Freeport LNG, U.S. Rig Count: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

LNG
First LNG Vessel Arrives at Freeport Plant Since Fire - The first liquefied natural gas (LNG) vessel arrived on Friday at Freeport LNG's (Houston, Texas) idled export plant in Texas since the facility shut in a fire in June last year, according to ship tracking data from Refinitiv. Freeport has said it would soon start sending gas to one of the plant's three liquefaction trains, which liquefy the fuel to be shipped overseas. On Thursday, federal regulators gave the company permission to return ship loading to service to free up space in its LNG storage tanks. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Plant Database can click here for the plant profile. (Reuters)

PRODUCTION
U.S. Drillers Cut Gas Rigs, Add Oil Rigs - U.S. energy firms cut the number of natural gas rigs by the most in a week since October 2017, while adding the most oil rigs in a week since June, energy services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) said. The total oil and gas rig count rose two to 761 in the week ending February 10. Oil rigs rose 10 to 609 last week, while gas rigs fell eight to 150. (Reuters)

Russia to Cut Oil Production by 500,000 BBL/d - Russia will cut oil production by 500,000 barrels per day, or around 5% of output, in March, Deputy Prime Minister Alexander Novak said on Friday, after the West imposed price caps on Russian oil and oil products. (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).