Daily News Energy Headlines from March 10, 2016

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

NATURAL GAS
EIA: Natural Gas Remains Well Above Five-Year Highs -The U.S. Energy Information Administration reports that U.S. natural gas supplies declined by 57 billion cubic feet (Bcf) for the week ending March 4 to 2,479 Bcf, well above the five-year historical range.

POWER
U.S. Power Industry to See Renewable, Natural Gas Growth through 2020 as Fortunes Turn from Coal - The U.S. Power Industry is expected to see a strong continued investment in renewables and natural gas over the next few years, with the transmission and distribution segment struggling to keep pace with development, according to Britt Burt, Industrial Info's Vice President of Global Power Industry Research.

FINANCIAL
TransCanada in Talks to Buy Columbia Pipeline Group - Sources tell Reuters that TransCanada Corporation (NYSE:TRP) (Calgary, Alberta) is in talks to purchase natural gas pipeline company Columbia Pipeline Group (NYSE:CPGX), although the two companies have failed to agree on a price. The news caused Columbia's share price to jump more than 14%. The purchase would expand TransCanada's footprint in the Marcellus and Utica region.

Anadarko to Cut 1,000 Jobs - Anadarko Petroleum Corporation (NYSE:APC) (The Woodlands, Texas) said Thursday that it will cut about 1,000 jobs, or 17% of its workforce, to cope with the downturn in oil and natural gas prices.

NGLs
Sunoco Logistics Exports Marcellus Shale Ethane - Sunoco Logistics Partners (NYSE:SXL) (Newton Square, Pennsylvania) made its first shipment of Marcellus Shale ethane from its Marcus Hook terminal on Wednesday. The 173,000-barrel cargo is being sent to a petrochemical plant in Norway.

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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.