Power
Daily News Energy Headlines from March 28, 2016
Scan through a selection of energy-related news highlights that we think will interest our clients.
Released Tuesday, March 29, 2016
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
FINANCIAL
Schlumberger-Cameron Merger Clears Final Hurdle - On Friday, the Chinese Ministry of Commerce approved oil field services company Schlumberger's (NYSE:SLB) takeover of oil equipment and technology provider Cameron International (NYSE:CAM), paving the way for the deal to be completed later this week.
POWER
DoE Pushes Through Clean Line Transmission Project - The U.S. Department of Energy (DoE) has used a 2005 statute to pave the way for the construction of the 705-mile Clean Line power transmission project from Oklahoma to Tennessee. The federal statute allows for construction of the project regardless of objections made by the states through which the line passes.
Scotland Shuts Last Coal-Fired Power Plant - Coal-fired power has come to an end in Scotland following the closure of the Longannet power plant in Fife after 46-years of service.
PRODUCTION
Israel's Leviathan Gas Field Could Face Delays After Court Ruling - The development of the Leviathan natural gas field off the coast of Israel could face delays after a ruling by Israel's supreme court bars the government from giving a 10-year guarantee to developers Noble Energy (NYSE:NBL) and Delek Group that it won't change the way it regulates the development in the Mediterranean.
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.
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