ExxonMobil, Low U.S. Gasoline Imports: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

PRODUCTION
Sunshine Oilsands Ordered to Cease Operations - A Canadian regulator has ordered Sunshine Oilsands Limited (Calgary, Alberta) to suspend its operations, including wells, facilities and pipelines, in northern Alberta's oil sands region due to continuous non-compliance with environmental and public safety rules. The November 14 order from the Alberta Energy Regulator also demanded that Sunshine Oilsands post a security deposit of C$6,091,318 (US$4.36 million) to offset the estimated cost of abandoning or reclaiming a well or facility. (Reuters)

ExxonMobil to Start Cyprus Drilling in January - Exxon Mobil Corporation (NYSE:XOM) (Spring, Texas) will drill a well off Cyprus in January in its pursuit of natural gas, a senior executive said on Thursday, one of several energy majors focusing on the region as Europe diversifies from Russia. Drillings next year include two new wells--Pegasus and the highly promising Electra--a senior executive responsible for global exploration at the conglomerate said. (Reuters)

GASOLINE
U.S. Gasoline Imports Hit Lowest Level Since 2020 - U.S. waterborne gasoline imports fell in October to their lowest since the COVID-19 pandemic, with European shipments to the U.S. Northeast hitting a record low and Asian cargoes more than halved from a year ago, according to traders and ship-tracking data. The U.S. imported 335,000 barrels per day (BBL/d) of gasoline in October, down 37% year-on-year and the lowest since April 2020, according to data from trade analysts Kpler. The sharpest drops in October waterborne deliveries were from Europe, the top gasoline shipper to the U.S., which fell to its lowest since the pandemic in May 2020 to 137,000 BBL/d, and from Asia, which slumped 74% from September to 21,000 BBL/d, less than half of last year's average, according to Kpler. (Reuters)

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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).