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Released September 14, 2023 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PRODUCTION
TotalEnergies to Start Gas Production from Argentina's Fenix Field in 2024 - TotalEnergies SE (NYSE:TTE) (Courbevoie, France) will start drilling at the Fenix field off the coast of the Argentine province Tierra del Fuego in March 2024, and expects to start production the following November, Vice President Catherine Remy said. The project will produce some 10 million cubic meters of natural gas per day, representing 8% of the country's total production, Remy said at Argentina's Oil & Gas exhibition. Subscribers to Industrial Info's Global Market Intelligence Production Project Database can click here for more details. (Reuters)
Guyana Receives Bids for Eight Oil & Gas Blocks - Guyana has received offers for eight of 14 offshore oil and gas exploration blocks in a bidding round, including from groups formed by Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) and TotalEnergies. The country wants to quickly expand its energy industry and recruit a wider range of developers to counterbalance a consortium led by ExxonMobil that controls all oil production. (Reuters)
CRUDE OIL
U.S. Crude Oil, Fuel Stockpiles Rise - U.S. crude oil stockpiles last week built for the first time in a month due to higher imports and as production recovered to pre-pandemic levels, while fuel inventories jumped as refineries boosted runs to their highest since early 2020, the U.S. Energy Information Administration (EIA) said on Wednesday. Crude oil inventories rose by 4 million barrels in the week ending September 8 to 420.6 million barrels. Gasoline stocks rose 5.6 million barrels--the most since July 2022--to 220.3 million barrels, the EIA said. Distillate stockpiles rose by 3.9 million barrels to 122.5 million barrels. (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
TotalEnergies to Start Gas Production from Argentina's Fenix Field in 2024 - TotalEnergies SE (NYSE:TTE) (Courbevoie, France) will start drilling at the Fenix field off the coast of the Argentine province Tierra del Fuego in March 2024, and expects to start production the following November, Vice President Catherine Remy said. The project will produce some 10 million cubic meters of natural gas per day, representing 8% of the country's total production, Remy said at Argentina's Oil & Gas exhibition. Subscribers to Industrial Info's Global Market Intelligence Production Project Database can click here for more details. (Reuters)
Guyana Receives Bids for Eight Oil & Gas Blocks - Guyana has received offers for eight of 14 offshore oil and gas exploration blocks in a bidding round, including from groups formed by Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) and TotalEnergies. The country wants to quickly expand its energy industry and recruit a wider range of developers to counterbalance a consortium led by ExxonMobil that controls all oil production. (Reuters)
CRUDE OIL
U.S. Crude Oil, Fuel Stockpiles Rise - U.S. crude oil stockpiles last week built for the first time in a month due to higher imports and as production recovered to pre-pandemic levels, while fuel inventories jumped as refineries boosted runs to their highest since early 2020, the U.S. Energy Information Administration (EIA) said on Wednesday. Crude oil inventories rose by 4 million barrels in the week ending September 8 to 420.6 million barrels. Gasoline stocks rose 5.6 million barrels--the most since July 2022--to 220.3 million barrels, the EIA said. Distillate stockpiles rose by 3.9 million barrels to 122.5 million barrels. (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).
