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News Highlights: Top Energy News of the Day

09/29/2020 | 04:16am EST
EPA Raises Legal Questions About California Ban on Gas-Powered Cars 
 

The Environmental Protection Agency raised concerns about California Gov. Gavin Newsom's plan to ban sales of new gasoline and diesel-powered passenger cars in the state by 2035, arguing that the mandate is impractical and possibly illegal.

 
WTI Oil Ends Higher on Stimulus Hopes 
 

U.S. benchmark oil prices ended the session 0.9% higher at $40.60 a barrel, the highest closing price in more than a week as investors turn bullish amid rising hopes Washington lawmakers can come together to pass another stimulus deal over coronavirus.

 
Devon Energy, WPX to Merge in All-Stock Deal 
 

The combination of shale drillers would have a combined market value of about $6 billion and fortify them against the sharp drop in oil demand caused by the Covid-19 pandemic.

 
Energy & Utilities Roundup: Market Talk 
 

The latest Market Talks covering Energy and Utilities. Published exclusively on Dow Jones Newswires.

 
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.

 
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.

 
 

Stocks mentioned in the article
ChangeLast1st jan.
BAKER HUGHES COMPANY -1.93% 19.865 Delayed Quote.-20.95%
DEVON ENERGY CORPORATION -0.07% 15.275 Delayed Quote.-41.09%
FTS INTERNATIONAL, INC. 2.28% 17.905 Delayed Quote.-15.82%
LONDON BRENT OIL 2.13% 48.88 Delayed Quote.-30.61%
WTI 3.04% 46.085 Delayed Quote.-29.68%
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