News Highlights: Top Energy News of the Day

Features Dow Jones Newswires

Oil Gains as Pipeline Outage Continues

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Oil prices rose Tuesday morning, helped in part by the continuing outage of a North Sea pipeline and reports that Russia's largest oil company could envision continuing production curbs past 2018.

Georgia Utility Faces Key Nuclear Plant Vote

Days after Atlanta's airport blackout outage, which authorities say appears to have been caused by a fire in a piece of Georgia Power equipment, state utility regulators will decide the fate of a half-finished nuclear plant the company is building that is years behind schedule and billions over budget.

BHP Threatens Exit from Coal Lobby, Chamber of Commerce

BHP Billiton, the world's largest Western mining company, is threatening to leave the World Coal Association and U.S. Chamber of Commerce over disagreements on climate policy, the latest commodity firm to react to pressure on global warming.

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The Climate for Coal Just Got Even Chillier

BHP, the world's largest mining company, has announced that it may withdraw from the World Coal Association, citing disagreements about climate change. Better profits in coal in the past 18 months shouldn't distract investors from the increasingly clear writing on the wall for the black stuff.

Statoil Buys 25% Stake in Major Petrobras Oil Field

Norway's Statoil said it has agreed to buy a 25% stake in Brazil's Roncador oil field from Petroleo Brasileiro for up to $2.9 billion, nearly tripling Statoil's production in the country.

Why Refiners Are Expected to Give Their Tax Savings Right Back to Shareholders

U.S. fuel makers are poised to reap billions under a sweeping Republican overhaul of the tax code. But don't expect them to expand, go on a hiring binge, or lower prices at the pump.

OPEC's Strange Dilemma: Prices Rising Too High

OPEC is grappling with an unusual conundrum: Oil prices are going higher than it wants. A rise to $65 a barrel could undermine a fragile coalition of 24 oil-producing nations that says it is withholding almost 2% of global oil supply.

Tillerson Says North Korea Has to Stop Nuclear Tests Before Any Talks

U.S. Secretary of State Rex Tillerson told the Security Council that North Korea must "earn its way" back to the negotiating table by ceasing its nuclear tests, adding that the U.S. would accept no precondition for talks.

Elliott Preps for Possible Fight With Hess, Seeks CEO Ouster

Elliott Management Corp. is preparing for a possible tussle with Hess Corp., hoping to either remove John B. Hess as chief executive or push him to consider selling all or part of the energy company.

Cobalt International Energy Files for Bankruptcy

Cobalt International Energy filed for bankruptcy as it deals with the failed sale of operations in Angola and a prolonged downturn in the oil exploration and production industry.

(END) Dow Jones Newswires

December 19, 2017 11:15 ET (16:15 GMT)