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