PG&E, the parent company of the Pacific Gas & Electric utility unit, is expected to become a major player in the early warning camera expansion, CNBC has learned.
Saudi Arabia is loading fewer barrels on ships bound for the United States, a tactic the kingdom used last year to amplify the impact of coordinated production cuts with OPEC and Russia.
Oil rose on Friday on hopes that supply cuts will be agreed at OPEC's December meeting, but pulled back sharply from session highs.
Technician Louise Yamada believes crude will move even lower.
Efforts are underway to drive down cost of using renewable energy.
Saudi Arabia convinced oil producers to hike output ahead of tough U.S. sanctions on Iran, but the Trump administration ultimately allowed some of the Islamic Republic's biggest customers to keep importing its crude.
PG&E's stock has lost more than half its value as shareholders flee the utility amid concerns that its equipment may be partly responsible for the most destructive wildfire in California's history.
The Norwegian energy major makes investment in renewable energy business.
The new project will be in Vasternorrland, Sweden.
Oil prices rose for a second day on Thursday, but concern over the prospect of an oversupplied market next year remained in spite of OPEC's message that it may cut crude output.
Saudi Aramco may consider spinning off its growing downstream division, but it needs to complete its planned acquisition of a strategic stake in Saudi petrochemical maker SABIC first, strategists say.
The oil market is undergoing a stunning reversal as crude futures wipe out this year's gains after hitting their highest levels since 2014 just six weeks ago.
Brian Sullivan joins from Corpus Christi, Texas to report on liquefied natural gas exports and how the U.S. is planning to meet the demand.
Stephen Schork of The Schork Report says the counter-cyclical rally that was observed in the oil markets from the end of August through September "never made sense."
Some of the issues around the U.S. sanctions on Iran "may not come to fruition," says Sat Duhra of Janus Henderson Investors.
Climate change is dramatically impacting the planet and creating new business risks. So how are companies responding to mitigating environmental damage and ensuring long-term resiliency through increased use of digitization?
Vandana Hari of Vanda Insights says "all signs are pointing to" a likely cut in oil production of "at least a million barrels per day."
Oil rose on Wednesday on the growing prospect of OPEC and allied producers cutting output at a meeting next month to prop up the market.
The "worst is over" for the crude oil market, which had lost over a quarter of its value since early October, renowned energy trader Mark Fisher says.
PG&E shares plunged after the company said that if its equipment is responsible for the "Camp Fire," the cost of the damage would exceed its insurance coverage and harm its financial health.