Latest on Oil

Crude futures ticked marginally higher in muted trading in Asia on Tuesday morning as the market remains optimistic ahead of a landmark effort by oil producers to reduce global supply.

Key Metric Likely Won't Reflect Oil Rally

An important accounting metric investors use to compare oil companies is unlikely to reflect recent rally as it relies on average historic oil prices.

Oil Producers Turn to Wind Power

European oil companies are taking a closer look at offshore wind projects, as construction costs drop and investor interest in renewables grows. Many have an advantage: experience drilling in punishing conditions at sea.

Halliburton Settles Securities Fraud Lawsuit

Halliburton Co. said it settled a 14-year-old securities fraud class action lawsuitthat had gone to the U.S. Supreme Court.

Brazil's Petrobras Plans to Claim Part of Odebrecht's Settlement

Brazilian oil company Petrobras plans to request part of the record anticorruption settlement that construction company Odebrecht signed earlier this week with Brazilian, U.S. and Swiss authorities.

Peabody Floats Plan to Cut $5 Billion in Debt

Peabody Energy has support from its senior lenders on a reorganization plan that would reduce its debt by more than $5 billion and see it exit bankruptcy in the spring.

U.S. Oil-Rig Count Rose by 13 in Latest Week -- Baker Hughes

The number of rigs drilling for oil in the U.S. rose by 13 in the past week to 523, according to oil-field services company Baker Hughes Inc.

SunEdison Has Settlement Offer From TerraForm Power

SunEdison Inc. Chief Executive John S. Dubel said Thursday that the renewable-energy company has received a settlement offer from spinoff TerraForm Power Inc., which claims its corporate parent caused it more than $1 billion in damages.

Shell Sells 20% Vivo Energy Stake to Vitol Africa for $250M

Royal Dutch Shell said it is selling its 20% stake in Vivo Energy to Vitol Africa B.V. for $250 million, in line with its strategy to concentrate downstream operations where it can be most competitive.

New Mexico Nuclear-Waste Plant Cleared for Reopening

Federal officials on Friday authorized the reopening Waste Isolation Pilot Plant near Carlsbad, N.M., which had been closed for nearly three years following a radiation accident.

Forbes Energy Services Plans to File for Chapter 11

Oil-field services company Forbes Energy Services expects to file for chapter 11 bankruptcy protection by Jan. 23 with a prepackaged plan.

(END) Dow Jones Newswires

December 27, 2016 04:15 ET (09:15 GMT)

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