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Home>News Highlights: Top Energy News of the Day

News Highlights: Top Energy News of the Day

News Highlights: Top Energy News of the Day

09/28/2017

 Origin Energy to Sell Lattice Unit 

Australia's Origin Energy Ltd. is selling its conventional oil and gas production business for $1.24 billion to slash debt and focus more on exports of chilled coal seam gas to Asia.

 Citibank Buys $2.17 Billion Toshiba Settlement From Owners of S.C. Nuclear Plant 

The owners of an unfinished nuclear power plant in South Carolina have agreed to sell at a discount their shares of a $2.17 billion settlement with Toshiba Corp., which agreed to cover costs for the project which was canceled over the summer.

 Analysts See Small Addition to U.S. Natural Gas Inventories 

Analysts expect government data scheduled for release Thursday to show that natural-gas stockpiles grew by 66 billion cubic feet, less than average for this time of year.

 Saudi Arabia Sells $12.5 Billion of Bonds 

Saudi Arabia sold $12.5 billion worth of bonds, the largest sovereign debt issue this year, as the kingdom taps the international markets again to bolster its finances hurt by lower oil prices.

 Oil Rises After U.S. Stockpiles Fall 

U.S. crude prices rose Wednesday after government data showed crude stockpiles fell but gasoline inventories grew last week.

 U.S. Oil Supplies Fall as Refinery Activity Accelerates 

Crude oil stockpiles fell by 1.8 million barrels to 471 million barrels for the week ended Sept. 22, and are still in the upper half of the average range for this time of year, the EIA said. Analysts surveyed had predicted crude supplies would rise by 2.1 million barrels on the week.

 Australia Backs Down From Limiting Gas Exports 

Australia's conservative government held back from imposing curbs on exports of liquefied natural gas after producers including Royal Dutch Shell agreed to put more gas into the domestic market to ease energy shortages.

 Alstom, Siemens Announce Merger to Create European Train Giant 

German industrial giant Siemens agreed to merge its rail operations with French train maker Alstom, aiming to create a European giant with the scale to fight growing competitive threats from state-backed Chinese rivals.

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