Energy Update

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SYDNEY, Dec 6 (Reuters) - Papua New Guinea's petroleum
minister on Tuesday played down threats of disruptions to
ExxonMobil's $19 billion PNG LNG project due to landowners being
unable to buy a stake in the project by the end of this year.

* Financials weighed as insurance regulator punishes Baoneng
Group unit

(Tue, 06 Dec 2016) U.S. crude oil production averaged 9.4 million barrels per day (b/d) in 2015, and it is forecast to average 8.9 million b/d in 2016 and 8.8 million b/d in 2017.

(Tue, 06 Dec 2016) Spectra Energy Corporation has almost completed the first two natural gas pipeline projects in New England since 2010. On November 1, Spectra placed part of the Algonquin Incremental Market (AIM) project into service, following the late-October approval from the Federal Energy Regulatory Commission (FERC). The remainder of the project is expected to be completed this month.

* Adani says will help, not hurt environment

(Adds more Adani comment, details)

SYDNEY, Dec 6 (Reuters) - Adani Enterprises' $16
billion Carmichael mine in Australia's Queensland state is "back
on track", with early construction work due to start in June or
July next year, Adani Australia chief executive Jeyakumar
Janakaraj said on Tuesday.

* OPEC's November production seen at record 34.19 million
bpd

MEXICO CITY, Dec 5 (Reuters) - Mexico on Monday auctioned
eight out of ten deep water oil and gas blocks up for grabs in
the Gulf of Mexico, and scored a joint venture for a major crude
field in the most hotly-anticipated round of the country's
energy opening so far.

SYDNEY, Dec 6 (Reuters) - Australia's top power and gas
retailer Origin Energy said on Tuesday it will spin off
its interests in conventional oil and gas fields in an initial
public offering expected to be worth at least A$1 billion ($750
million), helping it cut debt.

Delek Refining has selected Honeywell's new Industrial Internet of Things (IIoT)-based Connected Performance Services (CPS) offering to improve the performance of its refinery in Tyler, Texas.

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