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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PRODUCTION
U.S. Drillers Add Rigs - U.S. energy firms this 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 two to 585 in the week ending April 17. Baker Hughes said oil rigs rose by one to 481 this week, while gas rigs gained one to 98. (Reuters)
POWER
Idaho Solar Plant Goes Online - Matrix Renewables (Madrid, Spain) and its partner rPlus Energies (Salt Lake City, Utah) have put their 200-megawatt Pleasant Valley Solar 1 park in Idaho online. The output of the solar farm is contracted to Meta Platforms Incorporated (NASDAQ:META) (Menlo Park, California). Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the project report. (Renewables Now)
NATURAL GAS
EIA: U.S. Natural Gas Output, Demand to Peak in 2032 - U.S. natural gas output and demand will both peak in 2032, the U.S. Energy Information Administration (EIA) said in its Annual Energy Outlook on Tuesday. The EIA projected that in 2032, dry gas production will reach 119.0 billion cubic feet per day (Bcf/d) and demand will reach 92.4 Bcf/d. That compares with current record highs of 103.6 Bcf/d in 2023 for output and 90.5 Bcf/d in 2024 for demand. (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. Drillers Add Rigs - U.S. energy firms this 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 two to 585 in the week ending April 17. Baker Hughes said oil rigs rose by one to 481 this week, while gas rigs gained one to 98. (Reuters)
POWER
Idaho Solar Plant Goes Online - Matrix Renewables (Madrid, Spain) and its partner rPlus Energies (Salt Lake City, Utah) have put their 200-megawatt Pleasant Valley Solar 1 park in Idaho online. The output of the solar farm is contracted to Meta Platforms Incorporated (NASDAQ:META) (Menlo Park, California). Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the project report. (Renewables Now)
NATURAL GAS
EIA: U.S. Natural Gas Output, Demand to Peak in 2032 - U.S. natural gas output and demand will both peak in 2032, the U.S. Energy Information Administration (EIA) said in its Annual Energy Outlook on Tuesday. The EIA projected that in 2032, dry gas production will reach 119.0 billion cubic feet per day (Bcf/d) and demand will reach 92.4 Bcf/d. That compares with current record highs of 103.6 Bcf/d in 2023 for output and 90.5 Bcf/d in 2024 for demand. (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).
