News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

Mexico's Pemex Says Oil Prices, Competition Kept Potential Partners Away

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Mexican state oil company Petróleos Mexicanos said Friday that moderate oil-price forecasts and competition from Brazil were partly to blame for the dearth of interest in teaming up on a deep-water project in the Gulf of Mexico.

Oil Prices Boosted by Chinese Crude Demand

Oil prices rose, supported by elevated geopolitical tensions and data showing an increase in Chinese crude imports.

U.S. Oil-Rig Count Rises in Latest Week

The number of rigs drilling for oil in the U.S. rose by two this week, to 751, Baker Hughes, a GE company, reported.

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Big Oil Backs Away From a Former Industry Darling

Angola was once a magnet for the world's biggest oil companies, drawing billions of dollars in investment from BP, Exxon Mobil and others. Now, foreign companies have all but given up on new ventures there.

Russia Skirts U.S. Sanctions With $27 Billion Arctic Gas Plant

Russia is launching Yamal LNG, a $27 billion Arctic gas project that is a symbol of its efforts to overcome Western sanctions and strengthen ties with China.

BASF Agree Oil-and-Gas Merger with DEA

Germany's BASF has agreed to merge its oil-and-gas subsidiaries with rival DEA.

Japan Missile Plans Put North Korean Bases Within Range

Japan plans to make its first purchase of missiles that could target North Korean military bases from long distance, a major military upgrade as a rising nuclear threat from Pyongyang sparks a regional arms race.

Mine the Gap: More Women Embrace Mining Careers

More women are heading to remote mines, as big companies diversify their workforces and technology transforms the industry. The payoff: Safer, more productive mines.

GE Cuts 18% of Jobs in Power Unit After Misjudging Demand

GE said it was cutting 12,000 jobs in its power business, or nearly 20% of the unit's workforce, as the conglomerate slashes costs and battles overcapacity in its core business.

Wall Street Tells Frackers to Stop Counting Barrels, Start Making Profits

The shale-oil revolution boosted production and made America the world's oil-and-gas champion. Now, shareholders are insisting producers stop counting barrels and start chasing higher returns.

(END) Dow Jones Newswires

December 08, 2017 16:15 ET (21:15 GMT)