ExxonMobil, Hess, Arch Resources: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

PRODUCTION
ExxonMobil, Hess Increase Estimated Size of Offshore Guyana Resource - Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) and Hess Corporation (NYSE:HES) (New York, New York) have made three new oil discoveries offshore Guyana and increased the estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels. (BusinessWire)

COAL
Coal Miner Arch Resources Increases Quarterly Income - U.S. coal miner Arch Resources (NYSE:ARCH) (Saint Louis, Missouri) reported first-quarter 2022 net income of $271.9 million, compared with a net loss of $6 million in the prior-year period. (PR Newswire)

NATURAL GAS
U.S. Natural Gas Futures Gain 3% - U.S. natural gas futures gained about 3% on Tuesday on worries Russia may cut gas flows to Poland and expectations that recent declines in output due to cold weather in North Dakota and the Rockies will cut the amount of gas utilities can inject into storage in coming weeks. Gas futures for May delivery on the New York Mercantile Exchange rose 18.1 cents, or 2.7%, to settle at $6.850 per million British thermal units (mmBtu). (Reuters)

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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.