Oil Ends Higher in Tight-Range Trading

U.S. benchmark oil prices ended a modest 0.5% higher, getting a boost from a mid-session turn higher in U.S. stock markets that improved appetite for riskier assets such as crude and other commodities. 


 
Permian Tank, Goldman-Backed Oil-Industry Supplier, Files for Bankruptcy

The Odessa, Texas-based maker of storage tanks for energy exploration and production businesses sought protection from creditors Sunday in U.S. Bankruptcy Court in Wilmington, Del. 


 
Fracking Contractor BJ Services Slides Into Bankruptcy Wind-Down

TES Asset Acquisition, LLC, an affiliate of BJ Services' part-owner CSL Capital Management LP, has made an offer for some of the company's active fracking operations. 


 
Chevron Agrees to $5 Billion Takeover of Noble Energy

Chevron agreed to buy Noble Energy, in what would be the largest oil-patch tie-up since the coronavirus pandemic delivered a shock to the industry. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
ArcLight-Backed Shale Driller Bruin Seeks Chapter 11 Protection

Bruin E&P Partners LLC filed for bankruptcy protection with a prepackaged restructuring deal that hands nearly all equity interests to senior-most lenders, underscoring the depressed valuations across the U.S. energy sector. 


 
Stable Oil Prices End Week Little Changed

U.S. oil prices settled 0.4% lower and finished the week virtually flat, at $40.59 a barrel as bearish OPEC plans to raise production and a stalling of oil's demand recovery are being offset by declines in U.S. oil inventories. 


 
Exelon Unit to Pay $200 Million to Settle Illinois Bribe Case

Exelon's Commonwealth Edison unit agreed to pay a $200 million fine for a long-running bribery scheme in which the utility gave jobs and contracts to associates of Illinois House Speaker Michael Madigan, the U.S. attorney's office for the Northern District of Illinois said. 


 
U.S. Oil-Rig Count Falls by One in Latest Week, Baker Hughes Says

The number of rigs drilling for oil in the U.S. fell by one in the past week to 180, according to oil-field services company Baker Hughes. 


 
Norway's Aker Solutions, Kvaerner to Combine

Norwegian oil-and-gas specialists Aker and Kvaerner have agreed to merge, as they seek a stronger position within low-carbon production and renewable energy industries.