Released July 26, 2021 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
PRODUCTION
U.S. Drillers Add Rigs for Fourth Consecutive Week - U.S. energy firms have added oil and natural gas rigs for a fourth week in a row for the first time since May. The oil and gas rig count rose seven to 491 in the week ending July 23, its highest since April 2020, energy services firm Baker Hughes Company (NYSE:BKR) (Houston, Texas) said. U.S. oil rigs rose seven to 387, their highest since April 2020, while gas rigs were unchanged at 104. (Reuters)
NATURAL GAS
U.S. Natural Gas Exports to Mexico Establish New Record in June - Natural gas pipeline exports from the U.S. to Mexico surpassed 7 billion cubic feet per day (Bcf/d) on multiple days during June, according to data from Wood Mackenzie. The highest amount of pipeline exports, 7.4 Bcf/d, was sent out June 17. U.S. natural gas pipeline exports to Mexico averaged 6.8 Bcf/d in June, up 25% from June 2020 and 44% more than the previous five-year monthly average. The figure sets a new monthly record for natural gas exports to Mexico. (EIA)
EARNINGS REPORTS
Schlumberger Boosts Net Income - Schlumberger Limited (NYSE:SLB) (Houston) reported net income of $431 million for the three months ending June 30, compared with $299 million in the first quarter. Schlumberger officials offered an optimistic outlook for the rest of the year and said they expect further growth and margin expansion in the company's North American and international operations. (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), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
PRODUCTION
U.S. Drillers Add Rigs for Fourth Consecutive Week - U.S. energy firms have added oil and natural gas rigs for a fourth week in a row for the first time since May. The oil and gas rig count rose seven to 491 in the week ending July 23, its highest since April 2020, energy services firm Baker Hughes Company (NYSE:BKR) (Houston, Texas) said. U.S. oil rigs rose seven to 387, their highest since April 2020, while gas rigs were unchanged at 104. (Reuters)
NATURAL GAS
U.S. Natural Gas Exports to Mexico Establish New Record in June - Natural gas pipeline exports from the U.S. to Mexico surpassed 7 billion cubic feet per day (Bcf/d) on multiple days during June, according to data from Wood Mackenzie. The highest amount of pipeline exports, 7.4 Bcf/d, was sent out June 17. U.S. natural gas pipeline exports to Mexico averaged 6.8 Bcf/d in June, up 25% from June 2020 and 44% more than the previous five-year monthly average. The figure sets a new monthly record for natural gas exports to Mexico. (EIA)
EARNINGS REPORTS
Schlumberger Boosts Net Income - Schlumberger Limited (NYSE:SLB) (Houston) reported net income of $431 million for the three months ending June 30, compared with $299 million in the first quarter. Schlumberger officials offered an optimistic outlook for the rest of the year and said they expect further growth and margin expansion in the company's North American and international operations. (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), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
