Daily News Energy Headlines from October 5, 2015

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

OIL & GAS PRODUCTION
Joint Venture to Construct Eagle Ford NGL Processing Plant - Targa Resources Partners (Houston, Texas) and Sanchez Oil & Gas Company (Houston) have formed a joint venture to construct a natural gas liquids (NGL) processing plant and pipelines in the Eagle Ford Shale.

Shell Starts Up 50,000-BBL/d Nigeria Expansion - Royal Dutch Shell plc (NYSE:RDS.A) (The Hague, Netherlands) started up the 50,000-barrel-per-day third phase of its Bonga field off the coast of Nigeria. Shell owns 55% of the project, Exxon Mobil (NYSE:XMO) (Irving, Texas) owns 20%, and Total SA (NYSE:TOT) (Paris, France) and Eni SpA (NYSE:E) (Rome, Italy) each own 12.5%.

FINANCIAL
Suncor Makes Offer for Canadian Oil Sands Ltd. - Suncor Energy Incorporated (NYSE:SU) (Calgary, Alberta) has made a formal, unsolicited offer to purchase Canadian Oil Sands Limited (Calgary) for about US$3.3 billion.

BP Files for $20.8 Billion Settlement - BP plc (NYSE:BP), Gulf Coast states and the U.S. Justice Department came a step closer to resolving disputes over the Deepwater Horizon disaster as a $20.8 billion settlement was announced on Monday.

CRUDE OIL
Saudi Aramco Cuts Oil Prices to Asia - Saudi Aramco (Dhahran, Saudi Arabia) reduced its selling price of Medium grade to Asia in November to $3.20 below benchmark pricing, compared to $1.30 below the benchmark in October.

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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.