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Released May 08, 2023 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
PRODUCTION
U.S. Oil & Gas Rig Count Declines - U.S. energy firms cut the most oil and natural gas rigs in a week since February, energy services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) said. The oil and gas rig count fell by seven to 748 in the week ending May 5. Oil rigs fell by three to 588 last week in their biggest weekly decline since March. Gas rigs fell by four to 157, their biggest weekly decline since February. (Reuters)
PIPELINES
Plains All American's Oil Pipeline Volumes Rise on Permian Production Growth - Plains All American Pipeline LP (NASDAQ:PAA) (Houston, Texas) said its quarterly crude oil pipeline volumes rose nearly 16% on the back of production growth in the Permian Basin. The company's overall crude oil volumes grew to 8.3 million barrels per day (BBL/d) in first-quarter 2023, from 7.2 million BBL/d a year earlier. (Reuters)
LNG
New LNG Regasification Terminal in Italy to Start Up by End of Month - The new floating terminal for liquefied natural gas (LNG) set up in the Tuscan port of Piombino, Italy, will start its commercial operations at the end of this month, the chief executive of Italy's gas grid operator Snam (San Donato Milanese) said on Friday. The terminal will make available about 2 billion cubic meters (Bcm) of gas this year and about 5 Bcm next year said Snam's Stefano Venier at a press conference to mark the arrival of the first LNG tanker in Piombino. Subscribers to Industrial Info's Global Market Intelligence (GMI) Terminals Project Database can click here for more details. (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).
PRODUCTION
U.S. Oil & Gas Rig Count Declines - U.S. energy firms cut the most oil and natural gas rigs in a week since February, energy services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) said. The oil and gas rig count fell by seven to 748 in the week ending May 5. Oil rigs fell by three to 588 last week in their biggest weekly decline since March. Gas rigs fell by four to 157, their biggest weekly decline since February. (Reuters)
PIPELINES
Plains All American's Oil Pipeline Volumes Rise on Permian Production Growth - Plains All American Pipeline LP (NASDAQ:PAA) (Houston, Texas) said its quarterly crude oil pipeline volumes rose nearly 16% on the back of production growth in the Permian Basin. The company's overall crude oil volumes grew to 8.3 million barrels per day (BBL/d) in first-quarter 2023, from 7.2 million BBL/d a year earlier. (Reuters)
LNG
New LNG Regasification Terminal in Italy to Start Up by End of Month - The new floating terminal for liquefied natural gas (LNG) set up in the Tuscan port of Piombino, Italy, will start its commercial operations at the end of this month, the chief executive of Italy's gas grid operator Snam (San Donato Milanese) said on Friday. The terminal will make available about 2 billion cubic meters (Bcm) of gas this year and about 5 Bcm next year said Snam's Stefano Venier at a press conference to mark the arrival of the first LNG tanker in Piombino. Subscribers to Industrial Info's Global Market Intelligence (GMI) Terminals Project Database can click here for more details. (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).
