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Daily News Energy Headlines from September 15, 2016

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

Released Friday, September 16, 2016

Daily News Energy Headlines from September 15, 2016

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

REFINING
Refinery Margins Up on Colonial Gasoline Pipeline Shutdown
- The October 2016 gasoline crack spread, the differential between the price of crude oil and the petroleum products extracted from it, Thursday rose by the highest ever due to the continued shutdown of the 1.3 million-barrel-per day Colonial Pipeline after a 6,000-barrel spill last Friday. The line carries gasoline and distillates. BP plc's (NYSE:BP) (London, England) decision to shut the largest crude unit at its Whiting Refinery for unplanned work may be pushing prices even higher. (Plant: 1009213) (Bloomberg)

CRUDE OIL
U.S. Crude Oil Imports Rise by Most Since December 2014
- After avoiding the area due to Tropical Storm Hermine, crude imports to the Gulf rose 38% last week to 3.41 million barrels a day, after slumping to 2.48 million barrels, the lowest on record, the week before. (Bloomberg)

Crude Oil Snaps Two-Day Slide - Oil prices rose about 2% on Thursday as prices tracked a surge in gasoline futures, although oil remained down for the week, having slid about 6% in the previous two sessions. (Reuters)

FINANCIAL
Noble Midstream Shares Jump After IPO
- Shares of Noble Midstream Partners LP (NYSE:NBLX) (Houston, Texas), the master-limited partnership backed by Noble Energy Incorporated (NYSE:NBL) (Houston), jumped as much as 21% on Thursday after an initial public offering on Wednesday at $22.50 per share. (Bloomberg)

POWER
Amazon Invests in Texas Windfarm
- Amazon.com Incorporated (NASDAQ:AMZN) (Seattle, Washington) is teaming up with Chicago's Lincoln Clean Energy to build the 253-megawatt Amazon Wind Farm Texas west of Abilene in Scurry County, Texas. (Project 300289744) (Fuel Fix)

SunEdison Sells Major Wind, Solar Projects to NRG Energy After Bankruptcy - NRG Energy (NYSE:NRG) (Houston, Texas) will acquire bankrupt renewable-power developer SunEdison's (NYSE:SUNE) (Maryland Heights, Missouri) wind and solar projects in Texas and other states, following a $144 million bid at auction. Projects to be acquired span solar and wind projects in California, Hawaii, Maine, Texas, Utah and Washington, and total 2.1 gigawatts in capacity. (IIR)

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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. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
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