Daily News Energy Headlines from January 23, 2017

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

PRODUCTION
Canada's AltaGas to Build NatGas Processing Plant - AltaGas Limited (TSX:ALA) (Calgary, Alberta) said it will jointly build a natural gas processing plant and a natural gas liquids separation train with a privately held producer in the Montney shale play in western Canada. (Reuters)

BP Begins Pumping Oil for U.S. Gulf Expansion Project - A new subsea production system at one of BP's major oil fields in the Gulf of Mexico has begun collecting crude from a new well, the company said Monday. BP's effort to expand operations south in the deep-water Thunder Horse field, which it discovered in 1999, could eventually bring output up by 50,000 barrels of oil and gas equivalent per day there. (Fuel Fix)

EARNINGS REPORTS
Halliburton Net Loss Widens - Halliburton Company (NYSE:HAL) (Houston,Texas) reported a net loss of $149 million for fourth-quarter 2016, compared to a net loss of $28 million for 4Q15. (Business Wire)

CRUDE OIL
Phillips 66 to Buy Oil from U.S. Strategic Petroleum Reserve - U.S. refiner Phillips 66 (NYSE:PSX) (Houston, Texas) on Monday said it would buy crude from the U.S. Strategic Petroleum Reserve after submitting a winning bid in an auction held earlier this month by the U.S. Department of Energy. (Reuters)

Oil Falls on Uptick in U.S. Drilling - Oil prices fell 1% on Monday as signs of a strong recovery in U.S. drilling largely overshadowed news that OPEC and non-OPEC producers were on track to meet output reduction goals. (Reuters)

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About Industrial Info
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