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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PIPELINES
Energy Transfer: Dakota Access Won't Shut After Environmental Study - Energy Transfer LP (NYSE:ET) (Dallas, Texas) does not expect the U.S. Army Corps of Engineers to shut down the Dakota Access oil pipeline after a long-pending environmental review of a section that runs under a lake and is opposed by nearby Native American tribes, Chief Executive Officer Kelcy Warren said on Tuesday. A U.S. court in 2022 ordered the federal government to undertake a more intensive environmental impact statement (EIS) of the 1,100-mile crude pipeline's route, the latest saga in a lengthy court battle between the tribes and pipeline operator Energy Transfer. A final EIS will be complete in late 2024, Steven Wolf, a spokesperson for the Army Corps, told Reuters on Tuesday. (Reuters)
PRODUCTION
Norway's December Gas Production Breaks Record - Norway's natural gas output rose in December to an all-time high, beating an official forecast, while crude oil production was also above expectations, data from the Norwegian Offshore Directorate (NOD) showed on Tuesday. Natural gas production in December rose to 379 million cubic meters per day (mcm/d) from 365 mcm/d a month before, and exceeded a forecast of 352.1 mcm/d by 7.7%, the regulator said on its website. It marks the highest-ever monthly gas production for Norway, beating a previous record set in January 2017 of 372.77 mcm/d. Norway's crude oil output rose to 1.85 million barrels per day (BBL/d) in December from 1.81 million BBL/d in November, above a forecast of 1.81 million BBL/d, NOD's preliminary data showed. (Reuters)
REFINING
Uganda in Talks with Dubai Investment Firm Over Planned Refinery - Uganda is negotiating with an investment company led by a member of Dubai's royal family to develop a planned $4 billion refinery for some of its crude oil, its energy minister said on Tuesday. Uganda is counting on the 60,000 barrel-per-day refinery for its nascent hydrocarbons industry. Subscribers to Industrial Info's Global Market Intelligence (GMI) Refining Project Database can click here to view related project reports. (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).
PIPELINES
Energy Transfer: Dakota Access Won't Shut After Environmental Study - Energy Transfer LP (NYSE:ET) (Dallas, Texas) does not expect the U.S. Army Corps of Engineers to shut down the Dakota Access oil pipeline after a long-pending environmental review of a section that runs under a lake and is opposed by nearby Native American tribes, Chief Executive Officer Kelcy Warren said on Tuesday. A U.S. court in 2022 ordered the federal government to undertake a more intensive environmental impact statement (EIS) of the 1,100-mile crude pipeline's route, the latest saga in a lengthy court battle between the tribes and pipeline operator Energy Transfer. A final EIS will be complete in late 2024, Steven Wolf, a spokesperson for the Army Corps, told Reuters on Tuesday. (Reuters)
PRODUCTION
Norway's December Gas Production Breaks Record - Norway's natural gas output rose in December to an all-time high, beating an official forecast, while crude oil production was also above expectations, data from the Norwegian Offshore Directorate (NOD) showed on Tuesday. Natural gas production in December rose to 379 million cubic meters per day (mcm/d) from 365 mcm/d a month before, and exceeded a forecast of 352.1 mcm/d by 7.7%, the regulator said on its website. It marks the highest-ever monthly gas production for Norway, beating a previous record set in January 2017 of 372.77 mcm/d. Norway's crude oil output rose to 1.85 million barrels per day (BBL/d) in December from 1.81 million BBL/d in November, above a forecast of 1.81 million BBL/d, NOD's preliminary data showed. (Reuters)
REFINING
Uganda in Talks with Dubai Investment Firm Over Planned Refinery - Uganda is negotiating with an investment company led by a member of Dubai's royal family to develop a planned $4 billion refinery for some of its crude oil, its energy minister said on Tuesday. Uganda is counting on the 60,000 barrel-per-day refinery for its nascent hydrocarbons industry. Subscribers to Industrial Info's Global Market Intelligence (GMI) Refining Project Database can click here to view related project reports. (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 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).
