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Released August 19, 2022 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
LNG
Industrial Action at Shell's Prelude FLNG Site Extended Until September - Unions at Shell plc's (NYSE:SHEL) (London, England) Prelude floating liquefied natural gas (FLNG) site off Australia have extended industrial action to September 1 over a long-running pay dispute, the company said on Thursday. Shell shut down the 3.6 million-tonne-per-year site in July and told customers it would be unable to supply LNG cargoes for the duration of work stoppages approved by Australia's Fair Work Commission. "We can confirm it's been renewed until September 1," a Shell spokesperson said of the protected industrial action. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Plant Database can click here for the plant profile. (Reuters)
NATURAL GAS
U.S. Natural Gas Shows Small Storage Build - The U.S. Energy Information Administration (EIA) reports U.S. utilities added 18 billion cubic feet of natural gas to storage during the week ended August 12. Traders noted that was much lower than normal due to hot weather and a lack of wind power last week that forced power generators to burn more gas to keep air conditioners running. (Reuters)
CORPORATE
Tellurian Completes Haynesville Shale Acquisition - Tellurian Incorporated (Houston, Texas) announced that it has closed on the acquisition of upstream assets in the Haynesville Shale from EnSight IV Energy Partners (Shreveport, Louisiana) for $125.5 million. (BusinessWire)
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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).
LNG
Industrial Action at Shell's Prelude FLNG Site Extended Until September - Unions at Shell plc's (NYSE:SHEL) (London, England) Prelude floating liquefied natural gas (FLNG) site off Australia have extended industrial action to September 1 over a long-running pay dispute, the company said on Thursday. Shell shut down the 3.6 million-tonne-per-year site in July and told customers it would be unable to supply LNG cargoes for the duration of work stoppages approved by Australia's Fair Work Commission. "We can confirm it's been renewed until September 1," a Shell spokesperson said of the protected industrial action. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Plant Database can click here for the plant profile. (Reuters)
NATURAL GAS
U.S. Natural Gas Shows Small Storage Build - The U.S. Energy Information Administration (EIA) reports U.S. utilities added 18 billion cubic feet of natural gas to storage during the week ended August 12. Traders noted that was much lower than normal due to hot weather and a lack of wind power last week that forced power generators to burn more gas to keep air conditioners running. (Reuters)
CORPORATE
Tellurian Completes Haynesville Shale Acquisition - Tellurian Incorporated (Houston, Texas) announced that it has closed on the acquisition of upstream assets in the Haynesville Shale from EnSight IV Energy Partners (Shreveport, Louisiana) for $125.5 million. (BusinessWire)
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).
