News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

GE Agrees to Sell Industrial Unit to ABB for $2.6 Billion

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General Electric agreed to sell its industrial-solutions business to Switzerland's ABB., a sign that GE's new chief is moving ahead with efforts to streamline the industrial giant.

Brent Holds Gains as U.S. Crude Lags

Brent crude prices continued to march higher amid a growing market consensus that OPEC will likely extend its production-cut deal.

Natural Gas Poised to Light Up in China

Gas usage by the world's largest energy consumer has lagged the U.S. and other big economies for years. That is about to change.

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U.S.-Backed Forces Seize Conoco Gas Plant From Islamic State

U.S.-backed forces said they were advancing through eastern Syria after seizing the Conoco gas plant there from Islamic State, striking a blow to the terror group's dwindling finances, which rely heavily on its control of Syria's oil and gas fields.

Puerto Rico's Power Woes are Decades in the Making

As residents of Puerto Rico grapple with power outages across all of the island, the task of turning the lights back on falls to an electrical utility beset by rickety infrastructure, workforce reductions and deep financial woes.

China to Cut Oil Exports to North Korea

China said it will reduce oil exports to North Korea in accordance with United Nations sanctions, squeezing an important source of economic support as Pyongyang pushes to build up its nuclear arsenal.

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

The number of rigs drilling for oil in the U.S. fell by five in the past week to 744, according to oil-field services company Baker Hughes Inc.

Siemens, Alstom in Talks to Merge Rail Transportation Businesses

German industrial giant Siemens and French train-maker Alstom are in talks to create a European rail transportation powerhouse to better rival strong competition from China.

OPEC's 'Problem Children' Are Holding Down Oil Prices

Rising output in strife-torn Libya and Nigeria is threatening the cartel's bid to cut off oil supplies and balance the market.

Ocean Rig Implements Debt-for-Equity Restructuring

Offshore deepwater driller Ocean Rig UDW announced it has put into effect a restructuring plan that swaps debt for equity, severely paring down the stakes of existing stockholders.

(END) Dow Jones Newswires

September 25, 2017 07:15 ET (11:15 GMT)