Gazprom Offers Commitments in Bid to Close EU Antitrust Case

Russian energy company PAO Gazprom said it had sent its proposed commitments to the European Commission in a bid to assuage the regulator's charges of market abuse.

Linn Energy Equity Holders Seek Representation

Linn Energy's equity holders, a group that stands to be wiped out in the oil-and-gas company's restructuring, has asked a bankruptcy court to appoint an official committee to represent their interests.

Mexican Government to Bump Up Gasoline Prices in January

The maximum retail price of regular gasoline in Mexico will rise on average 14% as of Jan. 1, a widely expected move intended to incorporate higher oil prices and a weaker peso into the cost as Mexico moves to market-set prices for the fuel in 2017.Panasonic to Put $260 Million Into Plant Supplying Solar Cells to Tesla

Panasonic expects to invest more than $260 million in a Buffalo, N.Y., plant that will make photovoltaic cells and modules for Tesla Motors.

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 lawsuit that 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.

(END) Dow Jones Newswires

December 27, 2016 16:15 ET (21:15 GMT)

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