Released February 08, 2021 | SUGAR LAND
en
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PRODUCTION
U.S. Drillers Add Rigs for Eleventh Week - U.S. drillers this week added oil and natural gas rigs for an 11th week in a row for the first time since June 2017 as crude prices hit pre-pandemic highs. The U.S. oil and gas rig count, an early indicator of future output, rose by eight to 392 in the week ending February 5, the highest since May. U.S. oil rigs rose four to 299, also their highest since May, while gas rigs rose four to 92, their highest since April, according to Baker Hughes data. (Reuters)
PIPELINES
Alaska Seeks to Build Natural Gas Pipeline from North Slope to Fairbanks - Alaska wants to start on the first phase of the state's liquefied natural gas (LNG) export plant and pipeline project by seeking federal funding and working with a private firm to build a natural gas pipeline from the North Slope to Fairbanks. The proposed $5.9 billion pipeline would run roughly 500 miles and could start delivering gas into central Alaska in 2025, according to a report Frank Richards, president of the Alaska Gasline Development Corporation, presented to the board on Thursday. (Reuters)
CORPORATE
Chevron Offers to Buy Out Pipeline Operator Noble Midstream - Chevron Corporation (NYSE:CVX) said on Friday it offered to buy shares in Noble Midstream Partners LP that it does not already own, in a deal valuing the company at $1.13 billion, months after the U.S. oil major bought the pipeline operator's sponsor, Noble Energy. Chevron in October closed a $4.1 billion all-stock purchase of smaller rival Noble Energy, gaining a nearly 63% stake in Noble Midstream. (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 trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
PRODUCTION
U.S. Drillers Add Rigs for Eleventh Week - U.S. drillers this week added oil and natural gas rigs for an 11th week in a row for the first time since June 2017 as crude prices hit pre-pandemic highs. The U.S. oil and gas rig count, an early indicator of future output, rose by eight to 392 in the week ending February 5, the highest since May. U.S. oil rigs rose four to 299, also their highest since May, while gas rigs rose four to 92, their highest since April, according to Baker Hughes data. (Reuters)
PIPELINES
Alaska Seeks to Build Natural Gas Pipeline from North Slope to Fairbanks - Alaska wants to start on the first phase of the state's liquefied natural gas (LNG) export plant and pipeline project by seeking federal funding and working with a private firm to build a natural gas pipeline from the North Slope to Fairbanks. The proposed $5.9 billion pipeline would run roughly 500 miles and could start delivering gas into central Alaska in 2025, according to a report Frank Richards, president of the Alaska Gasline Development Corporation, presented to the board on Thursday. (Reuters)
CORPORATE
Chevron Offers to Buy Out Pipeline Operator Noble Midstream - Chevron Corporation (NYSE:CVX) said on Friday it offered to buy shares in Noble Midstream Partners LP that it does not already own, in a deal valuing the company at $1.13 billion, months after the U.S. oil major bought the pipeline operator's sponsor, Noble Energy. Chevron in October closed a $4.1 billion all-stock purchase of smaller rival Noble Energy, gaining a nearly 63% stake in Noble Midstream. (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 trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
