Shell, U.S. LNG Exports: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

LNG
U.S. LNG Exports Rise 16% - U.S. liquefied natural gas (LNG) exports rose nearly 16% last month to a record high, according to preliminary Refinitiv (New York, New York) data, with shipments to Europe continuing to dominate. U.S. LNG exports to all destinations were about 7.43 million metric tons in March, according to Refinitiv, up from 6.4 metric tons in February and topping the prior record of 7.25 million tons in January. (Reuters)

PRODUCTION
U.S. Drillers Add Three Rigs - The U.S. oil and gas rig count rose three to 673 in the week ending April 1, its highest since March 2020, energy services firm Baker Hughes Company (NYSE:BKR) (Houston, Texas) said. U.S. oil rigs rose two to 533, their highest since April 2020, while gas rigs rose one to 138, their highest since October 2019. (Reuters)

CORPORATE
Shell Completes Sale of Alabama Refinery - Shell plc (NYSE:SHEL) has completed the sale of its Chemical LP Refinery in Mobile, Alabama, to Vertex Energy Operating LLC (Houston), for $75 million in cash. Subscribers to Industrial Info's Refining Plant Database can click here the plant profile. (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 world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.