U.S. Rig Count, CNOOC: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

EUROPE
Britain Imports No Fuel from Russia for First Time on Record - Britain imported no fuel from Russia in June for the first time since records began 25 years ago, as sanctions on Moscow in response to its invasion of Ukraine helped drive a 97% decline in imports of Russian goods, official data showed last week. The Office for National Statistics said there had been a sharp and continued decrease in fuel imports from Russia since March, with June's zero imports representing a decrease of 499 million pounds (US$588 million) compared with the monthly average for the 12 months before the invasion in February this year. (Reuters)

PRODUCTION
U.S. Rig Count Up for Week, Down for Month - The U.S. oil and gas rig count rose three to 765 in the week ending August 26, energy services firm Baker Hughes Company (NYSE:BKR) (Houston, Texas) said. For the month, the total oil and gas count was down two rigs. (Reuters)

China's CNOOC Aims for 28% Oil Production Growth by 2025 - Chinese offshore oil and gas major CNOOC (Beijing), expects its annual domestic crude oil production to reach 1.2 million barrels per day (BBL/d) by 2025, 28% above its current level. The targeted output compares to first-half production offshore China in 2022 of 169.5 million barrels, or about 936,000 BBL/d. (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).