Daily News Energy Headlines from January 30, 2017

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

PIPELINES
Pipelines Seek Decisions Before FERC Changes - This Reuters article discusses how pipeline companies are seeking approvals for their projects by the U.S. Federal Energy Regulatory Commission (FERC) before former chairman Michael Bay leaves. When Bay leaves, only two of FERC's five commissioner slots will be filled and the agency will not be in a position to convene a quorum to issue new decisions until a new commissioner is appointed. (Reuters)

FINANCIAL
Chevron to Give CEO Fewer Stock Options - Oil and natural gas producer Chevron Corporation (NYSE:CVX) (San Ramon, California) said it would give its top executive fewer stock options after shareholders expressed concern about executive pay. (Reuters)

EARNINGS REPORTS
Enterprise Products Reports Earnings - Enterprise Products Partners (NYSE:EPD) (Houston, Texas) reported fourth-quarter 2016 net income of $670 million, compared to $694 million in the fourth quarter of 2015. (Enterprise)

CRUDE OIL
Oil Settles Down on U.S. Supply Concerns - Oil prices fell on Monday as news of another weekly increase in U.S. drilling activity had oil forecasters concerned that production cuts from other producing nations may not reduce the global supply glut as much as had been hoped. Global benchmark Brent crude oil prices settled down 29 cents at $55.23 a barrel, while U.S. crude futures settled down 54 cents at $52.63. (Reuters)

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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.