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Released August 24, 2021 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
PRODUCTION
Five Killed in Mexico Offshore Platform Fire - Five workers were killed and six injured in Sunday's fire on an offshore platform in the southern Gulf of Mexico operated by Petroleos Mexicanos (Pemex) that cut about a quarter of Mexico's oil production, the company said on Monday. The fire broke out as crews were performing maintenance on the platform, and a search for missing workers is continuing, Pemex Chief Executive Octavio Romero told a news conference. The platform remains out of operation, with about 421,000 barrels per day of oil lost and 125 wells offline, he said. (Reuters)
Papua New Guinea Resumes Talks with ExxonMobil Over Gas Field - The Papua New Guinea government and U.S. oil major Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) plan to resume talks on the P'nyang natural gas field development project, nearly two years after their negotiations halted, ExxonMobil confirmed on Monday. ExxonMobil and its partners, including Oil Search Limited (Papua New Guinea), had intended to develop P'nyang to feed a new train at a two-train liquefied natural gas plant in the country. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database can click here for related projects. (Reuters)
CRUDE OIL
Oil Jumps 5% After Seven Days of Losses - Oil prices rose more than 5% on Monday, as a weaker dollar and strong global equities markets boosted crude oil futures after seven sessions of declines. Brent crude oil climbed $3.57, or 5.5%, to end the session at $68.75 a barrel. U.S. West Texas Intermediate (WTI) crude oil for October delivery rose $3.50, or 5.6%, to settle at $65.64. (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), 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.
PRODUCTION
Five Killed in Mexico Offshore Platform Fire - Five workers were killed and six injured in Sunday's fire on an offshore platform in the southern Gulf of Mexico operated by Petroleos Mexicanos (Pemex) that cut about a quarter of Mexico's oil production, the company said on Monday. The fire broke out as crews were performing maintenance on the platform, and a search for missing workers is continuing, Pemex Chief Executive Octavio Romero told a news conference. The platform remains out of operation, with about 421,000 barrels per day of oil lost and 125 wells offline, he said. (Reuters)
Papua New Guinea Resumes Talks with ExxonMobil Over Gas Field - The Papua New Guinea government and U.S. oil major Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) plan to resume talks on the P'nyang natural gas field development project, nearly two years after their negotiations halted, ExxonMobil confirmed on Monday. ExxonMobil and its partners, including Oil Search Limited (Papua New Guinea), had intended to develop P'nyang to feed a new train at a two-train liquefied natural gas plant in the country. Subscribers to Industrial Info's Global Market Intelligence (GMI) Oil & Gas Project Database can click here for related projects. (Reuters)
CRUDE OIL
Oil Jumps 5% After Seven Days of Losses - Oil prices rose more than 5% on Monday, as a weaker dollar and strong global equities markets boosted crude oil futures after seven sessions of declines. Brent crude oil climbed $3.57, or 5.5%, to end the session at $68.75 a barrel. U.S. West Texas Intermediate (WTI) crude oil for October delivery rose $3.50, or 5.6%, to settle at $65.64. (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), 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.
