual decline since April as high inventory levels, weak economic indicators and slowing orders from independent refiners weakened demand. Crude oil arrivals last month 10.33 million barrels per day (BBL/d), according to the General Administration of Customs, the lowest daily rate since July and down from 11.53 million BBL/d in October. (Reuters)
POWER
Dominion Places Battery Storage System into Service - Dominion Energy Incorporated (NYSE:D) (Richmond, Virginia) announced that its Dry Bridge battery energy storage system in Chesterfield County, Virginia, is now operational. The facility can store up to 20 megawatts of power, enough to power 5,000 homes for up to four hours according to Dominion. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for the project report. (PR Newswire)
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).
