Daily News Energy Headlines from July 25, 2016

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

CRUDE OIL
U.S. Crude Hits Three-Month Low - U.S. crude oil hit a three-month low on Monday, as prices dipped more than 2% on concerns about the glut of crude oil and refined products hindering a rebalancing in the market.

POWER
Sempra Buys Michigan Windfarm - Sempra U.S. Gas & Power, a subsidiary of Sempra Energy (NYSE:SRE) (San Diego, California), has purchased the 100-megawatt Apple Blossom windfarm in Huron County, Michigan, from Geronimo Energy (Edina, Minnesota).

Belgium Loses Five Gas-Fired Power Plants - Five gas-fired power plants are to be closed in Belgium and Luxembourg as the country switches to more renewable energy and electricity demand falls.

PRODUCTION
Reuters: Mozambique Natural Gas Deal Could Approved in Months - Sources familiar with the matter tell Reuters that an offshore natural gas project between Mozambique and Italy's Eni SpA (NYSE:E) (Rome, Italy) could be approved within months, allowing Eni to make a final investment decision on the project October 31.

Husky Slashes Maintenance, Sustaining Capital, Reports Ramp Up at Sunrise Operations in Alberta Oil Sands - Husky Energy Incorporated (TSX:HSE) (Calgary, Alberta) says it has substantially reduced sustaining and maintenance capital requirements, even as the restarted Sunrise Energy Project in the Canadian oil sands continues to ramp up production and progress is seen on other projects. Industrial Info is tracking more than $12 billion in active Husky Energy projects.

PIPELINES
Kinder Morgan Slices $500 Million from 2016 Capital Budget, Keeps Profits Steady - Kinder Morgan Incorporated (NYSE:KMI) (Houston, Texas) reports that its growth capital forecast for 2016 is approximately $2.8 billion, a reduction of $500 million from its previous budget of $3.3 billion. Nevertheless, the North American energy infrastructure company continues moving onward with large-scale capital and planned maintenance projects. Industrial Info is currently tracking capital and maintenance projects involving Kinder Morgan valued at $22.1 billion.

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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/.