Daily News Energy Headlines from June 29, 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 Sees Sixth Week of Drawdowns - The U.S. Energy Information Administration reported that U.S. crude stockpiles fell by 4.1 million barrels for the week ending June 24, more than analysts' expectations and the sixth consecutive week of drawdowns. The news helped raise the price of oil, which had fallen after the U.K.'s vote to exit the European Union.

FINANCIAL
Energy Transfer Officially Terminates Merger with Williams - On Wednesday, Energy Transfer Equity (NYSE:ETE) (Dallas, Texas) announced that it was officially terminating its proposed merger with pipeline institution The Williams Companies (NYSE:WMB) (Tulsa, Oklahoma).

CONSTRUCTION
SNC-Lavalin's 10 Top-Valued Projects Point to Growing Role in Major Nuclear, Hydropower Developments - SNC-Lavalin Constructors Incorporated (TSX:SNC) (Montreal, Quebec), a leading engineering, procurement and construction (EPC) firm, is enjoying a record backlog and a growing role in some of the West's most anticipated energy projects, despite the challenges of the collapse in oil prices. Industrial Info's project database is tracking 101 projects worth $120.10 billion that involve SNC-Lavalin in some role.

POWER
Panda Power Starts Up 829-MW Patriot Station in Pennsylvania - The 829-megawatt (MW) Patriot combined-cycle generating station, which is located in Montgomery, Pennsylvania, recently began commercial operations.

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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/.