Daily News Energy Headlines from April 15, 2016

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

POWER
NTE Energy to Develop Three Combined-Cycle Plants - NTE Energy LLC (St. Augustine, Florida) has announced plans to develop three natural gas-fired combined-cycle power plants in Connecticut, North Carolina (500 megawatts each) and Ohio (1,000 megawatts).

TransCanada Ends Coal-fired PPAs as Alberta Targets Coal Plants for Closure - TransCanada Corporation (NYSE:TRP) (Calgary, Alberta) last month terminated three power-purchase agreements (PPAs) with coal-fired power plants in Calgary following that province's decision last November to phase out coal-fired power generation by 2030. The PPAs totaled about 1,678 megawatts.

PRODUCTION
U.S. Oil Drillers Cut More Rigs - The number of rigs drilling for oil in the U.S. declined by 3 to 351 for the week ending April 15, according to Baker Hughes. This compares to 734 oil rigs operating in the U.S. during the same period last year.

EIA: U.S. Natural Gas Production at Record High in 2015 - According to the U.S. Energy Information Administration, U.S. natural gas production in 2015 reached an average of 79 billion cubic feet per day in 2015, setting a new production record.

FINANCIAL
Goodrich Petroleum Files for Bankruptcy - Houston-based Goodrich Petroleum Corporation on Friday filed for Chapter 11 bankruptcy protection, listing $507 million in debts and $99 million in assets.

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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.