U.S. Rig Count, Scrapped Pipeline Safety Standards: Your Daily Energy News

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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 Reduce Operating Rigs - U.S. energy firms last week cuts oil and natural gas rigs for the second time in three weeks, energy services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) said. The oil and gas rig count, an early indicator of future output, fell by two to 586 in the week ended August 16. Baker Hughes said oil rigs fell by two to 483 last week, while gas rigs rose by one to 98. (Reuters)

PIPELINES
U.S. Appeals Court Scraps Gas Pipeline Safety Standards - A U.S. appeals court on Friday tossed out several natural gas pipeline safety standards adopted by President Joe Biden's administration following industry criticism about the massive costs on pipeline operators. The U.S. Court of Appeals for the District of Columbia Circuit said the U.S. Department of Transportation's Pipeline and Hazardous Materials Safety Administration failed to adequately explain why the revised standards' benefits outweigh their costs. (Reuters)

POWER
Moldova Seeks Investments in Wind, Solar Projects - Moldova launched its first tender for wind and solar power plants on Friday as part of a push to reduce its reliance on Russian energy. "Opening up for investors to develop renewables is yet another critical step towards ensuring greater energy security for Moldova," Energy Minister Victor Parlicov said. "The development of renewables will empower us to produce our own energy, further solidifying Moldova's path to true energy independence." Moldova, one of Europe's poorest countries, was in "an incredibly vulnerable position" when Russia launched its invasion of neighboring Ukraine in February 2022, but worked hard to reduce its reliance on Russia, he said. (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).