Daily News Energy Headlines from December 8, 2016

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

FINANCIAL
Chevron Announces Capital and Exploratory Budget for 2017 - Chevron Corporation (NYSE:CVX) (San Ramon, California) announced a capital and exploratory budget of $19.8 billion for 2017. The budget is approximately 15% lower than 2016's projected expenditures and 42% less than 2015's investments. (Business Wire)

Cenovus Outlines 2017 Budget, Will Resume Oil Sands Project - Canadian oil producer Cenovus Energy Incorporated (NYSE:CVE) (Calgary, Alberta) said on Thursday it planned to increase its 2017 capital budget by about 24% and will resume work on the expansion of its oil sands project in Christina Lake. (Projects: 56001661, 300109671) (Reuters)

POWER
Strong Gust of Wind Power Projects to Start in 2017 - Industrial Info is tracking $6.49 billion in wind power projects that are planned to kick off in the U.S. from January through March next year. (IIR)

PRODUCTION
U.S. Crude-By-Rail Shipments Continue to Sag - Crude-by-rail shipments on U.S. railroads for the third quarter of this year were down nearly 52% from the same quarter in 2015, the Association of American Railroads (AAR) said Wednesday. Even so, the association says it saw "glimmers of hope" in overall rail traffic levels for November. (IIR)

NATURAL GAS
California Could Feel NatGas Pains in Arctic Blast - This Bloomberg article discusses how, with SoCalGas' closure of the Aliso Canyon gas storage facility, California is much more dependent on natural gas flowing from the Midwest and other areas, which could make prices higher than usual when the weather turns cold in other parts of the country. (Bloomberg)

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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. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.