Schlumberger, U.S. Rig Count: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

PRODUCTION
U.S. Drillers Add Rigs - The U.S. oil and gas rig count rose two to 771 in the week ending October 21, its highest since March 2020, energy services firm Baker Hughes Company (NYSE:BKR) (Houston, Texas) said. U.S. oil rigs rose two to 612 last week, their highest since March 2020, while gas rigs were unchanged at 157. (Reuters)

LNG
Italy to Approve New LNG Terminal This Week - A state-appointed commissioner said on Friday he would give the go-ahead for Italy's new liquefied natural gas (LNG) terminal in the Tuscan port of Piombino at the beginning of next week, in time for it to start delivering gas in the spring. The new terminal will help refill the country's storage system that will run almost empty by the end of this winter and shore up Italy's energy security, the chief executive officer of Italian energy company Eni (NYSE:E) (Rome), Claudio Descalzi, said earlier this month. Subscribers to Industrial Info's Global Market Intelligence (GMI) Terminals Project Database can click here for related reports. (Reuters)

EARNINGS REPORTS
Schlumberger Quarterly Profit Jumps - Schlumberger Limited (NYSE:SLB) (Houston, Texas) on Friday reported its strongest quarterly profit since 2015 with results that topped Wall Street forecasts on oilfield drilling and equipment sales that surged on high oil and gas prices. Schlumberger's net income was $907 million for the quarter ended September 30, compared with $550 million a year ago. (Reuters)

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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).