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News Highlights: Top Energy News of the Day

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01/20/2020 | 04:16pm EST
World Powers Agree to Back Cease-Fire in Lengthy Libyan Civil War 

International backers of the two main sides of the conflict in Libya agreed to support a cease-fire and uphold an embargo on the arms and financing that are fueling the nearly decadelong civil war.

Libyan Oil Output Collapses as Group Shuts Export Pipeline 

Allies of a renegade general have blocked a key oil-export pipeline in western Libya, forcing additional production cuts a day after a port blockade had already halved the country's output, the national oil company said.

U.S. Companies Fuel Europe's Green-Energy Push 

American companies are underwriting the European Union's ambitious climate goals, fueling the bloc's green-energy transition to renewable energy with power deals that cut emissions and costs.

Libya's Oil Output Halved by Port Blockade 

Oil operations that generate over half of Libya's production have been shut down after allies of a renegade general ordered the blockade of ports in the country's eastern region, officials in the North African nation said.

Oil Ends Flat As Demand Worries Persist 

U.S. oil prices ended virtually unchanged, rising a marginal 2 cents, or 0.03% leaving crude down 0.8% for the week amid lingering demand concerns.

U.S. Oil-Rig Count Rises by 14 -- Baker Hughes 

The number of rigs drilling for oil in the U.S. rose by 14 in the latest week to 673, according to oil-field services company Baker Hughes.

Schlumberger Plans U.S. Pullback as Shale Oil Drillers Struggle 

The world's largest oil-field services company, Schlumberger, is pulling back from the U.S. and focusing on international projects as a slowdown in shale drilling reverberates through the industry.

Talking Markets: Oil, Car Companies Lead List of Most Low-Carbon Patents 

An analysis of patents filings has shown that companies generally considered to be less environmentally friendly are the ones filing the most patents for low-carbon technologies, suggesting they could lead the way in green innovation, according to the company that carried out the analysis.

Private-Equity-Backed Venture Wins Auction for Bankrupt Alta Mesa 

Alta Mesa Resources Inc. selected a private-equity venture's $320 million bid as the winner at a chapter 11 auction for the oil and gas driller and its bankrupt pipeline and storage subsidiary, Kingfisher Midstream LLC.

Energy & Utilities Roundup: Market Talk 

The latest Market Talks covering Energy and Utilities.

Stocks mentioned in the article
ChangeLast1st jan.
BAKER HUGHES -0.45% 21.98 Delayed Quote.-14.24%
KINGFISHER PLC 2.45% 222 Delayed Quote.2.30%
LONDON BRENT OIL -0.90% 56.98 Delayed Quote.-14.45%
SCHLUMBERGER NV -0.72% 34.42 Delayed Quote.-14.38%
WTI -0.60% 51.62 Delayed Quote.-16.22%
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