Daily News Energy Headlines from May 9, 2016

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

PRODUCTION
Alberta Oil Sands Facilities Remain Offline - Oil sands production facilities remain shut in Alberta as wildfires continue. An estimated 1 million barrels of crude capacity has been taken offline in the region.

Oil Workers Evacuated from Nigeria - Oil producers, including Chevron (NYSE:CVX) (San Ramon, California) and Royal Dutch Shell (NYSE:RDS-A) (The Hague, Netherlands) are evacuating workers from the Niger Delta in Nigeria in the midst of increased violence against oil production facilities.

POWER
FGE Power to Construct Nearly 5,000 Megawatts of Generation Capacity in Texas - FGE Power (The Woodlands, Texas) has two large power projects in the works for the state of Texas, with a combined generation capacity of nearly 5,000 megawatts (MW). The bigger of the two is the Eagle Pines Energy Center in New Summerfield, Texas, which is the single largest power project planned for Texas, both in terms of cost ($2.9 billion) and generation capacity (3,400 MW).

REFINING
Valero Focuses on Refinery Growth in Texas, Louisiana - Petroleum refining giant Valero Energy Corporation (NYSE:VLO) (San Antonio, Texas) has two major Houston, Texas, projects in the works, with one set for startup in the second quarter of this year. Industrial Info is currently tracking 85 Valero projects worth $2.58 billion.

CRUDE OIL
Former Shell Leader: $80/BBL Oil Still Possible by End of Year - John Hofmeister is sticking to his guns. The former president of Shell Oil Company--the U.S.-based subsidiary Royal Dutch Shell plc (NYSE:RDS-A) (The Hague, Netherlands)--and founder of Citizens for Affordable Energy maintains oil prices could reach $80 per barrel by the end of this year or early next year.

EARNINGS REPORTS
Xcel Energy Earnings Increase for Quarter - Power utilities company Xcel Energy (NYSE:XEL) (Minneapolis, Minnesota) reported first-quarter net profit of $241 million, compared to $152 million in 1Q15.

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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.