Norway Oil Production, U.S. Natural Gas Storage Build: Your Daily Energy News

---

Energy Market highlights gathered by Industrial Info and IIR Energy

EUROPE
Britain Could See Three-Hour Power Cuts This Winter - Britain could face three-hour planned power cuts to homes and businesses this winter if it cannot import electricity from Europe and struggles to attract enough gas imports to fuel gas-fired power plants, the National Grid (NYSE:NGG) (London, England) warned on Thursday. Countries across Europe are drawing up winter contingency plans against the disruption of flows of natural gas from Russia because of the war in Ukraine, which could lead to rationing and a curb in exports of energy to other countries. (Reuters)

Norway's Oil Production Seen Rising 15% in 2023 - Norway's production of oil liquids is expected to rise by 15% in 2023 as the Johan Sverdrup field is set to ramp-up output by the end of this year, the government's draft budget showed on Thursday. "The Norwegian continental shelf must continue to be a stable and long-term supplier of oil and gas to Europe at a very demanding time," the government said. Natural gas output from Norway was seen at 121 billion cubic meters (Bcm) next year, compared with 122 Bcm expected in 2022, the document showed. (Reuters)

NATURAL GAS
U.S. Sees Big Gas-Storage Build - The U.S. Energy Information Administration (EIA) said utilities added a seasonal record of 129 billion cubic feet (Bcf) of gas to storage during the week ending September 30. That was the biggest weekly build during the autumn and the third-biggest on record after increases of 147 Bcf in July 2003 and 132 Bcf in May 2015, according to EIA data going back to 1993. (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).