Daily News Energy Headlines from January 22, 2018

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

FINANCIAL
Biggest U.S. East Coast Refinery Files for Bankruptcy - Philadelphia Energy Solutions LLC, owner of an oil refinery that supplies more than a quarter of the U.S. east coast's crude refining capacity, filed for bankruptcy with a plan that could allow it to shed some environmental costs. (Bloomberg)

CORPORATE
Motiva Announces New President and CEO - Brian Coffman, former senior vice president of refining for Andeavor Corporation (NYSE:ANDV), has been named president and chief executive officer of Motiva Enterprises LLC. (Business Wire)

Hydro One, Avista Win FERC Approval to Merge into Utility with $1.5 Billion in Active Projects - The U.S. Federal Energy Regulatory Commission (FERC) last week approved the $5.3 billion merger of Hydro One Networks Incorporated (TSX:H) (Toronto, Ontario) and Avista Corporation (NYSE:AVA) (Spokane, Washington), paving the way for what could be one of North America's largest regulated utilities. The deal is expected to close in the second half of this year, assuming other federal and state-level authorizations are obtained. Industrial Info is tracking $1.48 billion in active projects involving Hydro One or Avista. (IIR)

EARNINGS REPORTS
Halliburton Quarterly Net Loss Widens - Halliburton Company (NYSE:HAL) reported a fourth-quarter 2017 net loss of $825 million, compared with a net loss of $153 million in fourth-quarter 2016. (Business Wire)

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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, six offices in North America and 12 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.