Solar-Energy Supply Chain Depends on Region Where China Is Accused of Genocide
The solar industry is rethinking where to source critical materials in an effort to avoid any connection to alleged forced labor and human-rights abuses of Uyghur Muslims in Xinjiang.
Aramco Strikes $12.4 Billion Oil Pipeline Deal With EIG-Led Group
The move represents another far-reaching attempt to monetize Saudi Arabia's prodigious oil assets-once considered so strategic that even a minority stake sale seemed far-fetched.
Oil prices decline, with U.S. prices losing more than 3% for the week
Oil futures end lower on Friday, with concerns about growing supply and weakening appetite for energy, as global cases of COVID rise abroad, prompting prices to post a loss for the week.
U.S. Oil-Rig Count Flat in Latest Week, Baker Hughes Says
The number of rigs drilling for oil in the U.S. was flat in the latest week at 337, according to oil-field services company Baker Hughes.
Iran Releases South Korean Oil Tanker Seized Over Frozen Funds
Banks in South Korea blocked several billion dollars in 2019 to comply with U.S. sanctions restricting financial transactions with Iran.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
Texas Wind Farm Denied Protection From Citi Over $113 Million Storm Bill
A New York judge refused to issue an injunction protecting Stephens Ranch Wind Energy against the alleged risk of a takeover by Citigroup over a $113 million bill stemming from the winter storm that swept the state in February.
Argentine Power-Plant Owner Stoneway Files Bankruptcy Over Nearly $1 Billion Debt
Stoneway missed an interest payment on March 1, 2020, and soon after entered forbearance agreements with its creditors, according to a declaration filed in the U.S. Bankruptcy Court in New York by David Mack, Stoneway's sole director.
Harbour Energy Becomes London's New Oil & Gas Top Dog
Harbour Energy joined the ranks of the London Stock Exchange last week. With a market capitalization of nearly 4 billion pounds ($5.50 billion), the company formed from the merger of Premier Oil and Chrysaor is now the largest independent oil-and-gas group in the British exchange. Here is what you need to know about it:
Shell Warns Oil-Price Gains Partly Offset by Hit From Texas Freeze
Royal Dutch Shell said gains it made from higher oil prices in the first quarter would be partly offset by disruption related to the winter storm in Texas, knocking the energy giant's recovery from the pandemic.
(END) Dow Jones Newswires
04-12-21 0015ET
