Daily News Energy Headlines from September 23, 2016

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

PRODUCTION
Baker Hughes: U.S. Oil Rig Count Increases - Baker Hughes reports that the number of rigs drilling for oil in the U.S. increased by two for the week ending September 23 to 418. This marks the 12th week in 13 that oil drillers have added to the total number of rigs. (Business Insider)

CRUDE OIL
Oil Tumbles on Reports of No OPEC Output Freeze Deal - Oil prices tumbled about 4 percent on Friday on signs Saudi Arabia and Iran were making little progress in achieving preliminary agreement ahead of talks by major crude exporters next week aimed at freezing production. (Reuters)

FINANCIAL
Williams Sells Canadian Assets for C$1.38 - Williams Companies (NYSE:WMB) (Tulsa, Oklahoma) and Williams Partners (NYSE:WPZ) announced on Friday the completion of the sale of their Canadian businesses to Inter Pipeline Limited (TSX:IPL) (Calgary, Alberta). The combined cash proceeds amounted to C$1.38 billion between the partnership and company. (Business Wire)

Brookfield Group to Pay $5.2 Billion for Petrobras Gas Unit - Brookfield Asset Management Incorporated (Toronto, Ontario), Canada's largest alternative asset manager, and its partners agreed to buy a 90% stake in a Brazilian natural gas distribution network owned by Petroleo Brasileiro SA (NYSE:PBR) (Petrobras) (Rio de Janeiro, Brazil) for $5.2 billion. (Bloomberg)

Exxon Considers Norway Asset Sales - Sources tell Bloomberg that Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) is considering selling some of the oil fields it operates in Norway in a deal that could fetch more than $1 billion.

ENGIE Getting Out of Coal and Oil, Not LNG - French energy firm ENGIE (EPA:ENGI) (Paris, France) has denied recent reports that it plans to exit the liquefied natural gas (LNG) arena but has confirmed that it will be exiting the coal and oil sectors. (IIR)

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About Industrial Info
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