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Released May 19, 2016 | 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. Crude Oil Inventories Rise - The U.S. Energy Information Administration reports that U.S. crude stocks increased by 1.3 million barrels for the week ending May 13 to 541.3 million barrels. Gasoline stocks fell 2.5 million barrels, while distillates dropped by 3.2 million barrels.
LNG
Australia's Gorgon LNG Facility Restarts After Shutdown - Chevron Corporation (NYSE:CVX) (San Ramon, California) announced on Wednesday that it is restarting its Gorgon liquefied natural gas (LNG) export facility after an unplanned shutdown in April.
PRODUCTION
Israel Reaches Deal in Leviathan Natural Gas Development - Israel has reached a new deal regarding development of the country's offshore Leviathan natural gas field by Noble Energy Incorporated (NYSE:NBL) (Houston, Texas) and Delek Group (Netanya, Israel) that gives the government more leeway to change policies if needed. The previous agreement was struck down by Israel's Supreme Court in March.
Norway Awards Offshore Drilling Licenses - Norway has awarded 10 new licenses for offshore oil and gas drilling, opening new acreage in Norwegian waters for the first time in 20 years.
POWER
More than $2 Billion in Wind Power Projects Set to Kick Off in Canada before End of Year - As wildfires tear through Alberta and devastate Canada's Oil & Gas Industry, the country remains a bright spot in one key area: It has become a global leader in the construction of renewable energy. Industrial Info is tracking $2.08 billion in wind-energy projects that currently are set to begin construction in Canada before the end of the year.
Finance Secured for £1.3 Billion Dudgeon Offshore Windfarm in U.K. - Financing amounting to £1.3 billion ($1.9 billion) has been secured for one of the U.K.'s largest offshore wind projects.
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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, five offices in North America and 10 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.
CRUDE OIL
U.S. Crude Oil Inventories Rise - The U.S. Energy Information Administration reports that U.S. crude stocks increased by 1.3 million barrels for the week ending May 13 to 541.3 million barrels. Gasoline stocks fell 2.5 million barrels, while distillates dropped by 3.2 million barrels.
LNG
Australia's Gorgon LNG Facility Restarts After Shutdown - Chevron Corporation (NYSE:CVX) (San Ramon, California) announced on Wednesday that it is restarting its Gorgon liquefied natural gas (LNG) export facility after an unplanned shutdown in April.
PRODUCTION
Israel Reaches Deal in Leviathan Natural Gas Development - Israel has reached a new deal regarding development of the country's offshore Leviathan natural gas field by Noble Energy Incorporated (NYSE:NBL) (Houston, Texas) and Delek Group (Netanya, Israel) that gives the government more leeway to change policies if needed. The previous agreement was struck down by Israel's Supreme Court in March.
Norway Awards Offshore Drilling Licenses - Norway has awarded 10 new licenses for offshore oil and gas drilling, opening new acreage in Norwegian waters for the first time in 20 years.
POWER
More than $2 Billion in Wind Power Projects Set to Kick Off in Canada before End of Year - As wildfires tear through Alberta and devastate Canada's Oil & Gas Industry, the country remains a bright spot in one key area: It has become a global leader in the construction of renewable energy. Industrial Info is tracking $2.08 billion in wind-energy projects that currently are set to begin construction in Canada before the end of the year.
Finance Secured for £1.3 Billion Dudgeon Offshore Windfarm in U.K. - Financing amounting to £1.3 billion ($1.9 billion) has been secured for one of the U.K.'s largest offshore wind projects.
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, five offices in North America and 10 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.
