Daily News Energy Headlines from March 1, 2016

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

TOP NEWS
Anadarko to Sell $3 Billion in Assets, Reduces Capex -- Anadarko Petroleum Corporation (NYSE:APC) (The Woodlands, Texas) has announced plans to sell $3 billion in assets this year and announced that 2016 capital expenditures would be between $2.6 billion and $2.8 billion, almost 50% lower than 2015.

POWER
North Carolina Regulators Approve Duke Coal-to-Gas Switch -- North Carolina regulators have approved Duke Energy Corporation's (NYSE:DUK) plans to build two 280-megawatt (MW) natural gas-fired units at its Asheville station. The 376-MW coal-fired plant will be retired by 2020.

Solar, Wind, Natural Gas Make Up Most 2016 Power Additions -- The U.S. Energy Information Administration reports that electric generating facilities are expected to add more than 26 gigawatts of generating capacity in 2016, of which 93% will come from three resources: solar (9.5 gigawatts (GW)), natural gas (8.0 GW) and wind (6.8 GW).

PRODUCTION
U.S. Propane Exports Set Record December -- Data from the U.S. Energy Information Administration shows that U.S. propane exports averaged 751,000 barrels per day in December, setting monthly and annual records in 2016. This represented 14% of total hydrocarbon exports, which also broke a record. Crude oil exports accounted for 7.5% of hydrocarbon exports.

The Future of U.S. Energy Exports: Competing on Price and Transparency while Spurring Industrial Growth - Where it would seem counter-intuitive that the U.S. would be cost-competitive with foreign suppliers who can set their own prices and have lower labor costs, the U.S.'s engineering, procurement and construction (EPC) costs per ton-per-annum is lower than the vast majority of projects out of Australasia and Canada that have been approved from 2008 to the present. American export-oriented projects are not islands, and they will require periphery infrastructure and manufacturing in order to continue growing and maintaining a competitive edge.

CRUDE OIL
U.S. Oil Settles Up Nearly 2% on Tuesday -- U.S. crude futures settled up 65 cents on Tuesday at $34.40 per barrel, or about 1.93% as the stock market rallied. Crude prices have risen in seven of the past 12 sessions.

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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.