Latest on Oil
Oil futures tumbled as the dollar rose and doubts about whether major producers will be able to follow through on an agreement to cut production continued to weigh on the market.
KKR to Buy SM Energy's South Texas Assets for $800 Million
SM Energy said it reached an agreement with a subsidiary of Venado Oil and Gas, LLC, an affiliate of KKR & Co., to sell the company's third party operated assets in the Eagle Ford drilling region in south Texas for $800 million.
Shell Seeks to Streamline in 2017
Shell helped sell investors on its $50 billion acquisition of BG Group by promising to unload $30 billion in assets. Executing these asset sales has become crucial for retaining shareholder confidence and reducing the company's mountain of debt.
Natural-Gas Producer EQT Corp. Is Urged to Pursue Merger With Rivals
An investor is urging natural-gas producer EQT Corp. to pursue a merger with rivals Antero Resources Corp. or Range Resources Corp. to create a stronger player in the shale regions of the northeast U.S.
Samson Resources Close to a Deal
Samson Resources has given junior creditors until Friday to stand down from a bankruptcy-court confrontation over the oil-and-gas company's future.
Marathon Petroleum to Accelerate Asset Drop-Down
Marathon Petroleum announced plans to accelerate drop-down deals and conduct a strategic review of its speedway assets, months after hedge fund Elliott Management raised concerns with the energy company.
Oil Firms That Sold Shares During Collapse Are Now Riding High
Energy companies that sold shares in the last two years to survive the vicious collapse in oil prices finished on top in 2016.
Oil Prices Have a Slippery Path Upward
Aftermore than two years of a crude glut that drove prices to decade lows, analysts and industry executives see supply and demand of oil rebalancing next year.
Cyberattacks Raise Alarm for U.S. Power Grid
Experts believe Russian hackers linked to the DNC breach are also behind attacks on utilities in Ukraine and U.S., leaving domestic power grid exposed.
How a U.S. Utility Got Hacked
Michigan utility paid $25,000 ransom to get back into its systems after hackers from overseas took over its computers
U.S. Oil-Rig Count Rose by Two in Latest Week
The number of rigs drilling for oil in the U.S. rose by two in the past week to 525, according to oil-field services company Baker Hughes.
(END) Dow Jones Newswires
January 03, 2017 16:15 ET (21:15 GMT)
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