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WTI

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News Highlights: Top Energy News of the Day

09/28/2020 | 12:16am EST
Devon Energy, WPX in Talks to Merge 
 

The companies are in talks to combine, according to people familiar with the matter, in a move that could help the energy companies weather a prolonged industry slump.

 
Oil Falls 2.1% for Week 
 

U.S. benchmark oil prices ended the session little changed in a choppy, range-bound session that was driven largely by moves in U.S. stock markets and the dollar.

 
U.S. Oil-Rig Count Rises by 4 in Latest Week, Baker Hughes Says 
 

The number of rigs drilling for oil in the U.S. rose by four in the past week to 183, according to oil-field services company Baker Hughes. The week's count was lower by 530 from the year-ago period.

 
With Electric-Car Target, California Is Going to Need a Bigger Grid 
 

Converting all passenger cars and trucks to run on electricity in California could raise power demand by as much as 25%. That poses a major challenge for a state already facing periodic rolling blackouts as it rapidly transitions to renewable energy.

 
Energy & Utilities Roundup: Market Talk 
 

The latest Market Talks covering Energy and Utilities

 
Noble Settles Multibillion-Dollar Suit Over Paragon Spinoff 
 

The London-based operator of offshore oil-and-gas drilling rigs has settled multibillion-dollar litigation over its 2014 spinoff of Paragon Offshore, a critical step in Noble's path to exiting bankruptcy.

 
Peak Oil Is Already Shifting Markets 
 

The prospect of falling demand for crude oil could unleash a long-term scramble between rival producer nations.

 
Fracker Extraction Oil Greased the Political Skids in Colorado 
 

In the two years before it went bankrupt in June, Extraction Oil & Gas funneled more than $10 million into political donations, most of it aimed at quashing a movement that threatened its business of forcing oil and gas out of the Colorado bedrock.

 
Fracking-Services Company FTS International Files for Bankruptcy 
 

Texas-based FTS International filed for bankruptcy protection after reaching an agreement with creditors on a debt-for-equity swap following a downturn in the energy sector and lower demand for its services.

 
Hot Oil Field Was Desperate for Pipelines. Now It Has Too Many. 
 

The Southwest's Permian Basin has become a headache for pipeline operators with the pandemic damping oil demand after they had added capacity.

 
 

Stocks mentioned in the article
ChangeLast1st jan.
BAKER HUGHES COMPANY 3.81% 20.42 Delayed Quote.-20.33%
DEVON ENERGY CORPORATION 3.45% 15.31 Delayed Quote.-41.05%
FTS INTERNATIONAL, INC. -0.98% 18.27 Delayed Quote.-11.30%
LONDON BRENT OIL 1.74% 49.66 Delayed Quote.-28.42%
WTI 1.62% 46.425 Delayed Quote.-28.04%
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