Top News
Hurricane Dorian's path puts southeastern US utilities in cross-hairs
The projected path of Hurricane Dorian threatened the coastal southeastern U.S. on Sept. 3. After pounding the Bahamas, the storm weakened to a Category 2.
Analysts mostly positive on Concho's plan to sell NM assets, repurchase stock
Concho Resources Inc.'s Sept. 3 announcement that it had reached an agreement to sell its New Mexico assets for $925 million and would initiate a $1.5 billion stock buyback program was met largely, but not entirely, by analyst approval.
Exxon falls from top 10 of S&P 500 for 1st time
For the first time ever, Exxon Mobil Corp. in August was removed as one of the top 10 companies by weight in the S&P 500 index, according to data released Aug. 30 by S&P Dow Jones Indices.
Wyo. state officials look to boost ailing Powder River Basin coal region
Wyoming state officials want to help promote the use of coal from the Powder River Basin as producers in the region struggle with weak domestic demand and few export opportunities.
Quoted
"The house is not on fire," said Nick Chaset, CEO of East Bay Community Energy, responding to concerns that community choice aggregators in California may not be purchasing enough capacity to provide sufficient reserves during periods of peak demand.
Power
* At a public hearing held ostensibly on recent blackouts in Consolidated Edison Co. of New York Inc.'s service territory in New York City, state lawmakers questioned the utility's rate hike request and expressed further doubt on whether the utility can continue supplying reliable power to the city.
* Democratic presidential candidates U.S. Sens. Elizabeth Warren and Cory Booker and former San Antonio Mayor Julián Castro unveiled multi trillion-dollar plans to address climate change. Warren, one of the top contenders, is committing to adopt Washington Gov. Jay Inslee's 10-year action plan to achieve 100% clean energy.
* Democratic presidential candidate Bernie Sanders wants federally owned power marketing administrations to help the U.S. transition to 100% renewable electricity by 2030, in part by building massive amounts of new wind and solar capacity.
* Ameren Missouri
* The Maine Public Advocate's Office recommended that the state Public Utilities Commission impose a $1 million civil penalty against Electricity Maine LLC and suspend its operating license for one year in order to "address the extensive misconduct" of the company in recent marketing efforts.
Natural gas
* A buyout offer from Blackstone Group Inc.'s infrastructure arm sent
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* Commonwealth LNG LLC said it expects to reach a final investment decision on its proposed 8.4-million-tonnes-per-annum LNG export terminal in the fourth quarter of 2020.
* Colorado's Adams County has voted to tighten oil and gas rules within its borders, becoming the first in the state to wield local authority to regulate industry activities as granted by the passage of Senate Bill 181, The Denver Post reported.
* Russia's PAO NOVATEK signed a memorandum of understanding with India's H-Energy Global Ltd.
Oil
* NuStar Energy LP completed three key pipeline projects that will expand its capacity to transport and export Permian crude oil and move refined products into Northern Mexico.
* In a per curiam decision, the U.S. Court of Appeals for the District of Columbia Circuit on Aug. 30 struck down a challenge to federal regulations making refineries the point of obligation for complying with biofuel blending mandates.
* Canada's Federal Court of Appeal is set to decide today on the fate of challenges against the Trans Mountain pipeline project, according to The Canadian Press.
* Crescent Point Energy Corp. entered into agreements to sell all of its Uinta Basin assets and some of its southeast Saskatchewan conventional assets for approximately C$912 million in cash.
* Saudi Arabian Oil Co. could finalize underwriters for its planned initial public offering as early as this week, Bloomberg News reported, citing people with knowledge of the matter.
* French oil major Total SA may be looking to invest up to $10 billion in the North Sea over the next five years, according to Reuters.
* BP North America Products Inc. has agreed to pay a civil penalty of $71,400 to settle Clean Water Act violations at its Peosta, Iowa, facility, the U.S. Environmental Protection Agency said in a news release.
* Phillips 66 Partners LP priced a $900 million offering of senior notes to repay indebtedness outstanding under its $400 million senior unsecured term loan facility, to repay or redeem the $300 million of its outstanding 2.646% senior notes due February 2020, and for general partnership purposes.
* Oil refiners continue to increase their investments in digital technologies, despite lower improvements in operating margins from those technologies, according to a new report from Accenture PLC.
Coal
* American Resources Corp. announced
* Several BHP Group shareholders urged the mining giant to suspend its membership in Australian coal lobby groups such as the Minerals Council of Australia and Coal21, as they contradict the company's pledges to cut emissions, Reuters reported Sept. 4.
ChartWatch

The value of U.S. interstate natural gas transportation and storage assets in 2018 saw its largest increase in years, but with pipe infrastructure beginning to catch up to production and fewer pipe projects moving through the federal regulator, the uptick is unlikely to be sustained.
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The day ahead
* Early morning futures indicators pointed to a higher opening for the U.S. equity markets. To view more SNL equity market indexes, click here. To view more SNL Energy commodities prices, click here.

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