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Released April 17, 2023 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
PRODUCTION
U.S. Oil Activity in Midwest, Mountain States Slips - Oil and gas activity in the U.S. Midwest and Mountain West states declined in the first quarter and is expected to continue to slow, according to a survey released on Friday by the Federal Reserve Bank of Kansas City. The first quarter's drilling and business activity index decreased to -13 from 6, according to the survey, which polls energy firms operating in producing states like Colorado, Wyoming, Oklahoma and the northern half of New Mexico. The results mirror a survey the Federal Reserve Bank of Dallas released last month, which said activity was stalling in the largest U.S. shale field in Texas and oil executives' outlooks across the region were souring. (Reuters)
U.S. Rig Count Falls for Third Week - U.S. energy firms last week cut the number of oil and natural gas rigs operating for a third week in a row, energy services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) said. The oil and gas rig count fell by three to 748 in the week ending April 14. U.S. oil rigs fell by two to 588, their lowest since June 2022, while gas rigs fell by one to 157. (Reuters)
LNG
Biden Administration Greenlights Exports from Alaska LNG Project - The Biden administration on Thursday approved exports of liquefied natural gas (LNG) from the Alaska LNG project. The Department of Energy approved Alaska Gasline Development Corporation's (Anchorage, Alaska) exports of LNG from the project to countries with which the United States does not have a free trade agreement. Backers of the project hope it is operational by 2030, with an aim to exporting LNG to Asian countries. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production 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. Oil Activity in Midwest, Mountain States Slips - Oil and gas activity in the U.S. Midwest and Mountain West states declined in the first quarter and is expected to continue to slow, according to a survey released on Friday by the Federal Reserve Bank of Kansas City. The first quarter's drilling and business activity index decreased to -13 from 6, according to the survey, which polls energy firms operating in producing states like Colorado, Wyoming, Oklahoma and the northern half of New Mexico. The results mirror a survey the Federal Reserve Bank of Dallas released last month, which said activity was stalling in the largest U.S. shale field in Texas and oil executives' outlooks across the region were souring. (Reuters)
U.S. Rig Count Falls for Third Week - U.S. energy firms last week cut the number of oil and natural gas rigs operating for a third week in a row, energy services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) said. The oil and gas rig count fell by three to 748 in the week ending April 14. U.S. oil rigs fell by two to 588, their lowest since June 2022, while gas rigs fell by one to 157. (Reuters)
LNG
Biden Administration Greenlights Exports from Alaska LNG Project - The Biden administration on Thursday approved exports of liquefied natural gas (LNG) from the Alaska LNG project. The Department of Energy approved Alaska Gasline Development Corporation's (Anchorage, Alaska) exports of LNG from the project to countries with which the United States does not have a free trade agreement. Backers of the project hope it is operational by 2030, with an aim to exporting LNG to Asian countries. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production 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).
