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News Highlights : Top Energy News of the Day

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02/11/2019 | 11:16am EST
Oil Falls Toward Four-Week Low on Stronger Dollar 

Oil prices fell toward a four-week low due to a stronger dollar and simmering concerns over a U.S.-China trade fight that could hurt the global economy and reduce oil demand.

PG&E Board: No More Than Five Directors Will Run for Re-Election 

At most, five of PG&E's current directors will be up for re-election at the annual shareholders meeting, the board said, as the utility looks to add more independent voices.

EQT Buys Gas-Compression Company From Stephens Group 

Kodiak Gas Services LLC provides contract-compression equipment and related services to oil-and-gas producers. The company has a presence in several oil-and-gas regions in the U.S.

Vale Denied Having 'Upstream' Dams Ahead of Deadly Accident 

Vale had denied owning the sort of mine-waste dam that collapsed last month and killed at least 150 people at one of its old mines in Brazil, underscoring the industry's reluctance to disclose information about such structures.

Tesla Is Cranking Out Model 3s-Now It Has to Service Them 

Tesla Model 3 owners face unusually long waits for repairs, a drawback to being a customer of an upstart company that has built a coveted luxury brand but is still learning some of the basics.

Fighting Near Libya's Biggest Oil Field Keeps Production Shut Down 

Military clashes near Libya's largest oil field have made conditions unsafe and production isn't likely to restart soon, the country's National Oil Corp. said.

U.S. Oil-Rig Count Rose by Seven in Latest Week 

The number of rigs drilling for oil in the U.S. rose by seven in the past week, to 854, according to oil-field services company Baker Hughes.

SSE Warns on Earnings 

SSE said earnings per share in 2019 will be lower than previously forecast, and said it's considering options for its SSE Energy Services business after the planned merger with Npower was scrapped.

Sasol Ups EPS Guidance 

South Africa's Sasol raised its guidance on first-half earnings per share as a result of valuation adjustments.

Aker Posts Forecast-Beating Profit, Backs Guidance 

Aker Solutions posted a forecast-beating fourth-quarter net profit and backed its 2019 guidance as signs continued of an industry recovery.

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