U.S. Report Allows Russian Pipeline Project to Proceed, for Now

The State Department in a report to Congress didn't name new companies as targets for sanctions related to the Nord Stream 2, allowing work on the pipeline to continue unabated for now. 


 
The Texas Freeze: Why the Power Grid Failed

The state's electricity system was considered a model. This week's outages revealed shortcomings in the market structure, including with incentives to producers. 


 
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 latest week to 305, according to oil-field services company Baker Hughes Co. 


 
Biden Looks to Step Up Federal Disaster Aid for Texas

President Biden said he would speed up federal aid to Texas, after a winter storm prompted a power and utility crisis that has left people lining up in the streets looking for ways to access safe drinking water. 


 
RWE Warns Texas Winter Storm to Hit Profits

RWE cautioned that its earnings in 2021 will be impacted by the extreme winter weather conditions in Texas, citing outages at the company's wind turbines as well as high prices for electricity. 


 
Eni Posts Modest Fourth-Quarter Profit

Eni booked a net loss of EUR8.56 billion for 2020, with results hit by the collapse of commodity prices and margins but the Italian oil-and-gas major posted an adjusted profit in the final quarter of EUR66 million. 


 
Shale Companies Re-Emerge at Slippery Time

Oil and gas producers coming out of bankruptcy could be tempted to grow aggressively again with today's higher prices if not scarred by several rocky years. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
ESG Insights - Texas's Grid Resilience is Under Scrutiny

This week, The Wall Street Journal's ESG research analysts looked at blackouts in Texas, corporate venture capital investing, social bonds and more. 


 
U.S. Natural Gas Shortage Hampers Blackout Recovery

Frozen oil and gas wells and pipeline infrastructure have reduced the fuel available to power plants as companies seek to restore electricity to millions this week.

(END) Dow Jones Newswires

02-22-21 0015ET