News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

Sempra Energy Reaches Deal to Buy Oncor After Outbidding Berkshire

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Sempra Energy has reached a deal to buy Oncor for $9.45 billion after swooping in to snatch the power-transmission company away from Warren Buffett's Berkshire Hathaway Inc.

Old Oil Is New Again

As the costs of shale fracking rise, a growing number of small- and mid-sized oil firms from California to Oklahoma are forgoing expensive projects and opting for old-school wells instead.

U.S. Exports Gas to Europe, and Russia Aims to Counter

As the first shipment of American liquefied natural gas heads to Lithuania, Russian companies are lowering prices, changing sales methods and developing their own LNG facilities.

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Oil Rises on Refinery Outage, Weaker Dollar and Rig Drop

Oil prices vaulted higher after reports of a refinery outage kicked off a rally that continued throughout the afternoon as the dollar weakened and data showed a decline in the number of rigs drilling for oil in the U.S.

Mystery Bidder Emerges to Challenge Buffett for Oncor

Warren Buffett's battle for control of a Texas power company took a turn as a new mystery bidder emerged to challenge Berkshire Hathaway Inc.'s $9 billion offer.

U.S. Oil-Rig Count Falls by Five in Latest Week

The number of rigs drilling for oil in the U.S. fell by five in the past week to 763, according to oil-field services company Baker Hughes Inc., a unit of General Electric Co.

Power-Generation Company Calpine Agrees to Be Sold to Consortium

Private-equity firm Energy Capital Partners and a group of co-investors has agreed to buy power-generation company Calpine for $5.6 billion.

How Goldman Lost $100 Million on a Gas Bet Gone Wrong

Goldman lost more than $100 million in a wrong-way bet on regional natural-gas prices this spring, a setback that played a large role in the New York bank's subpar second-quarter trading performance.

Suniva Requests Bonus for Employee at Center of Tariff Case

Suniva is asking bankruptcy court permission to pay off an employee who the solar-cell manufacturer says is critical to winning the Trump administration's support for trade tariffs.

Henry Hub Emerges as Global Natural Gas Benchmark

The Henry Hub in Louisiana has for years been a benchmark for U.S. contracts. Now it is helping to set prices from Mozambique to Japan, as a wave of U.S. natural gas being unlocked by shale drillers reaches Europe, South America and Asia.

(END) Dow Jones Newswires

August 21, 2017 00:15 ET (04:15 GMT)