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Released April 10, 2019 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
LNG
ExxonMobil, Total to Move Forward with Papua New Guinea LNG Expansion - Total (NYSE:TOT) and Exxon Mobil Corporation (NYSE:XOM) (ExxonMobil) said Tuesday they're moving forward on a new liquefied natural gas (LNG) export project in Papua New Guinea. The Papua LNG project, which has faced delays, is effectively an expansion of ExxonMobil's $19 billion PNG LNG project that opened five years ago. (Project 300129298) (Fuel Fix)
PRODUCTION
EIA Boosts Forecasts for U.S. Crude Output Growth in 2019 - U.S. crude oil production is expected to rise by 1.43 million barrels per day (BBL/d) in 2019 to average 12.39 million BBL/d, the U.S. Energy Information Administration (EIA) said on Tuesday, up from its previous forecast for a rise of 1.35 million BBL/d. (Reuters)
ExxonMobil Leads in New Oil Discoveries - A trio of offshore discoveries made by ExxonMobil has set up 2019 to be the biggest year for new finds since the last oil price collapse in 2014. With discoveries made offshore of Cyprus in the Eastern Mediterranean and off of Guyana in South America, ExxonMobil alone accounts for nearly 40% of the new oil and gas gains found in the first quarter of the year, according to a new report from the Norwegian research firm Rystad Energy. (Fuel Fix)
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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 trading, logistics and marketing communities. We are the number one source for information about electricity 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. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
LNG
ExxonMobil, Total to Move Forward with Papua New Guinea LNG Expansion - Total (NYSE:TOT) and Exxon Mobil Corporation (NYSE:XOM) (ExxonMobil) said Tuesday they're moving forward on a new liquefied natural gas (LNG) export project in Papua New Guinea. The Papua LNG project, which has faced delays, is effectively an expansion of ExxonMobil's $19 billion PNG LNG project that opened five years ago. (Project 300129298) (Fuel Fix)
PRODUCTION
EIA Boosts Forecasts for U.S. Crude Output Growth in 2019 - U.S. crude oil production is expected to rise by 1.43 million barrels per day (BBL/d) in 2019 to average 12.39 million BBL/d, the U.S. Energy Information Administration (EIA) said on Tuesday, up from its previous forecast for a rise of 1.35 million BBL/d. (Reuters)
ExxonMobil Leads in New Oil Discoveries - A trio of offshore discoveries made by ExxonMobil has set up 2019 to be the biggest year for new finds since the last oil price collapse in 2014. With discoveries made offshore of Cyprus in the Eastern Mediterranean and off of Guyana in South America, ExxonMobil alone accounts for nearly 40% of the new oil and gas gains found in the first quarter of the year, according to a new report from the Norwegian research firm Rystad Energy. (Fuel Fix)
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 trading, logistics and marketing communities. We are the number one source for information about electricity 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. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
