Daily News Energy Headlines from October 6, 2015

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

FINANCIAL
Freeport-McMoRan Looks to Separate Oil & Gas Business - Under pressure from activist investor Carl Icahn, Freeport-McMoRan Incorporated (NYSE:FCX) (Phoenix, Arizona) is considering spinning off its oil and gas business from its traditional mining operations.

CRUDE OIL
Oil Settles More Than 4% Higher on Monday - Both Brent and WTI settled more than $2 per barrel higher on Tuesday as the U.S. Energy Information Administration forecast tighter oil supplies in the coming year and OPEC said that a more than 20% decline in global oil investments would lower production.

PRODUCTION
UAE Gas Project Hits Full Capacity - The Shah gas project in the United Arab Emirates has reached full capacity and will process 1 billion cubic feet per day (bcf/d) of sour gas into 0.5 bcf/d of usable gas.

LNG
LNG Importers Leverage Power in Low-Price Market - Low spot prices for liquefied natural gas (LNG) are causing importers to seek more flexible long-term contracts. Major utilities in Asia have said they will refuse to sign contracts restricting resale options, while others are seeking contracts that delink LNG prices from oil prices in favor of pricing at regional gas hubs. The spot price of LNG is currently $6.60 per million British thermal units, down from $10.10 at the start of the year and $20.50 in February 2014.

PIPELINES
Columbia Gas Opens East Side Pipeline for Business, Continues Work on $1.6 Billion in Projects - Columbia Gas Transmission LLC (Houston, Texas), a subsidiary of Columbia Pipeline Group Incorporated and Columbia Pipeline Partners LP, recently placed into service the East Side Expansion (ESE) natural gas pipeline project in Pennsylvania and New Jersey.

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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, 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.