News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

Oil Edges Down on Oversupply Concerns

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Oil futures edged down on Monday, on concerns about major oil producers' wavering commitment to output caps and ahead of a meeting of the Organization of the Petroleum Exporting Countries

Abu Dhabi National Oil Co. to Split Offshore Oil Concession

The United Arab Emirates' state energy company said it would split one of its most important offshore oil concessions and is in advanced talks with more than a dozen potential partners to improve its returns.

Libya's Largest Oil Field Temporary Shut-In After Armed Protest

Libya's largest oil field was shut late Sunday before pumping restarted Monday following an armed protest, a Libyan official said, underscoring the persistent instability of the country's oil production.

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A Gusher of Cash at Suncor

Canada's Suncor Energy is among the world's higher-cost producers of oil. By all rights it should have scaled back its ambitions during the last few difficult years. Instead, it did the opposite, buying out partners on the cheap and plowing ahead with projects that could pay off for decades.

Troubled Sheridan Production Energy Fund in Rescue Talks

Houston oil and gas investment firm Sheridan Production Partners is in talks to shore up a troubled $1.8 billion fund that is struggling under about $1 billion in debt, according to people familiar with the matter.

The Problem With Electric Cars? Not Enough Chargers

Most owners of electric vehicles charge them overnight at home, but a few companies are looking ahead to an era of rapid adoption-and building a charging-station infrastructure.

Energy Suppliers Find Fresh Lift From Offshore Wind

For energy-services companies, finding new revenue streams is crucial as oil and gas from onshore shale formations flood the market-and many suppliers are seeking to diversify into offshore wind.

Oil Price Forecasts Cut by Banks

Banks have cut their forecasts on Brent and U.S. oil prices for a third consecutive month, doubting that the recent fall in stockpiles will last.

U.S. Oil Rig Count Falls by One

The number of rigs drilling for oil in the U.S. fell by one in the past week to 765, according to oil-field services company Baker Hughes.

EU Sanctions Russians Connected to Transfer of Gas Turbines to Crimea

The European Union slapped sanctions on Russian officials and firms connected to the illegal transfer of gas turbines purchased to the annexed peninsula of Crimea.

(END) Dow Jones Newswires

August 07, 2017 11:15 ET (15:15 GMT)