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Daily News Energy Headlines from November 2, 2017

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

Released Friday, November 03, 2017

Daily News Energy Headlines from November 2, 2017

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

EARNINGS REPORTS
Murphy Oil Reports Net Quarterly Loss
- Murphy Oil Corporation (NYSE:MUR) reported a third-quarter 2017 net loss of $65.9 million, compared with a net loss of $16.2 million in third-quarter 2016. (Business Wire)

Enterprise Products Net Profit Falls on Hurricane Harvey - Enterprise Products Partners L.P. (NYSE: EPD) announced third-quarter 2017 net earnings of $621 million, compared with $643 million in third-quarter 2016. The company reported a loss of $35 million from Hurricane Harvey. (Business Wire)

Occidental Swings to Third-Quarter Profit - Occidental Petroleum Corporation (NYSE:OXY) posted third-quarter 2017 net income of $190 million, compared with a loss of $241 million in the year-ago period. (Reuters)

PIPELINES
Enbridge Weighing Opportunities for Potential Capline Reversal
- Canada's Enbridge Incorporated (NYSE:ENB) is eyeing opportunities to expand its pipeline network if the proposed Capline pipeline reversal goes ahead, providing access to the eastern Gulf Coast refining market for Canadian oil, the company said on Thursday. (Reuters)

POWER
Building Renewables Becoming Cheaper Than Running Coal, Nukes
- This Bloomberg article discusses how building solar and wind farms has started to become a cheaper proposition than running aging coal and nuclear generators in parts of the U.S. (Bloomberg)

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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, 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.
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