News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

Oil Falls on Rising U.S. Gas Supplies

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Oil prices edged down, partly in response to rising U.S. product inventories.

Move Over, Cushing: Houston Emerges as Oil Trading Hub

Houston has long been the capital of the U.S. energy industry. Now it is vying to be the center of global oil trading, as analysts say the Houston price better reflects market dynamics for U.S. crude than Cushing, Oklahoma.

Duke Energy Says Some Customers May Be Affected by Data Breach

Duke Energy Corp. said Tuesday some of its customers may have been affected by a data breach revealed by PayPal Holdings Inc. last week.

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Westinghouse Formulates Chapter 11 Exit Plan

Westinghouse Electric Co. said it has begun formulating a chapter 11 plan with creditors and anticipates filing the plan with the bankruptcy court by spring.

Ponderosa Energy Files for Chapter 11 Bankruptcy

Ponderosa Energy LLC says it was driven into bankruptcy by a "fraudulent" and "usurious predatory" lender that has tried to foreclose on its properties and that reneged on a deal to pay millions of dollars in rebates to the small oil-and-gas company.

Georgia Power Settles with Westinghouse

Georgia Power, a subsidiary of Southern Co., said it reached a settlement with Toshiba Corp.'s Westinghouse Electric unit to get all remaining payments from the bankrupt nuclear power company.

EnCap Amasses New $7 Billion Fund to Invest in the Oil Patch

Houston private-equity firm has finished raising one of the largest energy-focused funds of the year

Rio Tinto's New Chairman Needs Tech Savvy and Iron Discipline

Rio's choice as chairman-boardroom veteran Simon Thompson-will placate investors worried about a return to risky deal making. Driving growth, however, will be trickier.

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.

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.

(END) Dow Jones Newswires

December 06, 2017 11:15 ET (16:15 GMT)