Production
Daily News Energy Headlines from March 24, 2017
Scan through a selection of energy-related news highlights that we think will interest our clients.
Released Monday, March 27, 2017
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PRODUCTION
U.S. Oil Drillers Add Rigs - U.S. drillers added 21 oil rigs in the week to March 24, the biggest weekly increase since the week to January 20, bringing the total count up to 652, up from a six-year low of 316 in May, energy services firm Baker Hughes said on Friday. (Reuters)
PIPELINES
Keystone XL Pipeline Receives Presidential Approval - The U.S. Department of State has signed and issued a presidential permit to construct the Keystone XL crude oil pipeline, TransCanada Corporation (NYSE:TRP) (Calgary, Canada) said Friday. (IIR)
FINANCIAL
Energy Transfer's Exit From Williams Merger Upheld by Court - Energy Transfer Equity LP (NYSE:ETE) had the right to scuttle a merger with Williams Companies (NYSE:WMB), a Delaware appeals court ruled, setting the stage for a battle between the two rival pipeline giants over a $1.5 billion fee tied to the deal's termination. (Bloomberg)
Halliburton to Add U.S. Jobs With Increased Oilfield Activity - Halliburton Company (NYSE:HAL) on Friday said it's adding 2,000 U.S. jobs in the first quarter and ramping up activity faster than anticipated to try to match the surging oilfield activity, especially in West Texas. (Fuel Fix)
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. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
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