Daily News Energy Headlines from March 23, 2017

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

PIPELINES
Keystone XL Permit to be Granted on Friday - The U.S. State Department will approve on Friday the permit needed to proceed with construction of the Canada-to-United States Keystone XL oil pipeline, a project blocked by former President Barack Obama, according to two government sources familiar with the process. (Reuters)

CRUDE OIL
Saudi Oil Exports to U.S. to Fall in March - Reuters reports that Saudi Arabia's crude exports to the United States in March will fall by around 300,000 barrels per day from February, in line with OPEC's agreement to reduce supply. (Reuters)

FINANCIAL
Oil Companies Downplay Trump's Changes in Regulations - As Trump's administration has said plans to slash environmental regulations will create a new U.S. energy boom, Reuters reports that the top U.S. oil and gas companies have been telling their shareholders that regulations have little impact on their business, according to a review of U.S. securities filings from the top producers. In annual reports to the U.S. Securities and Exchange Commission, 13 of the 15 biggest U.S. oil and gas producers said that compliance with current regulations is not impacting their operations or their financial condition. (Reuters)

LNG
Asia's LNG Companies Ban Together for More Flexible Contracts - The world's biggest liquefied natural gas (LNG) buyers, all in Asia, are clubbing together to secure more flexible supply contracts in a move which shifts power to importers from producers as oversupply grows. (Reuters)

EARNINGS REPORTS
China's CNOOC Reports Worst Results Since 2011 - China's offshore oil and gas producer CNOOC Limited reported its worst annual result since at least 2011, with revenue from its core oil and gas business tumbling 17% last year, but it expects to raise output 2017 as oil prices rebound. (Reuters)

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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.