Woodside, Chevron Agree to Asset Swap
Chevron and Woodside Energy agreed to an asset swap that they said will sharpen their focus on the massive LNG operations they each operate in Western Australia.
Oil prices settle higher with U.S. crude supplies down a 4th straight week
Oil futures on Wednesday posted their first gain in three sessions, with prices getting a lift from official U.S. data showing a fourth consecutive weekly decline in domestic crude inventories.
U.S. Crude Oil Stocks Fall Less Than Expected
U.S. crude-oil inventories fell for a fourth consecutive week, but the decline was smaller than analysts had forecast.
National Grid to Invest Up to $44.5 Billion in U.K. Electricity Transmission
The plan, which will nearly double the amount of energy that can be transported around the U.K., comes as energy utilities across Europe bet on a boom in demand amid rising electrification, industrial decarbonization, and AI applications.
The Firm That Wants to Power AI With Southern Yellow Pine
A U.K. electricity generator is winnowing U.S. sites for wood-burning power plants that pump their emissions underground.
Energy & Utilities Roundup: Market Talk
Find insight on oil prices, electric-vehicle and renewable-energy industries and more in the latest Market Talks covering Energy and Utilities.
Energy Stocks Are Dropping Because China's Slowdown Is Real
The International Energy Agency expects Chinese oil demand to grow by just 140,000 barrels a day in 2024, versus 1.4 million barrels in 2023.
U.K. Sanctions Firm at Center of Secret Russian Oil-Trading Network
The U.K. called the commodities trader a linchpin in Russia's oil market as it moved to step up pressure on Moscow ahead of possible peace talks with Ukraine.
Tech-Loving Hedge Funds Have a Crush on Utility Stocks
Old-school power companies have become darlings among hedge-fund firms thanks to their starring role in the artificial-intelligence boom.
Biden Administration Agrees to Record $15 Billion Loan to PG&E
The Energy Department loan would finance the California utility's efforts to upgrade the power grid and reduce emissions.
(END) Dow Jones Newswires
December 19, 2024 00:00 ET (05:00 GMT)
Copyright (c) 2024 Dow Jones & Company, Inc.
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