Kinder Morgan, Venture Global, Iraq Oilfield Strikes: 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.

EARNINGS REPORTS
Kinder Morgan Reports Higher Second-Quarter Profit - Kinder Morgan Incorporated (Houston, Texas) posted a 24% rise in second-quarter profit on Wednesday, helped by higher volumes of natural gas transported through its pipelines. The company transported about 44,585 billion British thermal units per day (BBtu/d) of natural gas in the reported quarter, compared with 43,123 BBtu/d last year. Kinder Morgan's net income came in at $715 million for the three months ended June 30, compared with $575 million a year earlier. (Reuters)

LNG
Venture Global Signs LNG Supply Deal with Italy's Eni - Venture Global LNG (Arlington, Virginia) will supply 2 million metric tons a year of liquefied natural gas (LNG) to Italian state-controlled energy group Eni (Rome, Italy), the two companies said on Wednesday. Eni said the gas would come from Venture Global's Calcasieu Pass 2 (CP2) project, under development in Louisiana, starting from the end of the decade. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can learn more about CP2 by viewing the related project reports. (Reuters)

PRODUCTION
Drone Strikes Shut Iraq Oilfields - Drone attacks for a third day on oilfields in Iraq's semi-autonomous Kurdistan region have slashed crude output by 140,000 to 150,000 barrels per day, two energy officials said on Wednesday, as infrastructure damage forced multiple shutdowns. It was not immediately clear who was behind the attacks, and no group has claimed responsibility. (Reuters)

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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 commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).