SPR Legislation, U.S. Rig Count: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

TERMINALS
U.S. House Passes Bill Limiting Drawdowns from Strategic Petroleum Reserve - The U.S. House of Representatives passed a bill on Friday limiting the ability of the energy secretary to tap the Strategic Petroleum Reserve (SPR) without developing plans to increase the amount of public lands available for oil and gas drilling. President Joe Biden would veto the legislation should it pass Congress, the White House said last week. The bill is expected to face an uphill battle in the Senate, which unlike the House, is controlled by Biden's fellow Democrats. (Reuters)

PRODUCTION
U.S. Drillers Leave Rig Count Unchanged - The oil and gas rig count remained at 771 in the week ending January 27. U.S. oil rigs fell by four to 609 last week, their lowest since October, while gas rigs rose four to 160, their highest since September. (Reuters)

LNG
Philippines Greenlights Seventh LNG Regasification Terminal - The Philippines' Department of Energy said on Friday it has approved a liquefied natural gas (LNG) import terminal project, the country's seventh such facility. The agency said in a statement it has issued a notice to proceed to Samat LNG Corporation (Makati City, Philippines), which plans to construct a small-scale LNG terminal in Mariveles municipality in Bataan province. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for more details. (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) 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).