S&P Global Market Intelligence editors' picks for the best stories for the week ended Oct. 18.
1. Oil, gas deal tracker: Big midstream move shakes up list of top M&A in 2019
Energy Transfer LP's proposed $5 billion acquisition of midstream crude oil operator SemGroup Corp. was the biggest M&A deal announced in September across the oil and gas industry, according to S&P Global Market Intelligence data, and it joins the list of the biggest deals of 2019.
2. High-profile push against gas infrastructure, exports adds fuel to anti-gas fire
A push in the U.S. Senate aimed at blocking energy infrastructure tied to natural gas exports presents a new concern for an industry already unsettled by a rising tide of anti-gas measures.
3. Met coal price hits bottom after recent fall, analyst predicts
The worst could be over for U.S. metallurgical coal producers as the global market may have hit bottom, at least for now, according to Seaport Global Securities LLC analyst Mark Levin.
4. Brexit diverting UK 'political firing power' away from climate change
The mammoth task of leaving the European Union is diverting U.K. government attention away from climate policy and slowing progress in achieving net-zero carbon emissions by 2050, it was argued at an energy sector conference in London on Oct. 15, which was hosted near the center of power in Westminster.
5. Calif. governor and regulators demand PG&E act to avoid future power disruptions
In response to a directive from Gov. Gavin Newsom, California's top utility regulator ordered Pacific Gas and Electric Co. to take multiple actions to ensure mistakes in its interactions with customers are not repeated in the aftermath of the utility's widespread proactive power shutoff to keep its equipment from starting wildfires.