EDF Renewables, U.S. Rig Count: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

PRODUCTION
U.S. Rig Count Falls - U.S. energy firms last week cut the number of oil and natural gas rigs by the most since June 2020, energy services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) said . The oil and gas rig count fell by 12 to 759 in the week ending February 3, the lowest since September. U.S. oil rigs fell 10 to 599, their lowest since September, while gas rigs dropped by two to 158. (Reuters)

POWER
EDF Renewables Signs PPA for Texas Solar Farm - EDF Renewables North America (San Diego, California) has executed a 20-year virtual power purchase agreement for its Millers Branch solar project. Under the deal, Thermo Fisher Scientific (Waltham, Massachusetts) will take the full output of the 200-megawatt project, which is located in Haskell County, Texas, and slated for commercial operation in December 2025. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for more details on the project. (Renews.biz)

EUROPE
EU Agrees Price Cap on Russian Refined Products - European Union (EU) countries agreed to set price caps on Russian refined oil products to limit Moscow's funds for its invasion of Ukraine, the Swedish presidency of the EU said on Friday. EU diplomats said the price caps are $100 per barrel on products that trade at a premium to crude, principally diesel, and $45 per barrel for products that trade at a discount, such as fuel oil and naphtha. Ambassadors for the 27 EU countries agreed on the European Commission proposal. (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).