TC Energy, ExxonMobil: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

PIPELINES
TC Energy Shuts Keystone Pipeline After Oil Spill - TC Energy Corporation (NYSE:TRP) (Calgary, Alberta) on Thursday said it shut the 622,000 barrel-per-day Keystone pipeline and was responding to an oil release into a creek about 20 miles south of Steele City, Nebraska. "The system remains shut down as our crews actively respond and work to contain and recover the oil," a company release said. TC Energy was not immediately available to comment on the volume of the spill. (Reuters)

CORPORATE
ExxonMobil to Raise Capital Spending in 2023 - Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) on Thursday said it will lift capital spending next year by about 10%, to between $23 billion and $25 billion, and boost share buybacks. Exxon's spending budget extends a plan set a year ago to allocate $22 billion on projects this year. It also set aside $17 billion for lower-carbon projects through 2027, up from $15 billion. (Reuters)

NATURAL GAS
U.S. Sees Smaller Natural Gas Storage Draw - The U.S. Energy Information Administration (EIA) said U.S. utilities pulled 21 billion cubic feet (Bcf) of natural gas from storage during the week ending December 2. That compares with a decrease of 59 Bcf in the same week last year and a five-year (2017-2021) average decline of 49 Bcf. (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).