Woodside Energy Group, ExxonMobil: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

NATURAL GAS
U.S. Sees Big Natural Gas Storage Build - The U.S. Energy Information Administration (EIA) said utilities added 111 billion cubic feet (Bcf) of gas to storage during the week ended October 14, substantially more than the year-ago weekly build of 91 Bcf and a five-year (2017-2021) average increase of 73 Bcf. It also was the fifth week in a row that stockpiles increased by more than 100 Bcf. (Reuters)

PRODUCTION
Australia's Woodside Raises Production Forecast - Woodside Energy Group Limited (NYSE:WDS) (Perth, Australia) raised its annual production outlook on Thursday after posting record revenue. The company became a top-10 global independent oil and gas producer after its merger with BHP's (NYSE:BHP) (Melbourne, Australia) petroleum arm was finalized this year, helping it double its output. The company now expects to produce between 153 million barrels of oil equivalent per day (boe/d) and 157 million boe/d over 2022, up from its July forecast of 145 million boe/d to 153 million boe/d. (Reuters)

REFINING
ExxonMobil Selling Montana Refinery - Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) on Thursday agreed to sell its Billings, Montana, refinery and related pipeline properties to Par Pacific Holdings Incorporated (NYSE:PARR) (Houston, Texas) for $310 million. The deal for the 63,000-barrel-per-day refinery is expected to close in the second quarter of 2023, ExxonMobil said in a statement. Subscribers to Industrial Info's Global Market Intelligence 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).