Daily News Energy Headlines from November 17, 2017

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

PRODUCTION
U.S. Oil Rig Count Remains Unchanged - Baker Hughes reports that the number of rigs drilling for oil in the U.S. remained unchanged for the week ending November 17, holding steady at 738, compared with 471 a year ago. (Reuters)

Anadarko to Cut Spending Next Year - Anadarko Petroleum Corporation (NYSE:APC) says it will spend $4.2 billion to $4.6 billion in capital expenditures in 2018, compared with $4.5 billion to $4.7 billion this year. (Fuel Fix)

Suncor to Reduce Capital Spending in 2018 - Canadian energy giant Suncor Energy Incorporated (NYSE:SU) (Calgary, Alberta) has reduced its 2018 capital-spending outlay by roughly $588 million. Industrial Info is tracking nearly $33 billion in active Suncor oil sands projects, including $9.5 billion that are under construction.

POWER
SCE&G to Cut Rates After V.C. Summer Nuclear Plant Cancellation - South Carolina Electric & Gas Company (SCE&G), the main subsidiary of Scana Corporation (NYSE:SCG), said it will cut electricity rates to placate customers angered at having to bear the cost of the company's abandoned V.C. Summer nuclear project. SCE&G will roll back residential rates to where they would have been in March 2015, resulting in an immediate annual reduction to rates by about $90 million, or 3.5%, the company said. (Reuters)

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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, six offices in North America and 12 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.