Reports related to this article:
Project(s): View 1 related project in PECWeb
Plant(s): View 2 related plants in PECWeb
Released August 13, 2024 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
CRUDE OIL
U.S. Seeks 6 Million Barrels of Crude Oil for SPR - The U.S. is seeking to buy another 6 million barrels of oil from energy companies to help replenish the Strategic Petroleum Reserve (SPR), the Department of Energy said on Monday. The solicitation of oil for the SPR is the first for delivery into the facility's Bryan Mound, Texas, site since it underwent maintenance work and repairs, the department said. It is seeking 2 million barrels a month to be delivered to Bryan Mound from January through March next year. (Reuters)
REFINING
Nigerian Refineries Increase Crude Oil Requirements Amid Tight Supply - Nigerian refineries including the Dangote Refinery have raised their domestic crude oil requirements for the second half of 2024 to 597,700 barrels per day (BBL/d) from 483,000 BBL/d in the first half, the national oil regulator said, despite tight domestic supply. The Nigerian Upstream Petroleum Regulatory Commission was only able to help secure 177,777 BBL/d from oil producers in the first six months of the year, way below what the refiners had asked for, it said in a statement released on Friday. The refineries' rising oil requirements and oil producers' struggle to meet demand has put the 650,000-BBL/d Dangote Refinery in particular at odds with the regulator. Subscribers to Industrial Info's Global Market Intelligence (GMI) Refining Plant Database can click here for the Dangote Refinery plant profile. (Reuters)
PRODUCTION
Chevron Breaks New Ground in High-Pressure Offshore Field - Chevron Corporation (NYSE:CVX) (San Ramon, California) has achieved a technological breakthrough, producing first oil from a U.S. Gulf of Mexico field under extreme subsea pressures, the energy company said on Monday. Its $5.7 billion project, called Anchor, ushers in an era of production from deepwater areas that had long been off-limits, because of the lack of equipment able to cope with pressures of up to 20,000 pounds per square inch. At its peak, the floating platform will pump up to 75,000 barrels of oil and 28 million cubic feet of natural gas a day. The field is about 140 miles off the coast of Louisiana. Subscribers to Industrial Info's GMI Project Database can learn more by viewing the related project reports. (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).
CRUDE OIL
U.S. Seeks 6 Million Barrels of Crude Oil for SPR - The U.S. is seeking to buy another 6 million barrels of oil from energy companies to help replenish the Strategic Petroleum Reserve (SPR), the Department of Energy said on Monday. The solicitation of oil for the SPR is the first for delivery into the facility's Bryan Mound, Texas, site since it underwent maintenance work and repairs, the department said. It is seeking 2 million barrels a month to be delivered to Bryan Mound from January through March next year. (Reuters)
REFINING
Nigerian Refineries Increase Crude Oil Requirements Amid Tight Supply - Nigerian refineries including the Dangote Refinery have raised their domestic crude oil requirements for the second half of 2024 to 597,700 barrels per day (BBL/d) from 483,000 BBL/d in the first half, the national oil regulator said, despite tight domestic supply. The Nigerian Upstream Petroleum Regulatory Commission was only able to help secure 177,777 BBL/d from oil producers in the first six months of the year, way below what the refiners had asked for, it said in a statement released on Friday. The refineries' rising oil requirements and oil producers' struggle to meet demand has put the 650,000-BBL/d Dangote Refinery in particular at odds with the regulator. Subscribers to Industrial Info's Global Market Intelligence (GMI) Refining Plant Database can click here for the Dangote Refinery plant profile. (Reuters)
PRODUCTION
Chevron Breaks New Ground in High-Pressure Offshore Field - Chevron Corporation (NYSE:CVX) (San Ramon, California) has achieved a technological breakthrough, producing first oil from a U.S. Gulf of Mexico field under extreme subsea pressures, the energy company said on Monday. Its $5.7 billion project, called Anchor, ushers in an era of production from deepwater areas that had long been off-limits, because of the lack of equipment able to cope with pressures of up to 20,000 pounds per square inch. At its peak, the floating platform will pump up to 75,000 barrels of oil and 28 million cubic feet of natural gas a day. The field is about 140 miles off the coast of Louisiana. Subscribers to Industrial Info's GMI Project Database can learn more by viewing the 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).
