Oil Prices Surge Over 3% Toward Four-Month High
Oil futures headed sharply higher, pushing the U.S. and global contracts to around the highest levels since February as markets grow more positive about the world's ability to address the COVID-19 pandemic.
Supply Cuts Boost Canadian Oil Producers
Growing demand is pushing up prices for crude in Canada, helped by producers' cutbacks in the spring.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
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.
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.
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.
