Released January 13, 2020 | SUGAR LAND
en
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
REFINING
Five Percent of U.S. Refining Capacity Up for Sale - This Reuters article discusses how seven U.S. refineries, representing 5% of U.S. refining capacity, are for sale, but are having trouble finding buyers because of unfavorable locales and worries about falling margins. (Reuters)
PRODUCTION
Norway to Escalate Oil Production in Coming Years - Norway's oil output will grow by 43% from 2019 to 2024 as new fields come on stream and older production facilities are upgraded, forecasts from the Norwegian Petroleum Directorate showed. By 2023, combined output of oil and gas is expected to reach close to the record level seen in 2004, the agency said, although gas would have a greater share than before. (Reuters)
U.S. Drillers Cut Oil Rigs - The number of rigs drilling for oil in the U.S. declined by 11 for the week ending January 10, marking the largest drop since October and bringing the total count to 659. In the same week a year ago, there were 873 active rigs, although the amount of oil produced per rig continues to increase. (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 trading, logistics and marketing communities. We are the number one source for information about electricity 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. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
REFINING
Five Percent of U.S. Refining Capacity Up for Sale - This Reuters article discusses how seven U.S. refineries, representing 5% of U.S. refining capacity, are for sale, but are having trouble finding buyers because of unfavorable locales and worries about falling margins. (Reuters)
PRODUCTION
Norway to Escalate Oil Production in Coming Years - Norway's oil output will grow by 43% from 2019 to 2024 as new fields come on stream and older production facilities are upgraded, forecasts from the Norwegian Petroleum Directorate showed. By 2023, combined output of oil and gas is expected to reach close to the record level seen in 2004, the agency said, although gas would have a greater share than before. (Reuters)
U.S. Drillers Cut Oil Rigs - The number of rigs drilling for oil in the U.S. declined by 11 for the week ending January 10, marking the largest drop since October and bringing the total count to 659. In the same week a year ago, there were 873 active rigs, although the amount of oil produced per rig continues to increase. (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 trading, logistics and marketing communities. We are the number one source for information about electricity 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. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
