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Released February 01, 2022 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
PRODUCTION
U.S. Oil Output Rose to Highest Since April 2020 in November - U.S. crude oil production rose 2% in November to 11.753 million barrels per day (BBL/d), the highest since April 2020, according to a monthly report on Monday from the U.S. Energy Information Administration (EIA). U.S. oil production rose 244,000 BBL/d in November from the previous month, the EIA said. U.S. oil production rose in the Gulf of Mexico and in top producing onshore states Texas and North Dakota, the report showed. (Reuters)
Oklahoma Oil Regulator to Shut Some Disposal Wells After Quake - Oklahoma's oil and gas regulator said on Monday it would shut deep saltwater disposal wells and restrict others near where a large earthquake earlier in the day rattled homes and businesses in the northern part of the state. The quake had a magnitude of 4.5 on the Richter scale, regulator Oklahoma Corporation Commission said in a revised estimate. The tremor occurred near Medford, Oklahoma, in the north-central part of the state and home to oil and gas drilling. (Reuters)
LNG
TotalEnergies Aims to Restart Mozambique LNG Project in 2022 - TotalEnergies (NYSE:TTE) (Courbevoie, France) CEO Patrick Pouyanne said on Monday the firm aimed to restart a $20 billion liquefied natural gas (LNG) project in the north of Mozambique that was halted by an insurgent group with links to Islamic State almost a year ago. "My objective is that we will restart in 2022," Pouyanne said. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for the detailed report. (Reuters)
CORPORATE
ExxonMobil to Move Headquarters - Exxon Mobil Corporation (NYSE:XOM) announced on Monday that it is relocating its headquarters from Irving, Texas, to its campus north of Houston in the Spring area. The move is scheduled to be completed by mid-year 2023, ExxonMobil said in a statement. (Local news media)
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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), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
PRODUCTION
U.S. Oil Output Rose to Highest Since April 2020 in November - U.S. crude oil production rose 2% in November to 11.753 million barrels per day (BBL/d), the highest since April 2020, according to a monthly report on Monday from the U.S. Energy Information Administration (EIA). U.S. oil production rose 244,000 BBL/d in November from the previous month, the EIA said. U.S. oil production rose in the Gulf of Mexico and in top producing onshore states Texas and North Dakota, the report showed. (Reuters)
Oklahoma Oil Regulator to Shut Some Disposal Wells After Quake - Oklahoma's oil and gas regulator said on Monday it would shut deep saltwater disposal wells and restrict others near where a large earthquake earlier in the day rattled homes and businesses in the northern part of the state. The quake had a magnitude of 4.5 on the Richter scale, regulator Oklahoma Corporation Commission said in a revised estimate. The tremor occurred near Medford, Oklahoma, in the north-central part of the state and home to oil and gas drilling. (Reuters)
LNG
TotalEnergies Aims to Restart Mozambique LNG Project in 2022 - TotalEnergies (NYSE:TTE) (Courbevoie, France) CEO Patrick Pouyanne said on Monday the firm aimed to restart a $20 billion liquefied natural gas (LNG) project in the north of Mozambique that was halted by an insurgent group with links to Islamic State almost a year ago. "My objective is that we will restart in 2022," Pouyanne said. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for the detailed report. (Reuters)
CORPORATE
ExxonMobil to Move Headquarters - Exxon Mobil Corporation (NYSE:XOM) announced on Monday that it is relocating its headquarters from Irving, Texas, to its campus north of Houston in the Spring area. The move is scheduled to be completed by mid-year 2023, ExxonMobil said in a statement. (Local news media)
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), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.
