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News Highlights: Top Energy News of the Day

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02/11/2019 | 10:15 pm

Oil Falls to Two-Week Low on Stronger Dollar

Oil prices fell to a two-week low Monday due to a stronger dollar and simmering concerns that unresolved U.S.-China trade negotiations could hurt the global economy and reduce oil demand.

PG&E Board: No More Than Five Directors Will Run for Re-Election

At most, five of PG&E's current directors will be up for re-election at the annual shareholders meeting, the board said, as the utility looks to add more independent voices.

Antero Reaches Tentative Agreement Over West Virginia Fracking Discharges

Antero Resources has reached a tentative settlement to resolve a years-old federal investigation over discharges tied to its drilling in the gas-rich Marcellus Shale.

EQT Buys Gas-Compression Company From Stephens Group

Kodiak Gas Services LLC provides contract-compression equipment and related services to oil-and-gas producers. The company has a presence in several oil-and-gas regions in the U.S.

Vale Denied Having 'Upstream' Dams Ahead of Deadly Accident

Vale had denied owning the sort of mine-waste dam that collapsed last month and killed at least 150 people at one of its old mines in Brazil, underscoring the industry's reluctance to disclose information about such structures.

Tesla Is Cranking Out Model 3s-Now It Has to Service Them

Tesla Model 3 owners face unusually long waits for repairs, a drawback to being a customer of an upstart company that has built a coveted luxury brand but is still learning some of the basics.

Fighting Near Libya's Biggest Oil Field Keeps Production Shut Down

Military clashes near Libya's largest oil field have made conditions unsafe and production isn't likely to restart soon, the country's National Oil Corp. said.

U.S. Oil-Rig Count Rose by Seven in Latest Week

The number of rigs drilling for oil in the U.S. rose by seven in the past week, to 854, according to oil-field services company Baker Hughes.

SSE Warns on Earnings

SSE said earnings per share in 2019 will be lower than previously forecast, and said it's considering options for its SSE Energy Services business after the planned merger with Npower was scrapped.

Sasol Ups EPS Guidance

South Africa's Sasol raised its guidance on first-half earnings per share as a result of valuation adjustments.

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