Daily News Energy Headlines from March 14, 2016

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

LNG
FERC Rejects Jordan Cove LNG Export Project - The U.S. Federal Energy Regulatory Commission (FERC) has rejected Veresen Incorporated's (TSX:VSN) proposal to construct the Jordan Cove liquefied natural gas (LNG) export project in Oregon as well as an associated pipeline to supply gas to the facility that was to built by Williams Partners LP (NYSE:WPZ).

POWER
EIA: Total U.S. Energy Sales Fell in 2015 - The U.S. Energy Information Administration reports that total electricity sales in the U.S. fell 1.1% in 2015, marking the fifth annual decline in eight years. The agency pointed to a slowing rate of economic growth and increased efficiency of appliances and equipment as reasons for the decline in sales.

PRODUCTION
Eni Begins Production in Norway Arctic - Italy's Eni SpA (NYSE:E) (Rome) on Saturday began production at the 180 million-barrel Goliat field in Norway's Arctic region.

Iran Oil Production Climbs in February - OPEC reports that Iran increased crude oil production by 187,800 barrels in February to 3.13 million barrels per day, the largest monthly rise for the country since 1997.

FINANCIAL
Athabasca Oil Buckles Down on Capex as it Weathers Low Prices, Pins Hopes on Murphy JV - Like every other player in the Oil and Gas Production Industry, Canada's Athabasca Oil Corporation (Calgary, Alberta) has had to do some serious belt tightening as it strives to survive the harsh pricing environment. The producer of light and thermal oils originally targeted a capital budget of C$266 million ($351 million) for 2015. For this year, the targeted spend is C$91 million ($120 million).

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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.