Daily News Energy Headlines from February 27, 2017

---

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

CRUDE OIL
OPEC Cuts Awaken U.S. Shale Oil Production - OPEC's November 30 output agreement to cut production by 1.2 million barrels a day may have put a floor under the oil price, but has also awakened U.S. shale. Exploration and production companies have added 77 rigs this year to Feb. 24, according to the latest figures from Baker Hughes, while U.S shale production is forecast to reach about 4.87 million barrels a day in March, according to the Energy Information Administration's latest Drilling Productivity Report. (Bloomberg)

PRODUCTION
Bloomberg: Shell Unlikely to Pursue New Oil Sands Projects - While Shell's existing oil-sands operations generate strong cash flows, the expense of developing new projects discourages additional investments, Chief Executive Officer Ben Van Beurden said in an interview with Bloomberg.

FINANCIAL
TransCanada Considers Selling U.S. Pipeline Stakes to Fund Projects - TransCanada Corporation (NYSE:TRP) has offered to sell stakes in two U.S. natural gas pipelines to fund other projects including its recently purchased Columbia natural gas network, the Calgary-based company said on Monday. (Reuters)

POWER
EIA: 2016 Saw Largest U.S. Net Power Increase Since 2011 - The U.S. Energy Information Administration reports that more than 27 gigawatts (GW) of electricity generating capacity was added to the U.S. power grid during 2016, the largest amount of added capacity since 2012. These additions more than offset the retirement of roughly 12 GW of capacity, resulting in a net capacity gain of nearly 15 GW, the largest change since 2011. (EIA)

.....

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.