Duke Energy, Texas NGL Pipeline, U.S. Oil Stocks: Your Daily Energy News

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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. Oil Supplies Fall - U.S. crude stocks declined by 4.62 million barrels for the week ending March 30, according to the U.S. Energy Information Administration. Gasoline inventories fell by 1.1 million barrels. (Bloomberg)

PIPELINES
First Phase of Texas NGL Pipeline Begins Operation - EPIC Y Grade Pipeline LP has announced that first phase of a planned natural gas liquids (NGL) pipeline from the Permian Basin to Corpus Christi, Texas, has begun operations. Phase Two is currently under construction with an expected in-service date of June 2018. Phase Three is expected to be complete in the second half of 2019. When complete, the EPIC NGL pipeline will have a throughput capacity of 350,000 barrels per day with multiple origin points in the Delaware and Midland basins. (Project 300389706) (Digital Journal)

CORPORATE
Cyberattack Affects Utilities - A cyberattack that hobbled the operations of at least four natural gas pipeline companies starting late last week also triggered changes within the utility industry. Duke Energy Corporation (NYSE:DUK) said it first learned about the attack on March 30. At least four U.S. pipeline companies have said their electronic communications systems have shut over the past few days, with three confirming the service disruptions were caused by a cyberattack. Energy Transfer Partners LP (NYSE:ETP), Boardwalk Pipeline Partners LP (NYSE:BWP), and Chesapeake Utilities Corp.'s Eastern Shore Natural Gas were among the companies affected by outages, while Oneok Incorporated (NYSE:OKE) said it disabled its system as a precaution. (Bloomberg)

PRODUCTION
More Than $10.4 Billion in U.S. Oil & Gas Production Projects on Track to Be Completed in First-Half 2018 - Industrial Info is tracking $10.44 billion in Oil & Gas Production projects that are planned for completion in the U.S. in the first half of 2018. The U.S. Southwest market region, which includes the Permian Basin of Texas, leads in terms of project value. (IIR)

TERMINALS
Underground Natural Gas Capacity Slow to Grow in U.S. - New underground natural gas storage capacity has shown little growth in the Lower 48 states in recent years, according to the U.S. Energy Information Administration (EIA), but projects being tracked by Industrial Info could help to change the situation. (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, six offices in North America and 12 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.