Daily News Energy Headlines from July 27, 2017

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

EARNINGS REPORTS
ConocoPhillips Widens Net Loss - ConocoPhillips (NYSE:COP) reported a second-quarter 2017 net loss of $3.4 billion, compared with a second-quarter 2016 loss of $1.1 billion. (Business Wire)

Suncor Ups Quarterly Profits - Suncor Energy (NYSE:SU) reported a net profit of C$435 million ($349.57 million) versus a loss of C$735 million during the same period a year earlier when wildfires in northern Alberta disrupted production. (Reuters)

CRUDE OIL
Shell: Oil Demand Could Peak by Late 2020s - The world's oil consumption could peak as early as the end of the next decade as electric vehicles become more popular, Royal Dutch Shell (NYSE:RDS.A) Chief Executive Ben van Beurden said on Thursday. (Reuters)

REFINING
Marathon Petroleum Processed Record Crude Volumes in Second Quarter - Marathon Petroleum Corporation (NYSE:MPC) processed a record 1.9 million barrels per day of crude oil at its seven U.S. refineries in the second quarter, fueled in part by robust refined product exports, the company's chief executive said on Thursday. (Reuters)

PIPELINES
TransCanada Seeks Additional Commitments for Keystone System - TransCanada Corporation (NYSE:TRP) launched an open season on Thursday for additional commitments for the transportation of crude oil on the Keystone pipeline system. (Reuters)

FINANCIAL
Energy Partners Holds Talks to Buy Calpine - Bloomberg reports that Energy Capital Partners, the private equity firm that owns the largest stake in power generator Dynegy Incorporated (NYSE:DYN), is now in advanced talks to buy its rival Calpine Corporation (NYSE:CPN), according to people familiar with the matter.

NATURAL GAS
Natural Gas for Power Use Falls Below Last Year - The U.S. Energy Information Administration reports that the amount of natural gas used for electricity generation in the U.S. from April 1 through July 25 averaged 27.1 billion cubic feet per day, or 7% lower than last year's consumption over the same period. (EIA)

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About IIR Energy
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.