OPEC+ Production Increase, Alberta Windfarm: 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.

PRODUCTION
OPEC+ to Raise Production - On Saturday, the Organization of the Petroleum Exporting Countries and allies (OPEC+) agreed to raise oil production by 548,000 barrels per day (BBL/d) in August, exceeding the 411,000-BBL/d hikes they made for the prior three months. The OPEC+ decision will bring nearly 80% of the 2.2 million BBL/d of voluntary cuts from eight OPEC producers back into the market, RBC Capital analysts, led by Helima Croft, said in a note. However, the actual output increase has been smaller than planned so far and most of the supply has been from Saudi Arabia, analysts said. (Reuters)

POWER
Germany's ABO Energy Cleared to Build Canadian Windfarm - German renewables developer ABO Energy GmbH & Co KGaA (Wiesbaden) has been cleared to build a 165-megawatt (MW) windfarm in Canada, which will be backed by 70 MW of battery energy storage capacity. The Alberta Utilities Commission has issued a permit and license for the power plant, the company said. The Fox Meadows Wind Project is proposed to be built on privately owned land in Alberta and s planned to accommodate up to 25 turbines of 6.2 MW to 7.2 MW each. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the reports on the windfarm and energy storage portions of the project. (Renewables Now)

CORPORATE
BP Appoints Former Shell CFO to Board - BP (London) on Monday appointed Simon Henry, former finance chief of Shell plc (London), to its board as a non-executive director effective September 1. Henry, who worked at Shell for more than three decades, was its chief financial officer (CFO) between 2009 and 2017 and is currently a non-executive director at Rio Tinto (London), from where he will step down in the second half of the year. (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).