Released May 09, 2022 | SUGAR LAND
en
Energy Market highlights gathered by Industrial Info and IIR Energy
GOVERNMENT
U.S. Senate Committee Passes Antitrust Bill Pressuring OPEC - A U.S. Senate committee passed a bill on Thursday that could expose the Organization of the Petroleum Exporting Countries (OPEC) and partners to lawsuits for collusion on boosting crude oil prices. The No Oil Producing or Exporting Cartels (NOPEC) bill sponsored by senators passed 17-4 in the Senate Judiciary Committee. (Reuters)
EARNINGS REPORTS
EOG Reports Higher Quarterly Profit on Higher Prices, Volumes - U.S. shale producer EOG Resources Incorporated's (NYSE:EOG) (Houston, Texas) adjusted income rose to $2.35 billion in the quarter ended March 31, from $946 million in the prior-year quarter. EOG's first-quarter total production volumes were 883,300 barrels of oil equivalent per day (Boe/d), up from 778,900 Boe/d a year earlier. EOG saw its average crude oil prices jump 65% during the reported quarter to $96.00 per barrel. (Reuters)
LNG
Enbridge Keeps Eye on LNG Developments - Canadian pipeline company Enbridge Incorporated (NYSE:ENB) (Calgary) reported on Friday a rise in first-quarter profit, and outlined expansion plans as global demand for liquefied natural gas (LNG) surges. "LNG exports are a big opportunity, with momentum building across the U.S. Gulf Coast, and now more so in western Canada," Enbridge Chief Executive Al Monaco said on an earnings conference call. Enbridge supplies about 2 billion cubic feet a day (Bcf/d) of gas to four LNG plants on the U.S. Gulf Coast. Monaco said the company has inked agreements to supply three more Gulf Coast projects that could add up to 7 Bcf/d of gas and more than $2 billion in new investments. (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.
GOVERNMENT
U.S. Senate Committee Passes Antitrust Bill Pressuring OPEC - A U.S. Senate committee passed a bill on Thursday that could expose the Organization of the Petroleum Exporting Countries (OPEC) and partners to lawsuits for collusion on boosting crude oil prices. The No Oil Producing or Exporting Cartels (NOPEC) bill sponsored by senators passed 17-4 in the Senate Judiciary Committee. (Reuters)
EARNINGS REPORTS
EOG Reports Higher Quarterly Profit on Higher Prices, Volumes - U.S. shale producer EOG Resources Incorporated's (NYSE:EOG) (Houston, Texas) adjusted income rose to $2.35 billion in the quarter ended March 31, from $946 million in the prior-year quarter. EOG's first-quarter total production volumes were 883,300 barrels of oil equivalent per day (Boe/d), up from 778,900 Boe/d a year earlier. EOG saw its average crude oil prices jump 65% during the reported quarter to $96.00 per barrel. (Reuters)
LNG
Enbridge Keeps Eye on LNG Developments - Canadian pipeline company Enbridge Incorporated (NYSE:ENB) (Calgary) reported on Friday a rise in first-quarter profit, and outlined expansion plans as global demand for liquefied natural gas (LNG) surges. "LNG exports are a big opportunity, with momentum building across the U.S. Gulf Coast, and now more so in western Canada," Enbridge Chief Executive Al Monaco said on an earnings conference call. Enbridge supplies about 2 billion cubic feet a day (Bcf/d) of gas to four LNG plants on the U.S. Gulf Coast. Monaco said the company has inked agreements to supply three more Gulf Coast projects that could add up to 7 Bcf/d of gas and more than $2 billion in new investments. (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.
