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Released July 11, 2022 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
PRODUCTION
U.S. Drillers Add Rigs - The U.S. oil and gas rig count rose two to 752 in the week to July 8, energy services firm Baker Hughes Company (NYSE:BKR) (Houston, Texas) said. U.S. oil rigs rose two to 597 this week, their highest since March 2020, while gas rigs were unchanged at 153. (Reuters)
U.S. Oil Output Slips in April - U.S. crude oil production slid in April by about 0.5% to its lowest since February, according to a monthly report from the U.S. Energy Information Administration (EIA) on Friday. Oil production fell to about 11.6 million barrels per day (BBL/d) in April from nearly 11.7 million BBL/d the month prior, the report showed. (Reuters)
PIPELINES
Michigan Orders Information from Enbridge Regarding Line 5 Tunnel Application - Michigan regulators on Thursday ordered Canada's Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta) to file additional information on safety and engineering for its proposed Line 5 oil pipeline tunnel, describing Enbridge's current application as "deficient." Enbridge is planning to build a tunnel beneath the Straits of Mackinac in the Great Lakes to rehouse its existing 540,000-BBL/d Line 5 pipeline. The decision is a setback for Enbridge, which has proposed building the $750 million tunnel to address concerns that Line 5 could spill into the Great Lakes. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pipeline Project Database can click here for the detailed report. (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 world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
PRODUCTION
U.S. Drillers Add Rigs - The U.S. oil and gas rig count rose two to 752 in the week to July 8, energy services firm Baker Hughes Company (NYSE:BKR) (Houston, Texas) said. U.S. oil rigs rose two to 597 this week, their highest since March 2020, while gas rigs were unchanged at 153. (Reuters)
U.S. Oil Output Slips in April - U.S. crude oil production slid in April by about 0.5% to its lowest since February, according to a monthly report from the U.S. Energy Information Administration (EIA) on Friday. Oil production fell to about 11.6 million barrels per day (BBL/d) in April from nearly 11.7 million BBL/d the month prior, the report showed. (Reuters)
PIPELINES
Michigan Orders Information from Enbridge Regarding Line 5 Tunnel Application - Michigan regulators on Thursday ordered Canada's Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta) to file additional information on safety and engineering for its proposed Line 5 oil pipeline tunnel, describing Enbridge's current application as "deficient." Enbridge is planning to build a tunnel beneath the Straits of Mackinac in the Great Lakes to rehouse its existing 540,000-BBL/d Line 5 pipeline. The decision is a setback for Enbridge, which has proposed building the $750 million tunnel to address concerns that Line 5 could spill into the Great Lakes. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pipeline Project Database can click here for the detailed report. (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 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 world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
