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Released December 23, 2022 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
PRODUCTION
U.S. Drillers Add Rigs - The oil and gas rig count, an early indicator of future output, rose by three to 779 in the week up to December 22, reports Baker Hughes Company (NASDAQ:BKR) (Houston, Texas). U.S. oil rigs rose by two to 622 this week, while gas rigs rose one to 155. (Reuters)
CORPORATE
Superior Plus to Buy Low-Carbon Fuels Provider Certarus - Superior Plus Corporation (Toronto, Ontario) will acquire Certarus Limited (Calgary, Alberta) for C$1.05 billion (US$770.87 million) including debt, the companies said on Thursday, adding low-carbon fuels to Superior's portfolio. Certarus operates mobile storage units to bring green fuels including compressed natural gas, renewable natural gas and hydrogen to North American customers who want to transition away from diesel and other distillates but do not have the infrastructure in place. Industrial Info is tracking more than US$5.7 million of Superior Plus projects. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for the reports. (Reuters)
LNG
Italy Court Ruling Allows Work on Tuscan LNG Terminal to Continue - An Italian administrative court has ruled against a request for a precautionary halt on works for a new liquefied natural gas (LNG) terminal in the Tuscan port city of Piombino, saying it did not pose an immediate threat to public safety. The city administration, led by mayor Francesco Ferrari, last month filed a legal challenge against the government-backed project, which Rome sees as key to helping wean Italy off Russian gas. Subscribers to Industrial Info's Terminals Project Database can click here for related reports. (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).
PRODUCTION
U.S. Drillers Add Rigs - The oil and gas rig count, an early indicator of future output, rose by three to 779 in the week up to December 22, reports Baker Hughes Company (NASDAQ:BKR) (Houston, Texas). U.S. oil rigs rose by two to 622 this week, while gas rigs rose one to 155. (Reuters)
CORPORATE
Superior Plus to Buy Low-Carbon Fuels Provider Certarus - Superior Plus Corporation (Toronto, Ontario) will acquire Certarus Limited (Calgary, Alberta) for C$1.05 billion (US$770.87 million) including debt, the companies said on Thursday, adding low-carbon fuels to Superior's portfolio. Certarus operates mobile storage units to bring green fuels including compressed natural gas, renewable natural gas and hydrogen to North American customers who want to transition away from diesel and other distillates but do not have the infrastructure in place. Industrial Info is tracking more than US$5.7 million of Superior Plus projects. Subscribers to Industrial Info's Global Market Intelligence (GMI) Chemical Processing Project Database can click here for the reports. (Reuters)
LNG
Italy Court Ruling Allows Work on Tuscan LNG Terminal to Continue - An Italian administrative court has ruled against a request for a precautionary halt on works for a new liquefied natural gas (LNG) terminal in the Tuscan port city of Piombino, saying it did not pose an immediate threat to public safety. The city administration, led by mayor Francesco Ferrari, last month filed a legal challenge against the government-backed project, which Rome sees as key to helping wean Italy off Russian gas. Subscribers to Industrial Info's Terminals Project Database can click here for related reports. (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) 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).
