Dominion Energy, U.S. Rig Count: Your Daily Energy News

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

CORPORATE
Dominion Slashes CEO's Payout on Long-Term Goals - Dominion Energy Incorporated (NYSE:D) (Richmond, Virginia) Chief Executive Officer (CEO) Robert Blue missed out on taking home more than $4 million in cash after the utility's shareholder return and operating profit during 2022-24 failed to meet performance targets. Blue received $438,240, just 9% of the potential target payout of nearly $5 million, the company disclosed on Friday in a U.S. Securities and Exchange Commission filing. (Reuters)

PRODUCTION
U.S. Drillers Cut Rigs - U.S. energy firms last week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) said. The oil and gas rig count fell by one to 592 in the week ending March 28. Baker Hughes said oil rigs fell by two to 484 last week, while gas rigs rose by one to 103. (Reuters)

LNG
EU Ban on Russian LNG Re-exports Comes into Effect - The European Union's (EU) ban on re-exporting Russian liquefied natural gas (LNG) via EU ports, which aims to reduce Moscow's revenues after its invasion of Ukraine, came into effect last week. The ban, which prohibits the reloading of Russian cargoes at EU ports for export to third countries, was imposed in June 2024, with a moratorium until March 26, 2025, for contracts signed before June 25 last year. (Reuters)

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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).