Daily News Energy Headlines from September 7, 2016

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

EVENT ANNOUNCEMENT
Industrial Info to Host Webinar on Asian Power Industry - Industrial Info Resources is pleased to be presenting a complimentary online webinar focusing on trends in the Asian Power Industry. The webinar will be held Thursday, September 15, 2016, at 9:00 a.m. CDT (10:00 a.m. EDT). (IIR)

PRODUCTION
Apache Announces New Discovery in Delaware Basin - Apache Corporation (NYSE:APA) (Houston, Texas) on Wednesday announced a major new oil and gas discovery in the southern Delaware Basin in Texas. The company estimates hydrocarbons in place on its acreage position are 75 trillion cubic feet of rich gas and 3 billion barrels of oil in the Barnett and Woodford formations. (Apache)

EIA Forecasts U.S. Crude Production to Fall Less Than Previously Expected - The U.S. Energy Information Administration reports that it expects 2016 U.S. crude production will fall by 650,000 barrels per day (BBL/d) to 8.77 million BBL/d, while 2017 crude output will fall by 260,000 BBL/d to 8.51 million. Previously, the EIA forecast a decline of 700,000 BBL/d to 8.73 million BBL/d in 2016 and a decline of 420,000 BBL/d to 8.31 million BBL/d in 2017. (Reuters)

Chamber of Commerce Paints Grim Picture if Fossil Fuels were 'Kept in the Ground' - The final stage of the U.S. presidential contest traditionally kicks off on Labor Day. With two months until Election Day, it is said, voters are now ready to begin thinking about their presidential choices. Games of "what if" are being played by both candidates' camps, and their voters, on a wide range of issues. The U.S. Chamber of Commerce is asking a very pointed "what if" question: What if all forms of energy production were banned on federal lands and waters? (IIR)

LNG
NextDecade Recieves DoE Permission to Export LNG to Countries with U.S. Free Trade Agreement - NextDecade LLC (The Woodlands, Texas) announced on Wednesday that it has received permission from the U.S. Department of Energy to export up to 27 million tons per year of liquefied natural gas (LNG) from its proposed Rio Grande LNG facility to countries with a free trade agreement with the U.S. (Project: 300186992, 300198653, 300198661, 300199084; Plant: 3134670) (Business Wire)

CRUDE OIL
U.S. Strategic Petroleum Reserve Needs Revamp - The Obama administration has sent Congress a plan to modernize the country's emergency oil reserve, a step that could set in motion a sale of about 8 million barrels from the stash to help pay for the revamp, the Energy Department said on Wednesday. Congress would need to approve a series of oil sales worth $2 billion from fiscal 2017 to 2020 to pay for the modernization. (Reuters)

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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 https://www.industrialinfo.com.