U.S. Rig Count, Dangote Refinery: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

ENVIRONMENT
U.S. Appeals Court Won't Pause EPA Power Plant Emissions Rule for Now - A federal appeals court on Friday refused to temporarily pause a landmark rule issued by the U.S. Environmental Protection Agency (EPA) requiring sweeping reductions in carbon emissions from existing coal-fired power plants and new natural gas plants. The U.S. Court of Appeals for the District of Columbia Circuit rejected a request filed by 25 Republican attorneys general for an administrative stay, which would have put the rule, which goes into effect in July, on hold while the court considers whether to impose a longer stay order. The rule mandates that many new gas and existing coal plants reduce their greenhouse gas emissions by 90% by 2032. The court didn't explain its Friday decision, but gave the EPA until mid-June to respond to the challengers' requests for a longer pause on the rule while the court considers the merits of the case. (Reuters)

PRODUCTION
U.S. Drillers Add Rigs - U.S. energy firms last week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) said. The oil and gas rig count rose by one to 604 in the week ending May 17. Baker Hughes said oil rigs rose by one to 497 last week, while gas rigs were unchanged at 103. (Reuters)

REFINING
TotalEnergies Strikes Deal with Nigeria's Dangote Refinery - French energy major TotalEnergies SE (NYSE:TTE) (Courbevoie, France) struck its first supply deal with Dangote Refinery in Nigeria, Chief Executive Patrick Pouyanne said on Friday, following a meeting with Africa's richest man, Aliko Dangote. Dangote has been trying to secure crude supplies for his 650,000-barrel-per-day refinery, the largest in Africa and Europe when it reaches full capacity. In May, the refinery put out a tender for 2 million barrels of West Texas Intermediate (WTI) Midland crude oil every month for a year starting in July. Subscribers to Industrial Info's Global Market Intelligence (GMI) Refining Plant Database can click here for the plant profile. (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).