News Highlights: Top Energy Stories of the Day

 
Oil Prices Bounce From Two-Month Low, but Sentiment Still Wobbly 
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Crude oil prices swung up in early Asia trade Friday following a strong selloff overnight after U.S. crude inventories showed a smaller draw than expected. (published 0224 GMT)

 
 
Savannah Petroleum Returns to Trading on AIM; Shares Jump -- Update 
 

Shares of Savannah Petroleum PLC jumped 52% in early trade Friday as the company returned to trading on the London Stock Exchange’s junior AIM market, after it raised $40 million through a share placing and ended reverse takeover talks. (published 0725 GMT)

 
 
Pantheon Resources Gets Ok for Fracture Stimulation at Texas Well 
 

Pantheon Resources PLC said Friday that it has been granted the permit to perform fracture stimulation test at the VOS No. 1 well located in Tyler County, Texas. (published 0643 GMT)

 
 
Huaneng Renewables Corp Expects 1H Net Profit to Rise Over 50% on Year 
 

Chinese energy firm Huaneng Renewables Corp. Ltd. said Friday it expects its first-half net profit to rise over 50% from a year earlier, thanks to the higher power generation and effective cost control. (published 0045 GMT)

 
 
The Persian Gulf's Huge New Export: Debt 
 

The energy-producing states of the Persian Gulf are issuing bonds at the fastest clip ever, showing how the oil bust is reshaping the region’s finances despite a near doubling of crude prices this year. (published 0005 GMT)

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