News Highlights: Top Energy News of the Day

03/08/18 04:15 PM EST
Texas Regulators Approve Sempra's $9.45 Billion Oncor Buyout 

Texas regulators that killed two earlier deals for a major piece of the state's power infrastructure, Oncor, Thursday gave the nod to Sempra Energy's $9.45 billion deal for a majority stake.

Oil Slides After U.S. Stock Build, Record Output 

Oil prices resumed their slide on Thursday, under pressure from rising U.S. crude inventories and record domestic output and pulled lower by falling gasoline prices.

Hess Wins Peace With Activist Investor 

Hess said it would buy back an additional $1 billion in shares, heading off a potentially nasty proxy fight with activist hedge fund Elliott Management.

Iran's Oil Boom Is a No-Show 

Many international oil companies are staying on the sidelines as the Trump administration threatens to rip up the 2016 nuclear deal and reimpose sanctions.

GE Power, in Need of a Lift, Chases Tesla, Siemens in Batteries 

General Electric, after a slow start in electric-power storage, plans a new battery-storage platform for energy generated by wind turbines and solar panels.

Natural Gas Falls on Small Withdrawal From Stockpiles 

Natural-gas prices ended lower on Thursday, backing off a one-month high, as a smaller-than-usual withdrawal of gas from storage outweighed forecasts of cooler weather to come.

U.S. Crude Oil Inventories Increase 

U.S. inventories of crude oil increased by 2.4 million barrels for the week ended March 2, while fuel stockpiles declined, according to EIA data. Analysts had predicted crude supplies would climb by 2.3 million barrels.

Big Oil CEOs 'Not Losing Any Sleep' Over Peak Oil Demand 

The heads of some of the world's largest oil companies pushed back against predictions that demand for petroleum could erode in coming decades due to the rise of renewable energy and electric vehicles.

Maersk Ship Catches Fire in Arabian Sea; Four Crew Members Are Missing 

A Maersk container vessel is on fire in the Arabian Sea with four crew members missing, the Danish cargo shipping line said late Tuesday.

Shale Trailblazer Turns Skeptic on Soaring U.S. Oil Production 

One of the pioneers of the U.S. shale boom plans to deliver a surprising message at a major energy conference here this week: U.S. oil production won't keep growing as fast as the market seems to think.


(END) Dow Jones Newswires

March 08, 2018 16:15 ET (21:15 GMT)

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