Daily News Energy Headlines from March 29, 2017

---

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

CRUDE OIL
U.S. Crude Stocks Grow, Distillate and Gasoline Down - U.S. crude inventories rose 867,000 barrels in the week ending March 24. Gasoline stocks fell 3.7 million barrels, while distillate stocks fell 2.5 million barrels. (Reuters)

FINANCIAL
Westinghouse Files for Bankruptcy - Westinghouse Electric Company, a unit of Japanese conglomerate Toshiba Corporation, filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction at the Vogtle and Summer nuclear plants in the U.S. Southeast. (Reuters) (Projects: 16001637, 17001442)

Exxon to Sell Norway Fields - Exxon Mobil Corporation (NYSE:XOM) has agreed to sell its operated upstream business in Norway to private equity firm HitecVision and oil company Point Resources for an undisclosed sum, it said on Wednesday. The deal means that the world's largest listed oil firm will no longer operate producing fields on the Norwegian continental shelf. (Reuters)

LNG
U.S. Set to Become NatGas Net Exporter in 2018 - By the end of next year, U.S. LNG export capacity in the lower 48 states will top 6 billion cubic feet per day, or 8% of the country's domestic consumption, up from zero at the beginning of 2016. (Reuters)

.....

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.