Freeport LNG, Schlumberger: 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.

LNG
Freeport LNG Train 2 Begins Commercial Operation - Freeport LNG has announced that it has commenced commercial production at Train 2 of its liquefied natural gas (LNG) production facility in Texas. (Project 300023058) (PR Newswire)

EARNINGS REPORTS
Schlumberger Posts $10.1 Billion Loss in 2019 - Oilfield services company Schlumberger (NYSE:SLB) lost $10.1 billion in 2019 as a result of hefty write-downs on two past acquisitions and weakening demand for hydraulic fracturing services in the U.S. and Canada. The company's 2019 loss on $32.9 billion in revenue compares with a $2.2 billion profit on $32.8 billion in revenue in 2018. (Houston Chronicle)

PRODUCTION
U.S. Drillers Add Oil Rigs - The number of rigs drilling for oil in the U.S. increased by 14 for the week ending January 17, to 673. (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 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.