Daily News Energy Headlines from April 11, 2016

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

PIPELINES
TransCanada Restarts Keystone Pipeline - TransCanada Corporation (NYSE:TRP) (Calgary, Alberta) began operating its Keystone crude oil pipeline once again on Sunday after the discovery of leak in South Dakota caused it to be shut down on April 2. The 590,000-barrel-per-day pipeline is operating at reduced rates.

LNG
Japan Spot LNG Price Falls in March - The spot price of liquefied natural gas (LNG) in Japan averaged $6.80 per million British thermal units in March, down 10 cents from February, and the lowest average monthly price since the government began reporting the data two years ago.

FINANCIAL
National-Oilwell Varco Slashes Dividend - In a statement issued on Monday, oil and gas drilling equipment National-Oilwell Varco (NYSE:NOV) (Houston, Texas) says it cut its quarterly dividend from 46 cents to 5 cents per share, which will save about $615 million a year in net cash flow, as demand from the company's customers continues to be low.

Chesapeake Uses Most of Assets as Debt Collateral - Chesapeake Energy Corporation (NYSE:CHK) (Oklahoma City, Oklahoma) pledged "substantially all of the company's assets, including mortgages encumbering 90 percent of all the company's proved oil and gas properties" as collateral to maintain a $4 billion line of credit, according to a regulatory filing on Monday.

POWER
U.S. to See Over $800 million in Planned Second-Quarter Power Outages -Planned maintenance outages are a fact of life for power plants, where a lot of money is spent to keep the lights on, among other things. Industrial Info is tracking no less than $807.6 million in U.S. power maintenance projects for the quarterly period that began on April 1.

Europe Faces Massive Nuclear Clean-up Bill - Europe is facing a bill of around 253 billion euro ($287 billion) for the decommissioning and cleanup of existing nuclear power plants, almost double what the European Union (EU) has budgeted.

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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 trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, five offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.