Daily News Energy Headlines from February 22, 2017

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

PIPELINES
TransCanada to Launch Flat Toll Open Season on Natural Gas Mainline - TransCanada Corporation (NYSE:TRP) said on Wednesday it plans to offer a flat toll on its Mainline system that takes natural gas from western Canada to southern Ontario, three months after shippers balked at the previous varied toll structure that they saw as too high. (Reuters)

EARNINGS REPORTS
HollyFrontier Reports Fourth-Quarter Income - Independent refiner HollyFrontier Corporation (NYSE:HFC) (Dallas, Texas) reported fourth-quarter 2016 net income of $53.2 million, compared to a net loss of $43.9 million in 4Q15. (Business Wire)

Sunoco Logistics Boosts Quarterly Income - Midstream company Sunoco Logistics Partners LP (NYSE:SXL) (Newtown Square, Pennsylvania) reported 4Q16 net earnings of $204 million compared to $25 million in 4Q15. (Business Wire)

FINANCIAL
Chesapeake Shifts Focus to Oil - This Bloomberg article discusses how Chesapeake Energy (NYSE:CHK) (Oklahoma City, Oklahoma) is shifting away from gas and focusing 60% of its 2017 budget on crude oil projects, mostly in South Texas, Oklahoma and Wyoming shale fields. (Bloomberg)

Reuters: Chinese Company to Buy Chevron's Bangladesh Gas Fields - China's state-run Zhenhua Oil has signed a preliminary deal with Chevron (NYSE:CVX) to buy the U.S. oil major's natural gas fields in Bangladesh that are worth about $2 billion, two Beijing-based Chinese oil told Reuters.

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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.