Centennial Steps Into Bigger League With Colgate Energy Deal

Publicly traded shale driller Centennial Resources is combining with private-equity-backed Colgate Energy to form a $7 billion business. 


 
Oil prices end with gains on concerns over tight supply

Oil futures erase early weakness to end with a small gain Friday, though upside appeared to be limited by a sharp stock-market selloff. 


 
Senior Executives Leave Russian Oil Giant Rosneft

The Russian state oil giant is losing several senior executives and board members, a brain drain that stands to weaken a prime driver of the country's economy while Moscow wages war on Ukraine. 


 
EDF Warns Hinkley Point Costs to Rise; Delays Start Date

EDF has delayed the start date of its Hinkley Point C nuclear plant in the U.K. by a year until June 2027 and said project costs could rise to GBP26 billion. 


 
Woodside CEO Says Ukraine War Stokes Interest in Sangomar JV Sale Process

The moves by some countries to stop buying crude oil from Russia following its invasion of Ukraine are invigorating efforts by Woodside Petroleum Ltd. to sell part of its equity in the Sangomar oil project in Senegal, the company's chief executive said. 


 
Energy & Utilities Roundup: Market Talk

The latest Market Talks covering Energy and Utilities 


 
Billionaire Likely to Sell AGL Stake if Demerger Goes Through

UPDATED: Billionaire Mike Cannon-Brookes would likely walk away from AGL Energy if he is unsuccessful in corralling a shareholder vote against a demerger of coal plants from its retail operations. 


 
Europe's Gas Buyers Defuse Standoff With Kremlin Over Ruble Payments

Some of Europe's biggest natural-gas utilities have agreed to new payment terms with Russia's Gazprom, defusing the threat of a sharp cutoff of Russian gas to the region after President Vladimir Putin demanded payment in rubles. 


 
Interior Secretary Declines to Commit to New Offshore Oil-and-Gas Lease Sales

Interior Secretary Deb Haaland said the agency would propose a new five-year offshore drilling program in June without specifying whether it would include sales of new leases. 


 
Europe Plots Solar Revival to Replace Russian Gas

Twice bitten, thrice shy-except when it comes to the now politically strategic solar industry, apparently.


(END) Dow Jones Newswires

05-23-22 0015ET