|Delayed - 11/24 07:02:26 am|
News Highlights: Top Energy News of the Day
|10/05/2020 | 11:16am|
U.S. Boosts Crude Sales to China, Forcing Saudis to Find Other Markets
The U.S. is quickly ramping up oil sales to China, the world's biggest importer, forcing traditional suppliers in the Mideast to look for new markets or hold on to their crude in an already oversupplied world.
Where Trump, Biden Stand on Climate and Energy Policy
The 2020 presidential election pits one candidate making climate change integral throughout his platform against another who dismisses its importance and pledges to keep pushing a deregulatory agenda.
Strike Shuts Down Equinor Fields
Norwegian oil-and-gas major Equinor said that four fields in the North Sea have been shut down due to a strike.
Bankrupt Fracker Sable Permian to Sell to Bank Lenders
Sable Permian Resources has agreed to sell itself to bank lenders, all but wiping out more than $700 million of debt held by secured bondholders.
Shale Companies Had Lousy Returns. Their CEOs Got Paid Anyway.
Some of the biggest raises in corporate America went to the executives in charge of U.S. shale companies, even as their shareholders lost billions of dollars.
U.S. Oil-Rig Count Rises by 6 in Latest Week
The number of rigs drilling for oil in the U.S. rose by six in the latest week to 189, according to oil-field services firm Baker Hughes, but remains dramatically lower than where it stood a year ago.
Sasol Sells Stake in U.S. Chemical Plant
Sasol said it will sell its 50% interest in the Lake Charles chemical complex in Louisiana to LyondellBasell for $2 billion, with the deal expected to complete before the end of the year.
Quantum Energy Makes Bold Fundraising Bet
The Houston firm is aiming to raise $5 billion for its latest flagship fund at one of the most difficult fundraising moments for energy managers in recent memory.
Shale Driller Lonestar Resources Files Prepackaged Chapter 11
Lonestar Resources US Inc. has become the latest shale driller tipped into bankruptcy during the coronavirus pandemic and will seek to implement a prenegotiated restructuring plan to trim about $390 million in debt and hand control to its bondholders.
Pandemic Pain Persists for Big Oil Companies
Major oil companies signaled they remain under extreme financial pressure and oil prices slid Thursday as demand for fossil fuels rebounds slowly after being crushed by the coronavirus pandemic.
(END) Dow Jones Newswires