Limetree Bay Refining Gets Approval for $62 Million Bankruptcy Sale to New Buyers

Limetree Bay Refining received approval from a bankruptcy judge to sell its refining operations for $62 million to a pair of Caribbean oil companies that plan to restart the U.S. Virgin Islands-based refinery despite two bankruptcies in under 10 years and a long history of pollution. 


 
U.S. oil benchmark ends 3.7% higher as crude attempts to bounce back from omicron selloff

Oil futures end strongly higher Tuesday, taking back a chunk of a two-day plunge stoked by worries over the spread of the omicron variant and its potential toll on demand. 


 
U.S. Sees Russian Gas Pipeline as Leverage in Ukraine Crisis, but Needs German Help

The Biden administration wants assurances that Berlin won't let Nord Stream 2 start to operate during Moscow's military pressure campaign. 


 
Aker BP to Buy Lundin Energy's Oil and Gas Business for $13.8 Bln

Aker BP said it will buy the oil-and-gas business of Lundin Energy to create the largest listed oil-and-gas company focused purely on the Norwegian Continental Shelf. 


 
Battery Storage Soars on U.S. Electric Grid

Falling costs and green mandates are boosting demand for batteries capable of storing large amounts of wind and solar power for later use. 


 
Biden Administration Is Approving Big Solar Projects in California Desert

Three solar installations near Joshua Tree would generate enough electricity to power nearly 275,000 homes. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Nuclear Power Has a Second Chance to Prove Itself

Governments are reconsidering nuclear power, given its ability to provide predictable carbon-free energy. Fission, splitting atoms to release energy, was the wunderkind of the 1960s and 1970s, but fell from favor after disasters at Three Mile Island, Chernobyl and Fukushima. 


 
U.S. Raises Targets For Fuel Efficiency

The Biden administration raised fuel-efficiency standards for passenger cars and light-duty trucks, saying the new standards will reduce pollution and save consumers billions of dollars at the gas pump. 


 
Exxon's New CFO Takes On Debt Reduction, Spending Plans

The energy giant's CFO talked about debt, sustainability finance and potential new reporting requirements in her first interview since taking on the role.

(END) Dow Jones Newswires

12-22-21 0015ET