Daily News Energy Headlines from September 9, 2015

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

CRUDE OIL
Brent, U.S. Crude Prices Fall on Supply Worries - Both Brent and WTI crude prices settled about 4% lower on Wednesday as traders expressed concern over high supply and low demand. WTI settled at $44.15 per barrel.

Expanding Crude Oil Pipeline Network Will Accommodate Future Production Gains and Shrink Discounts - Looking past current low prices for crude oil, Andy Lipow, president of Lipow Oil Associates LLC (Houston, Texas), took a longer-range view--to 2020--and predicted planned pipelines and outbound rail transport capacity will be more than enough to meet expected crude-oil production growth, resulting in narrower differentials. Speaking August 25 at the 27th Annual Rocky Mountain Summit, organized by the Colorado Oil & Gas Association (COGA) (Denver, Colorado), Lipow discussed projected crude-oil production growth and planned outbound pipeline investments for the West Texas, North Dakota and Colorado/Wyoming markets. Within this article: Impact of pipeline and crude-by-rail projects on oil price differentials.

PRODUCTION
Eni Plans to 'Fast-Track' Development of Egyptian Gas Field - Italy's Eni SpA (NYSE:E) (Rome) says that it plans to fast-track development of the enormous natural gas field recently discovered off the coast of Egypt, with plans to start production in 2017--two years before planned production of Israel's Leviathan natural gas field.

LNG
Europe LNG Imports Decline - LNG purchases by 10 European nations fell for a third consecutive month in August and were down 3.4% from August 2014, according to Genscape Incorporated. Meanwhile, the countries' purchases of Russian pipeline gas were up about 20% from the previous year.

POWER
U.S. Solar Installations Set for a Record 2015 - The Solar Energy Industries Association reports that developers installed 1.4 gigawatts of solar power in the U.S. in the second quarter of 2015, up 8.7% from 2Q14, and setting the U.S. on course for record solar installations this year.

PIPELINES
Price Tag Estimate for Constitution Natural Gas Pipeline Rises $50 Million - Piedmont Natural Gas (NYSE:PNY) (Charlotte, North Carolina) now expects the Constitution pipeline project to cost $925 million, up by $50 million from its previous estimate, company executives said Tuesday.

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