Freeport LNG, Equinor: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

LNG
Freeport LNG May Miss Plant Restart Target Date - Freeport LNG (Houston, Texas) has not yet provided regulators with a final repair plan, according to a person familiar with the matter, likely pushing any restart into the first quarter of next year, according to Reuters. Freeport LNG had pledged in August to restart gas processing by early to mid-November, and to be above 85% of full capacity by month's end. It had aimed to reach 100% of capacity by March 2023. The U.S. regulator overseeing repairs on Monday had not received Freeport LNG's full repair plan, sources familiar with the company's filing said. The U.S. Pipeline Hazardous Materials and Safety Administration had said last month it will not authorize a partial restart until all proposed changes are received and accepted. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Plant Database can click here for the plant profile. (Reuters)

PRODUCTION
Equinor Platform Shut After Fire - Natural gas production at Equinor's (NYSE:EQNR) (Stavanger, Norway) Aasgard B gas processing platform in the Norwegian Sea was shut on Sunday and could remain offline until November 15 following a fire in a transformer, the company said on Monday. Output at the field has been cut by 19.8 million cubic meters, Aasgard's pipeline operator Gassco said in a regulatory filing. In an update, Gassco extended the expected length of the outage at Aasgard until 5 a.m. GMT on Saturday, maintaining the outage was of "uncertain duration and capacity consequence."

CRUDE OIL
Oil Settles Lower on China COVID Surge - Oil prices settled around $3 lower on Monday, dragged down by a firmer U.S. dollar while surging coronavirus cases in China dashed hopes of a swift reopening of the economy for the world's biggest crude importer. Brent crude oil futures settled down $2.85, or 3%, at $93.14 a barrel. WTI crude futures settled down $3.09, or 3.47%, to $85.87.

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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).