Daily News Energy Headlines from February 2, 2017

---

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

EARNINGS REPORTS
ConocoPhillips Narrows Loss - ConocoPhillips (NYSE:COP) (Houston, Texas) reported a net loss of $35 million for 4Q16, compared to a loss of $3.5 billion in 4Q15. (Business Wire)

PIPELINES
Williams Expands Pipeline for Sabine Pass LNG Facility - Williams Partners L.P. (NYSE: WPZ) announced Wednesday that it has successfully placed into service its Gulf Trace project, a 1.2 million-dekatherm-per-day expansion of the Transco pipeline system to serve the Cheniere Energy Partners, L.P. (NYSE: CQP) Sabine Pass Liquefaction export terminal in Cameron Parish, Louisiana. (Williams)

REFINING
Magellan to Take Legal Action Against Trafigura - Pipeline and terminal operator Magellan Midstream Partners (NYSE:MMP) said on Thursday it had started legal action against Trafigura after the commodity trader said it would terminate a contract to use Magellan's condensate splitter in Corpus Christi, Texas. (Reuters)

LNG
Dominion Resources' Cove Point LNG Plant 87% Complete - Dominion Resources' (NYSE: D) (Richmond, Virginia) Cove Point liquefied natural gas (LNG) project in Maryland, is 87% complete, while its 1,600-megawatt Greensville County Power Station project in Virginia is one time and on budget, executives with the energy provider said Wednesday. (IIR)

.....

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