Daily News Energy Headlines from July 10, 2017

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

PRODUCTION
Baker Hughes: Worldwide Rig Counts Up - Baker Hughes announced that worldwide rig counts for the month of June were 2,041, compared to 1,935 in May and 1,407 in June 2016. (Business Wire)

Saudi Aramco CEO: World May be Headed for Oil Shortage - The world might be heading for an oil supply shortage following a steep drop in investments and a lack of fresh conventional discoveries, Saudi Aramco's chief executive said on Monday. (Reuters)

Mexico's Pemex Expects Large 'Farm Out' Year in 2018 - Mexico's Pemex anticipates a very active "farm-out" season next year that would allow the state-run oil company to gain capital for major offshore and onshore projects, Chief Executive Jose Antonio Gonzalez Anaya told Reuters on Monday. (Reuters)

Halliburton Hires 100 People a Month to Keep Up with West Texas Fracking Demand - Halliburton has hired about 100 new workers each month this year to keep up with surging demand for fracking in West Texas, a sharp turnaround after the job-killing oil bust. (Fuel Fix)

CRUDE OIL
India Buys U.S. Crude for First Time - India, the world's third-largest oil importer, will import crude oil from the United States for the first time after Indian Oil Corporation bought a cargo that will be delivered in October. (Reuters)

Libya, Nigeria Production Caps May Not Fix Oil Glut - This Bloomberg article discusses how a proposal that Libya and Nigeria could have to accept limits on their crude production probably wouldn't be enough to put OPEC's faltering efforts to eliminate a global supply glut back on track. (Bloomberg)

LNG
Veresen Shows Optimism for Jordan Cove LNG Project by Selecting EPC Contractor - Jordan Cove LNG, a subsidiary of Veresen Incorporated (TSX:VSN) (Calgary, Alberta), has selected KBJ as the engineering, procurement and construction (EPC) contractor for the Jordan Cove liquefied natural gas (LNG) project in Coos Bay, Oregon. (IIR)

FINANCIAL
Shell to Spend $1 Billion on Clean Energy by 2020 - Royal Dutch Shell plc (NYSE:RDS-A) plans to spend as much as $1 billion a year by 2020 on its New Energies division as the transition toward renewable power and electric cars accelerates. (Bloomberg)

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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.