Gulf Coast Oil Imports, BP Brazil Project: 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.

CRUDE OIL
Fuel Oil Imports to U.S. Gulf Coast Hit 2.5-Year High - Fuel oil imports to the U.S. Gulf Coast surged to a two-and-a-half-year high in September, driven by a jump in cargoes from the Middle East, as refiners seek alternatives to dwindling Venezuelan crude supplies, according to preliminary ship tracking data, analysts and a refinery source. Fuel oil imports into the U.S. Gulf Coast, home to more than 55% of total U.S. refining capacity, have been on the rise since July and were on track to reach 541,000 barrels per day last month, marking their highest since February 2023, according to Kpler. In August and September, fuel oil imports from Gulf countries hit record highs, bolstered by volumes from Saudi Arabia, Iraq and Kuwait, per Kpler. (Reuters)

LNG
Eni Signs Off on Second Floating LNG Unit Offshore Mozambique - Italian energy group Eni (Rome) and its partners signed off on Thursday on a project to build a second floating liquefied natural gas (LNG) platform, Coral North, offshore Mozambique that will make the country a top African LNG producer. The new unit, a replica of sister platform Coral South in the Rovuma Basin which started exports to Europe in 2022, will double Mozambique's LNG output to more than 7 million tons per annum once operational. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the project report. (Reuters)

PRODUCTION
BP Seeks Partner to Develop Brazil Oil Discovery - BP (London, England) will seek a partner for its major Bumerangue oil discovery in Brazil and could close a deal before making a final investment decision on the project, the oil major's country head said on Thursday. BP, which holds 100% of the block, in August announced that Bumerangue was its largest oil and gas discovery in 25 years. (Reuters)

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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).