Venture Global LNG, Pioneer Natural Resources: 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.

CRUDE OIL
U.S. Crude Oil Stockpiles Rise - U.S. crude oil inventories rose by 3.5 million barrels to 442.9 million barrels in the week ending February 16, the U.S. Energy Information Administration (EIA) said on Thursday. Gasoline stocks fell by 294,000 barrels in the week to 247 million barrels, the EIA reported. Distillate stockpiles were down by 4 million barrels in the week to 121.7 million barrels. (Reuters)

LNG
FERC to Decide on Venture Global LNG Extension Decision in April - U.S. energy regulators on Friday said they would decide quickly on liquefied natural gas (LNG) developer Venture Global LNG's (Arlington, Virginia) request for a one-year extension to its construction permit for its Calcasieu Pass LNG plant in Louisiana. The company last week asked for an extension to complete construction on the LNG-export plant, or to receive assurances it did not need an extension. The Federal Energy Regulatory Commission (FERC) said it aims to issue an order on the company's request within 45 days. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for related reports. (Reuters)

PRODUCTION
Pioneer Natural Resources' 2023 Production Beats Guidance - Pioneer Natural Resources (NYSE:PXD) (Irving, Texas) on Thursday reported 2023 production that exceeded its prior forecast. The company said full-year total production averaged 715,000 barrels of oil equivalent per day (boe/d), ahead of its prior guidance of between 708,000 and 713,000 boe/d. (Reuters)

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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).