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Released September 02, 2025 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
NATURAL GAS
ExxonMobil Sees Natural Gas Demand Surging in Outlook to 2050 - Global demand for natural gas will rise more than 20% by 2050 from last year's level, as it displaces coal to power industries and meet higher electricity use in developing countries, Exxon Mobil Corporation (Spring, Texas) said last week in an annual outlook. Global oil demand will plateau after 2030 but remain above 100 million barrels per day (BBL/d) through 2050, Exxon projected, consistent with its previous outlook. Oil and natural gas will account for 55% of the global energy mix in 25 years' time, down 1 percentage point from 2024 levels, the company said. (Reuters)
LNG
Venture Global May Soon to Produce LNG from All Blocks at Plaquemines Plant - Venture Global LNG (Arlington, Virginia) could soon be producing liquefied natural gas (LNG) from all blocks at its 27.2 million-metric-ton-per-annum Plaquemines facility, regulatory filings show. The company received permission on Friday to introduce nitrogen at Block 15, a precursory step toward LNG production, according to an order from the U.S. Federal Energy Regulatory Commission (FERC). The regulator's move followed a Wednesday authorization to introduce natural gas at Block 18. Subscribers to Industrial Info's Global Market Intelligence (GMI) Plant Database can click here for the plant profile. (Reuters)
PRODUCTION
EIA: U.S. Oil Production Hit Record-High in June - U.S. crude oil production hit a record high in June, rising 133,000 BBL/d to 13.58 million BBL/d, according to data released by the U.S. Energy Information Administration (EIA) as part of its Petroleum Supply Monthly series. Crude oil production in top-producing state Texas rose 11,000 BBL/d to 5.72 million BBL/d, the highest since April, the EIA data showed. In second-largest producer New Mexico, output was up 40,000 BBL/d month-over-month to 2.24 million BBL/d, its highest since March. (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).
NATURAL GAS
ExxonMobil Sees Natural Gas Demand Surging in Outlook to 2050 - Global demand for natural gas will rise more than 20% by 2050 from last year's level, as it displaces coal to power industries and meet higher electricity use in developing countries, Exxon Mobil Corporation (Spring, Texas) said last week in an annual outlook. Global oil demand will plateau after 2030 but remain above 100 million barrels per day (BBL/d) through 2050, Exxon projected, consistent with its previous outlook. Oil and natural gas will account for 55% of the global energy mix in 25 years' time, down 1 percentage point from 2024 levels, the company said. (Reuters)
LNG
Venture Global May Soon to Produce LNG from All Blocks at Plaquemines Plant - Venture Global LNG (Arlington, Virginia) could soon be producing liquefied natural gas (LNG) from all blocks at its 27.2 million-metric-ton-per-annum Plaquemines facility, regulatory filings show. The company received permission on Friday to introduce nitrogen at Block 15, a precursory step toward LNG production, according to an order from the U.S. Federal Energy Regulatory Commission (FERC). The regulator's move followed a Wednesday authorization to introduce natural gas at Block 18. Subscribers to Industrial Info's Global Market Intelligence (GMI) Plant Database can click here for the plant profile. (Reuters)
PRODUCTION
EIA: U.S. Oil Production Hit Record-High in June - U.S. crude oil production hit a record high in June, rising 133,000 BBL/d to 13.58 million BBL/d, according to data released by the U.S. Energy Information Administration (EIA) as part of its Petroleum Supply Monthly series. Crude oil production in top-producing state Texas rose 11,000 BBL/d to 5.72 million BBL/d, the highest since April, the EIA data showed. In second-largest producer New Mexico, output was up 40,000 BBL/d month-over-month to 2.24 million BBL/d, its highest since March. (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).
