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News Highlights : Top Energy News of the Day

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05/22/2019 | 07:16am EDT
Saudi Arabia Strikes Deal to Buy U.S. Natural Gas 
 

The kingdom has signed an initial agreement to purchase U.S. liquefied natural gas from Sempra Energy, a new strategic direction for Saudi Arabia it seeks to establish a footprint in the growing global market for the fuel.

 
Sasol Further Ups Cost Estimate for Troubled Project 
 

Sasol raised the cost estimate for its Lake Charles chemicals operation in Louisiana and launched an independent review into poor controls over the project.

 
U.S. Crude-Oil Stockpiles Likely to Fall in DOE Data, Analysts Say 
 

U.S. crude-oil stockpiles are expected to decline by 1.4 million barrels while gasoline stockpiles are expected to fall by 900,000 barrels -- in data due Wednesday from the Department of Energy, according to a survey of analysts and traders.

 
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.

Stocks mentioned in the article
ChangeLast1st jan.
VALUE8 0.00% 5.48 Delayed Quote.15.61%
WTI 0.14% 57.86 Delayed Quote.26.83%
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