Aramco, Woodside: Your Daily Energy News

---

News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

NATURAL GAS
U.S. Sees Above-Average Gas Storage Build - The U.S. Energy Information Administration (EIA) said utilities added 90 billion cubic feet (Bcf) of gas into storage during the week ended September 22. That compares with an increase of 103 Bcf in the same week last year and a five-year (2018-2022) average increase of 84 Bcf. (Reuters)

LNG
Aramco Taps into LNG with MidOcean Energy Purchase - Saudi Arabia's state-owned oil group Aramco (Dhahran) said on Thursday it had agreed to acquire a strategic minority stake in liquefied natural gas (LNG) company MidOcean Energy (Washington, D.C.) for $500 million, with an option to increase the size of the shareholding. MidOcean is owned and managed by U.S. investment firm EIG Partners, which led a consortium to buy a 49% stake in Aramco's oil pipelines business in 2021, a deal that raised $12.4 billion for Aramco. (Reuters)

PRODUCTION
Woodside Needs New Seismic Approval for Scarborough Gas Project - Australia's federal court on Thursday halted approval for Woodside Energy Group to conduct seismic blasting under the seabed for its $12 billion Scarborough gas project after a legal challenge by an Indigenous woman. A Woodside spokesperson said there would be no impact on the Scarborough project's target to produce its first LNG cargo in 2026. Woodside, Australia's No.1 independent oil and gas producer, said it would continue to work with the National Offshore Petroleum Safety and Environmental Management Authority to have an accepted environment plan in place before commencing the seismic survey. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for related project reports. (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).