Production
Daily News Energy Headlines from November 15, 2017
Scan through a selection of energy-related news highlights that we think will interest our clients.
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
CRUDE OIL
U.S. Crude Oil Stocks Build - The U.S. Energy Information Administration reports that U.S. crude oil stockpiles increased by 1.9 million barrels for the week ending November 10. (Reuters)
LNG
Chevron Shuts Down Gorgon Train 3 - Chevron's (NYSE:CVX) Gorgon liquefied natural gas (LNG) export facility in Australia shut down its third production unit on Wednesday for planned maintenance lasting up to December 25. (Reuters)
PRODUCTION
More Than 75,000 Barrels per Day Remains Shut in After Shell Platform Fire - A combined 75,206 barrels per day of oil and 215,122 million cubic feet per day of natural gas production are shut-in at four platforms in the wake of a November 8 fire at Royal Dutch Shell's (NYSE:RDS-A) Enchilada platform, according to U.S. government data. (Reuters)
Total S.A. Notches Up Growth in Production, Refining Margins as Demand Strengthens - Total S.A. (NYSE:TOT) (Paris, France) is seeing solid improvement on two fronts: a strong demand for petroleum products is boosting its refining margins, and project ramp-ups and higher commodity prices have accelerated production rates. Industrial Info is tracking more than $40 billion in active projects involving Total and its subsidiaries, including more than $16 billion worth that are nearing or under construction. (IIR)
U.A.E. Backs Continued Production Cuts - OPEC and allied oil producers should extend their production cuts beyond March to help re-balance the market, the United Arab Emirates said, adding weight to a gathering consensus for longer reductions in output among participants in the global accord. The U.A.E. favors maintaining the cuts, which are set to expire at the end of the first quarter, Minister of Energy Suhail Al Mazrouei said. (Bloomberg)
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.
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