Daily News Energy Headlines from July 20, 2017

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

CRUDE OIL
Brent Rises Above $50 for First Time Since June - On Thursday, Brent crude topped $50 a barrel for the first time since early June, before falling. (Reuters)

PIPELINES
Little Major Work Will Occur on Kinder Morgan's Trans Mountain Pipeline This Year - Little major construction will happen on Kinder Morgan Canada Limited's (TSX:KML) Trans Mountain pipeline expansion this year, although construction remains on schedule to begin in September, company President Ian Anderson said on Wednesday. (Projects 300106905, 300106905) (Reuters)

House Tries to Make It Easier for Cross-Border Pipelines - House Republicans moved to make it easier to build pipelines from Mexico or Canada, as they sought to prevent a repeat of President Barack Obama's drawn out rejection of the Keystone XL pipeline. The requirement for a presidential permit for pipelines that cross U.S. international borders would be eliminated under the legislation, which was approved by a vote of 254-175 in the House of Representatives. Senate approval is still required. (Bloomberg)

Mexico Conducts Open Season for Natural Gas Pipeline Capacity - As part of a series of ongoing energy reforms, Mexico's National Center for Natural Gas Control (CENAGAS) recently conducted the first open season to auction capacity rights on the country's natural gas pipeline grid. (EIA)

LNG
Philippines Shortlists Six Countries for LNG Hub - The Philippines has shortlisted six countries and will choose one from them as a partner for its planned $2 billion receiving and distribution facility for imported LNG, an official from the state-run energy firm PNOC said on Thursday. The countries that have been shortlisted are China, Japan, South Korea, Singapore, Indonesia and the United Arab Emirates. (Reuters)

TERMINALS
Aliso Canyon Storage Field Set to Reopen - Almost two years after the biggest gas leak in U.S. history sprung from a Sempra Energy (NYSE:SRE) natural gas storage field in Southern California, the state is ready for the complex to reopen. Sempra Energy's Aliso Canyon field near Los Angeles is safe to operate at about 28% of capacity, with the ability to store as much as 23.6 billion cubic feet, the state Division of Oil, Gas and Geothermal Resources and Public Utilities Commission said Wednesday. (Bloomberg)

EARNINGS REPORTS
Union Pacific Earnings Lifted by Coal Increase - Union Pacific Corporation (NYSE:UNP) reported a better-than-expected quarterly net profit on Thursday, driven by an 11% increase in freight revenue, and said it expected business volumes would pick up in the second half of the year. The company's second-quarter freight revenue included a 25% jump in coal. (Reuters)

FINANCIAL
Treasury Fines Exxon $2 Million for Russia Sanction Violations - The Treasury Department on Thursday leveled a $2 million civil fine against Exxon Mobil Corporation (NYSE:XOM) for violating sanctions against Russia three years ago, when Secretary of State Rex Tillerson led the Texas oil company. (Fuel Fix)

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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.