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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
CRUDE OIL
Venezuela's Oil Exports Rose in February - Venezuela's exports of crude oil and fuel rose in February to their highest since November, vessel monitoring data showed, as the U.S. prepared to terminate a key license that allows oil major Chevron Corporation (NYSE:CVX) (Houston, Texas) to operate and ship oil from the country. Venezuela's state energy company PDVSA (Caracas) and its joint venture partners last month exported an average of 934,465 barrels per day (BBL/d) of crude oil and fuel. China remained the largest market of Venezuela's oil, receiving some 503,000 BBL/d, according to the data. The U.S. was the second-largest receiver with 239,000 BBL/d, followed by Europe with 69,200 BBL/d and India with 68,000 BBL/d. (Reuters)
POWER
RES Starts Construction of Nova Scotia Windfarm - Renewable energy developer RES Canada (Ottawa, Ontario) said on Monday that it has launched construction of a 168-megawatt (MW) windfarm, called Goose Harbour Lake, in Canada's Nova Scotia province. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more by viewing the project report. (Renewables Now)
Data Center Signs PPA with Texas Windfarm - EDF Renewables North America (San Diego, California) and Abu Dhabi Future Energy Company (Masdar) (Abu Dhabi, United Arab Emirates), co-owners of the Las Majadas Wind Project in Willacy County in southern Texas, have entered into a power purchase agreement (PPA) with data center developer and operator Soluna Holdings (Albany, New York). Under the terms of the agreement, Soluna will purchase up to 166 MW of energy produced by the Las Majadas Wind Project to power a Soluna data center to be built close to the wind project's substation. The Las Majadas Windfarm has a total capacity of 273 MW and became operational in 2021. Subscribers can learn more by viewing the plant profile. (Windpower Engineering & Development)
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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).
CRUDE OIL
Venezuela's Oil Exports Rose in February - Venezuela's exports of crude oil and fuel rose in February to their highest since November, vessel monitoring data showed, as the U.S. prepared to terminate a key license that allows oil major Chevron Corporation (NYSE:CVX) (Houston, Texas) to operate and ship oil from the country. Venezuela's state energy company PDVSA (Caracas) and its joint venture partners last month exported an average of 934,465 barrels per day (BBL/d) of crude oil and fuel. China remained the largest market of Venezuela's oil, receiving some 503,000 BBL/d, according to the data. The U.S. was the second-largest receiver with 239,000 BBL/d, followed by Europe with 69,200 BBL/d and India with 68,000 BBL/d. (Reuters)
POWER
RES Starts Construction of Nova Scotia Windfarm - Renewable energy developer RES Canada (Ottawa, Ontario) said on Monday that it has launched construction of a 168-megawatt (MW) windfarm, called Goose Harbour Lake, in Canada's Nova Scotia province. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more by viewing the project report. (Renewables Now)
Data Center Signs PPA with Texas Windfarm - EDF Renewables North America (San Diego, California) and Abu Dhabi Future Energy Company (Masdar) (Abu Dhabi, United Arab Emirates), co-owners of the Las Majadas Wind Project in Willacy County in southern Texas, have entered into a power purchase agreement (PPA) with data center developer and operator Soluna Holdings (Albany, New York). Under the terms of the agreement, Soluna will purchase up to 166 MW of energy produced by the Las Majadas Wind Project to power a Soluna data center to be built close to the wind project's substation. The Las Majadas Windfarm has a total capacity of 273 MW and became operational in 2021. Subscribers can learn more by viewing the plant profile. (Windpower Engineering & Development)
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).
