News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

Rio Tinto Names Simon Thompson as New Chairman

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Rio Tinto has turned to Simon Thompson, a boardroom veteran with mining-industry experience under his belt, to succeed Jan du Plessis as chairman from next year.

Oil Jumps After OPEC Output Extension

Oil prices rose after the Organization of the Petroleum Exporting Countries and other big producers agreed to continue limiting their output for an additional nine months.

Shell Strikes Deal to Develop Vast Australian Coal-Seam Gas Fields

Royal Dutch Shell has moved to unleash a massive natural-gas resource buried in coal deposits in eastern Australia in a development that will see fuel flow to its majority owned liquefied natural gas venture on the country's tropical coast.

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Maersk Oil Gets Green Light For $3.2 Billion Tyra Field Redevelopment

Maersk Oil has been given the go-ahead to fully redevelop the Tyra gas field in the Danish North Sea.

OPEC Agrees to Limit Oil Output Through 2018

OPEC and a Russia-led group of big-oil producers agreed to keep limiting their output through the end of 2018, as they seek to provide assurance for an oil industry still working through a fragile recovery.

Icahn Considers Board Fight at SandRidge Energy

Investor Carl Icahn is venting his anger with SandRidge Energy a week after becoming its biggest shareholder and contemplating steps to overturn the company's board.

Power Shift: How Natural Gas and Renewables Dethroned King Coal

For decades, burning coal was mainly how power companies generated the electricity to cool homes, run factories, and brighten streets. But coal has faded, and natural gas last year passed it as the leading source of electricity in the U.S.

Top Oil Officials Are Detained in Venezuela for Alleged Corruption

Intelligence officers detained two former top ministers for alleged corruption in Venezuela, as President Nicolas Maduro consolidates power ahead of a reelection campaign.

Electricity Prices Plummet as Gas and Wind Gain Traction

The rapid rise of wind and natural gas as sources of electricity is roiling U.S. power markets, forcing more companies to close older generating plants.

Why the Oil Recovery Is About More Than OPEC Cuts

Nearly a year into an OPEC-led agreement to curb global oil production, crude prices have risen to their highest levels since 2015. But prices have also been lifted by rising global demand and geopolitical risks.

(END) Dow Jones Newswires

December 04, 2017 04:15 ET (09:15 GMT)