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News Highlights : Top Energy News of the Day

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05/17/2019 | 12:16am EDT
Drilling Company Hilltop Files for Chapter 11 Bankruptcy 

Hilltop Energy, a money-losing Texas oil and gas drilling company, filed for bankruptcy Thursday with a "prepackaged" plan that hands ownership to Dallas-based Rivershore Operating and bondholder J.P. Morgan Securities

Oil Rises Again on U.S.-Iran Tensions 

Oil prices increased for a third straight day as rising tensions between the U.S. and Iran fueled worries of a disruption to Middle East oil supplies and shipments.

PG&E Caused Fire That Killed 85, California Concludes 

State investigators said they found that PG&E's equipment sparked the deadliest wildfire in California history, putting additional pressure on a company already facing billions of dollars in potential liability costs.

Natural-Gas Prices Settle Higher Amid Declining Rig Count 

Natural-gas prices rose Thursday after a weekly inventory report met expectations and as the number of active gas rigs in the U.S. continues to decline slowly.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

Philips's Netherlands Uses Only Green Energy 

Koninklijke Philips said that all of its operations in the Netherlands are now powered by renewable energy, following its recent opening of a wind farm in the country's southwest.

Saudi Aramco faced record demand when it is issued its debut bonds. A month on, the debt has run into a rough patch.

California Governor Pushes to Limit PG&E's Bankruptcy Extension 

Gov. Gavin Newsom is asking a bankruptcy judge to cap the amount of time PG&E is allotted to steer a course out of bankruptcy without worrying about rival restructuring proposals.

U.S. Oil Inventories Unexpectedly Surge Higher 

U.S. inventories of crude oil unexpectedly increased last week, but gasoline stockpiles declined, according to data Wednesday by the Energy Information Administration.

U.S. Embassy in Iraq Orders Staff to Leave as Iran Tensions Rise 

The Trump administration ordered a partial withdrawal of its diplomats from Iraq on Wednesday, as Washington warned of heightened threats from Iran and Tehran-backed Shiite militias.

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