(Newpoint Gas, 14.Apr.2021) — Newpoint Gas, LLC, and Brooks Energy Company announce Escalante H2 Power, a technology collaboration that converts retired coal-fired power plants (CFPP) to use blue/green hydrogen as fuel with three precedent-setting results. In upcycling the retired generation station, Escalante H2 Power achieves (1) net zero emissions dispatchable […]
Category: North America
North America energy
Talos Reports Good Results At Puma West
(Talos, 13.Apr.2021) — Talos Energy Inc., along with affiliates of bp plc and Chevron U.S.A. Inc. (collectively, the “Co-Owners”) today announced successful drilling results from the Puma West exploration project located in the U.S. Gulf of Mexico Green Canyon Block 821. The Puma West well was drilled to a total […]
APA Names New Senior Exploration VP
(APA Corp., 12.Apr.2021) — APA Corporation today announced Tracey K. Henderson has been appointed Senior Vice President, Exploration. Henderson joins APA from Kosmos Energy, where she served as Chief Exploration Officer. While at Kosmos, she contributed to the discovery of the Jubilee Field offshore Ghana, one of the largest oil […]
Fitch Revises Citgo’s Outlook To Stable
(Fitch Ratings, 8.Apr.2021) — Fitch Ratings affirmed the Long-Term Issuer Default Rating (IDR) of CITGO Petroleum (Opco) at ‘B’ and CITGO Holding (Holdco) at ‘CCC+’, Opco’s senior secured term loans, notes, and industrial revenue bonds at ‘BB’/’RR1’, and Holdco’s senior secured term loans and bonds at ‘B+’/’RR1’. Fitch withdrew the […]
Double Eagle Announces $6.4bn Divestiture in the Midland Basin
(Double Eagle, 5.Apr.2021) — Double Eagle III Midco 2 LLC, wholly owned by DoublePoint Energy, LLC, announced that it has entered into a definitive purchase agreement to sell all leasehold interests, subsidiaries and related assets to Pioneer Natural Resources Company (NYSE:PXD). This transaction is valued at approximately $6.4bn as of […]
Aris Gold Announces 2020 Financial Results
(Aris Gold, 31.Mar.2021) — Aris Gold Corporation announces fourth quarter (Q4) and full year 2020 financial results from its wholly owned Marmato mine in Colombia. The company’s 2020 Management’s Discussion and Analysis (MD&A) and Financial Statements have been filed under the company’s profile on SEDAR at www.sedar.com and are available […]
AEP Energy And Opdenergy To Provide 100% Clean Energy
(AEP Energy, 31.Mar.2021) — AEP Energy, a subsidiary of American Electric Power, signed an agreement with Opdenergy, an Independent Power Producer with extensive experience in the development, financing, construction and operation of renewable assets. Under the terms of the 12-year agreement, Opdenergy will develop an 80-megawatt (MWac) solar plant located […]
Bristow Announces Team Reorganization
(Bristow, 31.Mar.2021) — Bristow Group Inc. announced changes to its executive leadership team structure that will help the company capitalize on evolving market conditions and better position Bristow for long-term growth. The changes are effective April 1st, as the company begins its new fiscal year. “As we continue to make […]
SkyX Expands Into South America
(SkyX, 30.Mar.2021) — SkyX, a leader in aerial intelligence powered by autonomous long-range UAV solutions, is announcing a new partnership with Servi Sud SRL, a service provider for the energy industry in Bolivia, and the installation of an agent in Argentina. Since going to market, SkyX has experienced increasing demand […]
SSR Mining Releases ESG, Sustainability Report
(SSR Mining, 30.Mar.2021) — SSR Mining Inc. announced publication of its ESG and Sustainability Report. The report outlines SSR’s approach to sustainability across a range of areas and summarizes SSR’s 2020 performance. Sustainability Report Highlights Amalgamation of best practices from across our business to develop an integrated Environment, Health, Safety […]
Noble, Pacific Drilling Agree to Combine
(Noble, 25.Mar.2021) — Noble Corporation and Pacific Drilling Company LLC entered into a definitive merger agreement under which Noble will acquire Pacific Drilling in an all-stock transaction. The definitive merger agreement was unanimously approved by each company’s Board of Directors. The transaction has also been approved by a majority of […]
U.S. Thirst For Russian Oil Hits Record High
(Bloomberg, 24.Mar.2021) — The oil tankers docking at the refinery in Baytown, Texas, look exactly like many others plying the waters of the Houston Ship Channel. But stashed inside their capacious holds is an unusual cargo: Russian petroleum. The sprawling complex, which belongs to Exxon Mobil Corp., isn’t the only U.S. […]
Guyana Oil Still At Peak Capacity: Hess
(S&P Global, 23.Mar.2021) — The ExxonMobil-operated Liza Phase 1 development offshore Guyana achieved its nameplate capacity output of 120,000 b/d in December and continues to produce at that rate, the top executive of Liza partner Hess Corp. said March 23. The partners at the Stabroek Block where Liza is located, […]
NIPSCO, EDP Renewables Eye Wind Farm And Solar Park
(EDP Renewables, 23.Mar.2021) — EDP Renewables SA (EDPR), through its fully owned subsidiary EDP Renewables North America LLC (EDPR NA), and Northern Indiana Public Service Company, LLC (NIPSCO), a subsidiary of NiSource Inc. (NYSE: NI), have executed a long-term Power Purchase Agreement (PPA) and a Build & Transfer Agreement (BTA) […]
SoCalGas Sets Net Zero Emissions Pledge
(Southern California Gas Co., 23.Mar.2021) — Southern California Gas Co. (SoCalGas), the largest gas utility in the US, today announced the company’s bold commitment to achieve net zero greenhouse gas (GHG) emissions in its operations and delivery of energy by 2045. This commitment makes SoCalGas the largest gas distribution utility in […]
PNM Declares Preferred Dividend
(PNM Resources, 22.Mar.2021) — The Board of Directors of PNM, a subsidiary of PNM Resources, declared the regular quarterly dividend of $1.145 per share on the 4.58% series of cumulative preferred stock. The preferred stock dividend is payable 15 April 2021 to shareholders of record at the close of business […]
Uranium Energy Corp Completes Financing
(Uranium Energy, 22.Mar.2021) — Uranium Energy Corp announced closing of its previously announced offering of an aggregate of 10,000,000 shares of common stock of the company at a purchase price of $3.05 per share and for gross proceeds of $30,500,000 in a registered direct offering. The company offered and sold […]
NIPSCO, Invenergy Ink Solar Transfer Deal
(NiSource, 18.Mar.2021) — Northern Indiana Public Service Company, LLC (NIPSCO), a subsidiary of NiSource Inc., and Invenergy, a leading developer and operator of sustainable energy solutions, today announced that they have signed a build transfer agreement to bring 250 megawatts (MW) of solar energy to Indiana with the Fairbanks Solar […]
GoldMining Issues Letter To Shareholders
(GoldMining, 18.Mar.2021) — GoldMining Inc. issued the following letter from its Chairman, Amir Adnani, updating shareholders on the recent successful launch of Gold Royalty Corp. (GRC) (NYSE American: GROY) and plans for project advancement: Dear Fellow Shareholders, Since going public a decade ago, we entered the first phase of GoldMining’s […]
Great Panther On Management Change
(Great Panther, 16.Mar.2021) — Great Panther Mining Limited announces that Jim Zadra, the company’s Chief Financial Officer, has departed the company effective 15 March 2021. The responsibilities of Mr. Zadra will be transitioned to the company’s existing management team, including Mr. Shawn Turkington, CPA, CA, the company’s Vice President, Finance, […]
Amyris, Minerva Eye Zero Carbon Output
(Amyris, 16.Mar.2021) — Amyris, Inc., a synthetic biotechnology company active in the Clean Health and Beauty markets through its consumer brands and a top supplier of sustainable and natural ingredients, announced today that it has signed a memorandum of understanding for a partnership with Minerva Foods of Brazil to develop […]
Gold Royalty Announces Closing Of IPO
(Gold Royalty Corp., 11.Mar.2021) — Gold Royalty Corp. and GoldMining Inc. announced the closing of GRC’s initial public offering of 18,000,000 units of GRC at a price of $5.00 per Unit. The gross proceeds to GRC from the offering were $90mn. GRC plans to use the net proceeds from the […]
Talos Energy Announces 4Q:20 And YE:20 Results
(Talos, 10.Mar.2021) — Talos Energy Inc. announced its operational and financial results for the fourth quarter and full year 2020. The company also announced its year-end 2020 reserves figures as well as 2021 operational and financial guidance. Key Highlights – Fourth Quarter 2020: Production of 59.4 thousand barrels of oil […]
Franco-Nevada Reveals Record Results
(Franco–Nevada, 10.Mar.2021) — “In 2020, the challenges of the COVID-19 pandemic highlighted the diversity of our portfolio, the commitment of our staff, and the resolve of the employees and communities at our assets,” stated Paul Brink, CEO. “With record precious metals prices through the year and the recovery of energy […]
Talos Energy To Host 4Q:21 Conference Call
(Talos, 10.Mar.2021) — Talos Energy Inc. will host a conference call, which will be broadcast live over the internet, on Thursday, 11 March 2021 at 10:00 AM Eastern Time (9:00 AM Central Time). CONFERENCE CALL AND WEBCAST INFORMATION Listeners can access the conference call live over the Internet through a […]
The Biden Administration And Venezuela
(CFR, 9.Mar.2021) — On March 8, the Biden administration gave the first real insight into its Venezuela policy, and the news was a mixture of good policy, politics, and nonsense. The good policy was the announcement of Temporary Protected Status (TPS) for Venezuelans already in this country. That means the […]
AES Sets Robust Near- And Long-Term Goals
(AES Corp. 3.Mar.2021) — The AES Corporation announced robust near- and long-term goals. “The energy sector is evolving as a result of decarbonization, electrification and digitalization, and AES is uniquely positioned to take advantage of this shift,” said AndrĂ©s Gluski, AES President and Chief Executive Officer. “Over the next five […]
Exxon Vows To Lift Returns
(Bloomberg, 3.Mar.2021) — Exxon Mobil Corp. pledged to boost the S&P 500 Index’s third-largest dividend and end two years of cash burn by bringing on high-profit oil and chemical projects while trimming expenses. Exxon’s developments in Guyana and the U.S. Permian Basin will generate 10% returns even if crude dips […]
Oceaneering Says Collins To Succeed Huff As Chairman
(Oceaneering, 2.Mar.2021) — Oceaneering International, Inc. announced that John R. Huff will retire as a member and Chairman of the Board of Directors immediately following the 2021 Annual Meeting of Shareholders, and T. Jay Collins will succeed Mr. Huff as Chairman. Mr. Collins has been a director of Oceaneering since 2002. […]
Zacatecas Silver Trades On TSX Venture
(Zacatecas Silver Corp., 2.Mar.2021) — Zacatecas Silver Corp. announced its common shares commence trading today, on the TSX Venture Exchange, under the symbol “ZAC”. Highlights: Significant historic inferred silver resource in a world class silver mining region which is open along strike and at depth. Work starting immediately to target […]
Apache And APA Finalize New Holding Structure
(Apache, 1.Mar.2021) — Apache Corporation and APA Corporation announced completion of the previously announced holding company structure, making APA the parent holding company of Apache. APA replaces Apache as the public company trading on the Nasdaq stock market under the ticker symbol “APA.” Each share of Apache common stock outstanding […]
Sempra To Support Winter Storm Relief In Texas
(Sempra Energy, 26.Feb.2021) — Sempra Energy, announced that the Sempra Energy Foundation is pledging $1mn to assist communities in Texas recovering from the unprecedented winter storm that blanketed the state. This builds on a $250,000 donation by Sempra Energy for food relief in Houston and Southeast Texas and will bolster […]
Citgo’s Letter To The UN On Human Rights
(Citgo, 25.Feb.2021) — The SimĂłn BolĂvar Foundation (Foundation), the 501(c)(3) private foundation of Citgo Petroleum Corporation, upholds high standards of corporate governance and ethics. With these standards in mind, we wish to provide information regarding our charitable programs in Venezuela and address some of the erroneous assertions made in the […]
Fact Sheet: ERCOT
(Energy Analytics Institute, 18.Feb.2021) — The Electric Reliability Council of Texas (ERCOT) is a nonprofit organization that ensures reliable electric service for 90 percent of the state of Texas. The grid operator is regulated by the Public Utility Commission of Texas and the Texas Legislature. __________ By Jared Yamin. © […]
Energy Projects Partner Joins Baker Botts In Houston
(Baker Botts, 18.Feb.2021) — Baker Botts L.L.P., a leading international energy, technology and life sciences law firm, announced today that Julie Mayo has joined the Energy Projects & Transactions (EPT) Section of the Global Projects Department in Houston. Ms. Mayo joins the firm from Norton Rose Fulbright, where she was […]
Texas Power Outage is Reminiscent of Socialist Venezuela
(Forbes, 18.Feb.2021) — In Houston, TX, the Energy Capital of the World, I have been without power and running water for three days. I and millions of other Texas residents are currently enduring the consequences of one of the worst instances of engineering malpractice, business mismanagement, and political irresponsibility in […]
Dominion Urges Customers Prepare For 2nd Ice Storm
(Dominion Energy, 17.Feb.2021) — Dominion Energy Virginia crews are preparing for a second round of ice and freezing rain as they wrap up restoration efforts following last weekend’s destructive ice storm. The second ice storm is expected to begin Thursday, and it could potentially be more impactful than the most […]
NiSource Reports 2020 Results
(NiSource, 17.Feb.2021) — NiSource Inc. announced, on a GAAP basis, net income available to common shareholders for the three months ended 31 December 2020 of $70.7mn, or $0.18/share, compared to a net loss available to common shareholders of $153mn, or $0.41/share, for the same period of 2019. For the 12 […]
Consumers Energy Crews Headed To North Carolina
(Consumers Energy, 17.Feb.2021) — Nearly 50 Consumers Energy workers are headed to North Carolina this morning to help restore power after tens of thousands of customers were left without power from a series of severe storms across the Southern and Southeastern U.S. in the last several days. The 15 Consumers […]
Ovintiv Reveals Governance, Environmental Initiatives
(Ovintiv, 17.Feb.2021) — Ovintiv Inc., in conjunction with reporting its fourth quarter and full-year 2020 results, provided an update on enhanced corporate governance, compensation and environmental initiatives. Highlights: — Executive Compensation: Modified executive compensation program, adding debt reduction to short term incentive structure, as well as the inclusion of the […]
Certarus Announces Launch Of Strategic Review
(Certarus, 17.Feb.2021) — Certarus Ltd. initiated a review of strategic alternatives. In light of favourable market conditions and recent inbound interest, the Corporation is undertaking a full strategic review to explore alternatives to maximize shareholder value. The decision comes following a review by both the Board of Directors and Certarus […]
Solaris Announces New Discovery At Warintza West
(Solaris Resources, 16.Feb.2021) — Solaris Resources Inc. announced a significant new discovery in maiden drilling at Warintza West and the first detailed geophysical survey covering its Warintza Project have revealed a much more extensive porphyry system than previously understood. To meet the increased scope of resource and discovery drilling, the […]
Genie Solar Completes Rooftop Solar Installation
(Genie Solar Energy, 16.Feb.2021) — Genie Solar Energy, a developer, designer and installer of commercial solar systems, has completed an innovative rooftop solar installation for Kraft Power, a provider of generator and cogeneration systems. Kraft Power’s 57.5 kW custom rooftop solar system was installed at its distribution center in Pompton […]
Duke’s Solar Generation Flourishes For Florida
(Duke Energy Florida, 16.Feb.2021) — Duke Energy Florida is delivering on its commitment to provide cleaner, smarter energy solutions to benefit all Florida customers. The company is investing an estimated $1bn to construct or acquire a total of 700 megawatts of cost-effective solar power facilities from 2018 through 2022 in […]
GoldMining To Launch Gold Royalty IPO
(GoldMining, 16.Feb.2021) — GoldMining Inc. announced that its subsidiary, Gold Royalty Corp. (GRC) has launched a roadshow for the proposed initial public offering (IPO) of its units. GRC is offering up to 6,000,000 units under the IPO at a price of $5/unit. Each unit will be comprised of one common […]
José R. Pocaterra Elected Chairman Of Citgo BODs
(Citgo, 12.Feb.2021) — The Citgo Petroleum Corporation Board of Directors announced today that Jose R. Pocaterra has been elected Chairman of the Board of Directors. Mr. Pocaterra brings more than 20 years of financial professional experience in the oil and gas industry. Mr. Pocaterra held various positions in the Budget, […]
IEnova To Report YE:20 Earnings On Feb. 18
(Sempra, 11.Feb.2021) — Sempra Energy’s Mexican subsidiary, Infraestructura EnergĂ©tica Nova, S.A.B. de C.V. (IEnova), plans to release its year-end and fourth-quarter 2020 earnings by 6 p.m. ET, 18 February 2021, in advance of a conference call with IEnova executives at 11 a.m. ET, 19 February. RELATED STORY: Sempra Energy To […]
Sempra Energy To Report YE:20 Earnings Feb. 25
(Sempra, 11.Feb.2021) — Sempra Energy plans to release its fourth-quarter and year-end 2020 earnings by 7 a.m. ET, Thursday, 25 February 2021. Sempra Energy executives will conduct a conference call at 12 p.m. ET, Thursday, 25 February. Investors, media, analysts and the public may listen to a live webcast of […]
Venture Global LNG Closes $500mn Term Loan
(Venture Global, 11.Feb.2021) — Venture Global LNG, Inc. announced today that it has closed a $500mn term loan with JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc, Mizuho Bank, Ltd., and Bank of America N.A.  The proceeds will be used to fund pre-FID construction activities at the company’s […]
Talos Energy To Reveal 4Q:20, YE:20 Results Mar. 10
(Talos, 9.Feb.2021) — Talos Energy Inc. intends to release fourth quarter and full year 2020 results for the period ended 31 December 2020 on Wednesday, 10 March 2021 after the U.S. financial market closes. In addition to this release, Talos Energy will host a conference call, which will be broadcast […]