Entergy Corporation, Pieridae Energy: Your Daily Energy News

Energy Market highlights gathered by Industrial Info and IIR Energy

PRODUCTION
U.S. Drillers Add Rigs - U.S. energy firms added oil and natural gas rigs for a fifth week in a row, leading to a 10th monthly increase in May. The oil and gas rig count rose by two to 457 in the week ending May 28, its highest since April 2020, energy services firm Baker Hughes Company said. U.S. oil rigs rose three to 359 in the week, their highest since April 2020, while gas rigs fell one to 98. (Reuters)

POWER
Entergy Completes Sale of Nuclear Plant - Entergy Corporation (NYSE:ETR) on Friday completed the sale of the subsidiaries that own Indian Point nuclear power facility in New York to a Holtec International (Camden, New Jersey) subsidiary, which plans to complete major decommissioning activities at the site decades sooner than if Entergy had continued to own the facility. The final operating unit at the site, Unit 3, was shut down by Entergy on April 30. If you subscribe to Industrial Info's Global Market Intelligence (GMI) Power Database, click here for the plant profile. (Reuters)

LNG
Pieridae Energy Hires New Bank to Help with LNG Plant Financing - Pieridae Energy Limited (TSX:PEA) (Calgary, Alberta) has hired Japanese lender MUFG Bank (Tokyo) to help raise $10 billion for its proposed Goldboro liquefied natural gas (LNG) export plant in Nova Scotia, it told Reuters on Thursday. The decision to hire a new banker came after Societe Generale SA, its previous financial advisor, committed to phasing out of new shale financing on environmental grounds. Societe Generale confirmed it had stopped providing support to both Goldboro and a separate project, Quebec LNG, to limit exposure to shale oil and gas production in North America by 2023. If you subscribe to Industrial Info's Global Market Intelligence (GMI) Production Database, click here for related projects. (Reuters)

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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.