Origin Energy Flags $1.67 Billion in Noncash Charges
Origin Energy Ltd. expects to log noncash charges totaling almost $1.67 billion after tax, tied in part to a weaker outlook for electricity prices.
Shell Second Quarter Net Profit Falls
Royal Dutch Shell on Thursday reported that its net profit fell in the second quarter from the immediately prior period, and launched a $2 billion buyback.
Oil prices extend rise to highest finish in over 2 weeks
Oil futures rise Thursday to mark another settlement at the highest in over two weeks, a day after the U.S. government revealed a weekly drawdown in domestic crude, gasoline and distillate inventories.
Natural Gas Rises After Bullish Storage Data
Natural gas prices finished 2.3% higher after the release of a weekly EIA storage report that was bullish compared to forecasts, but slightly bearish compared to averages.
Energy & Utilities Roundup: Market Talk
The latest Market Talks covering Energy and Utilities
Washington's Oil Lobby Pivoted on Climate Change-and Made No One Happy
The American Petroleum Institute's green makeover has been met with skepticism from friends and foes alike.
Glencore Probe Yields Charges Against Another Former Trader
A former Glencore trader pleaded guilty Monday to what prosecutors described as a conspiracy to pay millions of dollars in bribes to officials in Nigeria and elsewhere in exchange for favorable contracts with a state-owned oil company.
Texas Electricity Co-op Challenges Grid Operator on $1.9 Billion Storm Bill
The biggest electric power cooperative in Texas revived a fight over whether utilities and consumers should pay for billions of dollars in electricity charges imposed by state regulators during February's extreme winter storm.
Big Oil Companies Push Hydrogen as Green Alternative, but Obstacles Remain
BP, Shell and TotalEnergies are all pursuing multimillion-dollar hydrogen projects, often with government support, as they seek to redefine their future role in a world less reliant on fossil fuels.
Chevron Foe Steven Donziger Found Guilty of Contempt in Ecuador Saga
The ruling by a U.S. federal judge is the latest twist in a nearly 30-year battle that began as an attempt to prove the oil company caused environmental harm in Ecuador.
(END) Dow Jones Newswires