Phillips 66, Plains All American, Encana: 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.

PIPELINES
Red Oak Pipeline Announces Supplemental Open Season - Red Oak Pipeline, a joint venture of Phillips 66 (NYSE:PSX) and Plains All American Pipeline (NYSE:PAA), has announced a supplemental open season seeking additional crude transportation from Oklahoma to locations along the Texas Gulf Coast. (Projects 300500537, 300494940) (Business Wire)

FINANCIAL
Encana to Sell Oklahoma Natural Gas Assets - Encana Corporation (NYSE:ECA) has announced that it will its natural gas assets in Oklahoma's Arkoma Basin to an undisclosed buyer for $165 million. (PR Newswire)

REFINING
Philadelphia Refinery Closure to Reverse Two Years of U.S. Capacity Gains - The planned closing of an oil refinery in Philadelphia damaged by a massive fire last month will reverse nearly two years of capacity gains at U.S. refineries, according to a Reuters analysis of government data. The shutdown, which began last week and will continue through late August, will reduce overall U.S. refining capacity by about 2%, to 18.46 million barrels per day (BBL/d). U.S. refiners have been increasing capacity mostly through debottlenecking and other efficiency gains, even as some smaller plants were idled. The number of U.S. operating refineries last year fell by three to 132, while peak capacity increased by almost 204,000 BBL/d, the U.S. Energy Information Administration's' 2019 refinery capacity report said. (Plants 1008613, 1515039) (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, eight 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.