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News Highlights : Top Energy News of the Day

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05/21/2019 | 11:16am EDT
Oil Prices Flat Despite Gains on Wall Street 

Oil prices were little changed despite a strong opening for stocks on Wall Street, as oil investors remained concerned over global trade spats and bloated U.S. inventories of crude oil.

PPG Says It Won't Break Up, Despite Pressure From Activist Investor 

PPG Industries won't split its units making building paints and industrial coatings, choosing to forge ahead as a unified company after facing pressure from an activist investor to maximize value in its disparate operations.

Fortum to Build Its First Large-Scale Wind Park in Finland 

Fortum will start constructing its first large-scale wind park in Finland this summer as part of its goal to increase its solar and wind power generation to a multi-gigawatt scale.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities

Judge Reins In Jay Alix's Bankruptcy Brawl With McKinsey 

In an opinion filed Friday with the U.S. Bankruptcy Court in Richmond, Va., Judge Kevin Huennekens dealt a setback to Mr. Alix, who has for years tried to sanction McKinsey for what he says were illegal disclosure practices in the 2015 bankruptcy of Alpha Natural Resources.

PG&E Finger-Pointing Is Counterproductive 

The bankrupt utility was found culpable for 2018 wildfires, but sharing blame is the only way to get ahead of the next big blaze.

Despite Mideast Tensions, OPEC Inches Closer to Maintaining Production Cuts Through 2019 

OPEC and its allies have been looking at a handful of scenarios as producers seek a balance between supply fears and a possible oil glut.

U.S. Oil Rig Count Falls to One-Year Low 

The number of rigs drilling for oil in the U.S. fell by three in the past week to 802, its lowest level since March 2018, according to oil-field services company Baker Hughes.

Singapore's GIC Takes Stake in WaterBridge at $2.8 Billion Valuation 

Singapore sovereign-wealth fund GIC has bought a stake in WaterBridge Resources in a deal that values the Houston-based handler of oil-drilling wastewater at $2.8 billion including debt.

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

Stocks mentioned in the article
ChangeLast1st jan.
VALUE8 -0.72% 5.52 Delayed Quote.17.30%
WTI -0.57% 53.87 Delayed Quote.15.99%
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