Daily News Energy Headlines from October 2, 2015

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

PRODUCTION
U.S. Firms Cut Oil Rigs for Fifth Week - Baker Hughes reports that for the week ending October 2, the number of rigs drilling for oil in the U.S. declined by 26 to 614. This is the fifth straight week of rig declines and the largest weekly decline since April.

PIPELINES
Construction Begins on West Texas Crude Gathering Pipeline - Oryx Midstream Services (Midland, Texas) says that it has begun construction on a new crude oil gathering pipeline in the southern Delaware Basin in Texas. The project includes 300 miles of gathering line and 100 of transport line.

Phillips 66's Bayou Bridge Pipeline Seeks Customers for $300 Million Second Phase, as First Begins to Wrap Up - Bayou Bridge Pipeline LLC is looking for customers. The crude-oil pipeline, which runs from Nederland, Texas, to Louisiana's booming refining markets on the Gulf Coast, recently launched a binding expansion open season to assess customer interest in its transportation services.

Odebrect Lines Up Loans for Peru Pipeline - Odebrecht (Rio de Janeiro, Brazil) says that it has lined up more than $4 billion of loans for work on Peru's Southern Gas Pipeline, which will carry approximately 500 million cubic feet per day of natural gas to Peru's southern coast.

FINANCIAL
Oil Tanker Rates More Than $100,000 per Day on Strong China Bookings - Oil supertankers are earning more than $100,000 per day to transport their product due to tight demand, much of which seems to be coming from Chinese bookings to collect oil from areas such as the Middle East and West Africa.

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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.