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Daily News Energy Headlines from November 10, 2016

Scan through a selection of energy-related news highlights that we think will interest our clients.

Released Friday, November 11, 2016

Daily News Energy Headlines from November 10, 2016

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

NATURAL GAS
U.S. Natural Gas Stockpiles at Record High
- The U.S. Energy Information Administration reports that U.S. natural gas supplies rose by 54 billion cubic feet for the week ending November 4, to 4.017 trillion cubic feet, the highest amount on record. (Reuters)

POWER
NextEra Commissions California Solar Facilities
- NextEra Energy Resources (NYSE:NEE) (Juno Beach, Florida) has commissioned two solar facilities in California with a combined generating capacity of 485 megawatts. The facilities are the Blythe and McCoy solar energy centers. (Projects 300155722, 300155722) (PR Newswire)

EARNINGS REPORTS
Energy Transfer Reports Lower Third-Quarter Earnings
- Energy Transfer Partners (NYSE:ETP) reported third-quarter net income of $138 million, down $255 million from the same quarter of 2015. The decrease was largely due to a $308 million non-cash impairment of the Partnership's investment in the Midcontinent Express Pipeline. (Business Wire)

Sunoco Logistics Reports Third-Quarter Earnings - Midstream company Sunoco Logistics Partners LP (NYSE:SXL) (Newtown Square, Pennsylvania) reported 3Q16 earnings of $154 million, compared $56 million for the prior-year period. (Business Wire)

FINANCIAL
ConocoPhillips Aims to Sell $8 in Gas Assets
- ConocoPhillips (NYSE:COP) (Houston, Texas), the largest U.S. independent oil producer, will sell up to $8 billion in natural gas assets and trim its capital budget by 4% next year to provide funds to bolster operations, executives said on Thursday. (Reuters)

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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. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at https://www.industrialinfo.com.
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