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Released May 24, 2023 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
PRODUCTION
Equinor Raises Sverdrup Oilfield Output - Equinor (NYSE:EQNR) (Stavanger, Norway) has performed a capacity test at its Johan Sverdrup oilfield in the North Sea, showing it can produce up to 755,000 barrels of oil per day, the company said on Tuesday. "This equals 6-7% of daily European oil consumption," Equinor said in a statement, adding that it aims to keep output near that level. (Reuters)
LNG
TotalEnergies Prepares for Mozambique LNG Restart - TotalEnergies SE (NYSE:TTE) (Courbevoie, France) will make good on an action plan to address the rights of residents near its Mozambique liquefied natural gas (LNG) project over the summer, the oil major said on Tuesday, taking a step closer toward a restart. "At this time there is no date for a restart, although the project partners take note of the report and note the security improvements on the ground," a TotalEnergies spokesperson said. TotalEnergies holds a leading 26.5% stake in the development, which was halted in 2021 after Islamic State-linked insurgents attacked civilians in Mozambique's northern Cabo Delgado province where the liquefied natural gas project is located. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for the project report. (Reuters)
POWER
Record Solar Power Generated in New York State - New York state's power grid met about 20% of its electricity demand with energy from the sun for one hour last week, marking the highest ever output from solar generation, the grid operator said on Tuesday. A record-setting 3,330 megawatts of solar power was produced during the noon hour on May 18, the New York Independent System Operator (NYISO) said. (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).
PRODUCTION
Equinor Raises Sverdrup Oilfield Output - Equinor (NYSE:EQNR) (Stavanger, Norway) has performed a capacity test at its Johan Sverdrup oilfield in the North Sea, showing it can produce up to 755,000 barrels of oil per day, the company said on Tuesday. "This equals 6-7% of daily European oil consumption," Equinor said in a statement, adding that it aims to keep output near that level. (Reuters)
LNG
TotalEnergies Prepares for Mozambique LNG Restart - TotalEnergies SE (NYSE:TTE) (Courbevoie, France) will make good on an action plan to address the rights of residents near its Mozambique liquefied natural gas (LNG) project over the summer, the oil major said on Tuesday, taking a step closer toward a restart. "At this time there is no date for a restart, although the project partners take note of the report and note the security improvements on the ground," a TotalEnergies spokesperson said. TotalEnergies holds a leading 26.5% stake in the development, which was halted in 2021 after Islamic State-linked insurgents attacked civilians in Mozambique's northern Cabo Delgado province where the liquefied natural gas project is located. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for the project report. (Reuters)
POWER
Record Solar Power Generated in New York State - New York state's power grid met about 20% of its electricity demand with energy from the sun for one hour last week, marking the highest ever output from solar generation, the grid operator said on Tuesday. A record-setting 3,330 megawatts of solar power was produced during the noon hour on May 18, the New York Independent System Operator (NYISO) said. (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).
