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Daily News Energy Headlines from October 20, 2017

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

Released Monday, October 23, 2017

Daily News Energy Headlines from October 20, 2017

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

PRODUCTION
U.S. Oil Rig Count Falls
- The number of rigs drilling for oil in the U.S. fell by seven for the week ending October 20, to 736. (Reuters)

NATURAL GAS
U.S. Gas Traders Brace for Warm Winter
- Natural gas traders are facing the possibility of another mild U.S. winter. Temperatures from December through February will be above normal for much of the southern U.S., East Coast and Northeast, the U.S. Climate Prediction Center said in a report Thursday. (Bloomberg)

EARNINGS REPORTS
Schlumberger Profits Up in Third Quarter
- Oil field services company Schlumberger Limited (NYSE:SLB) reported third-quarter 2017 net income of $545 million, compared with $176 million in 3Q16. (Business Wire)

Baker Hughes Reports Net Loss for Quarter - Baker Hughes, a GE company (NYSE:BHGE) reported a net loss of $104 million for third-quarter 2017. (Business Wire)

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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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