Daily News Energy Headlines from September 14, 2016

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

CRUDE OIL
U.S. Crude Stocks Unexpectedly Fall - The U.S. Energy Information Administration reports that U.S. crude stocks decreased by 559,000 barrels for the week ending September 9. Traders had expected an increase in supplies after the previous week's 14.5 million-barrel drop, which was caused by a lack of imports due to Tropical Storm Hermine. (Reuters)

Nigeria, Libya Gear Up for Resumed Crude Oil Exports - Libya and Nigeria are gearing up to resume oil production and exports of what could be more than 800,000 barrels a day of production in total. (Bloomberg)

POWER
AEP to Sell Four Power Plants for $2.17 Billion - American Electric Power Company Incorporated (NYSE:AEP) (AEP) (Columbus, Ohio) has agreed to a deal to sell four power plants in Ohio and Indiana to Blackstone Group LP and ArcLight Capital Partners LLC for $2.17 billion. (Bloomberg)

Industrial Info Tracks $2.5 Billion in Fourth-Quarter Wind Power Project Starts - Industrial Info is tracking more than $2.5 billion in wind power project starts that are set to kick off from September through December 2016. Many developers are racing to begin construction before the end of 2016 in order to obtain full value of the federal government's production tax credit (PTC), which provides $0.023 per kilowatt-hour of generation for facilities beginning construction this year, but begins phasing down in value for facilities that begin construction in 2017 or later. (IIR)

PRODUCTION
BP Favors Argentina Shale Over Permian Assets - BP plc (NYSE:BP) (London, England) would rather invest in Argentina's shale oil fields than in Texas's Permian Basin Chief Executive Officer Bob Dudley said in an interview with Bloomberg, adding that Permian assets are too costly for BP right now. (Bloomberg)

PIPELINES
Dakota Access Pipeline Construction Halted! ... Across 40 Miles, Temporarily- Last Friday, minutes after an injunction filed by the Standing Rock tribe was denied, the U.S. federal government stepped in and asked for another review of the federal permits for the 450,000-barrel-per-day (BBL/d) Dakota Access Pipeline, a project under the umbrella of Energy Transfer Partners (NYSE:ETP) (ETP) (Dallas, Texas). This has led to a call by the federal government for Dakota Access to voluntarily halt construction around federal lands, specifically for 20 miles east and west of Lake Oahe in North Dakota. (IIR)

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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. 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.