(NiSource, 18.Mar.2021) â 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 […]
Category: North America
North America energy
GoldMining Issues Letter To Shareholders
(GoldMining, 18.Mar.2021) â 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) â 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) â 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) â 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) â 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 â Fourth Quarter 2020: Production of 59.4 thousand barrels of oil […]
Franco-Nevada Reveals Record Results
(FrancoâNevada, 10.Mar.2021) â “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) â 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) â 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) â 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) â Exxon Mobil Corp. pledged to boost the S&P 500 Indexâs third-largest dividend and end two years of cash burn by bringing on high-profit oil and chemical projects while trimming expenses. Exxonâs 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) â 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) â 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) â 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 âAPA.â Each share of Apache common stock outstanding […]
Sempra To Support Winter Storm Relief In Texas
(Sempra Energy, 26.Feb.2021) â 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 […]
Citgoâs Letter To The UN On Human Rights
(Citgo, 25.Feb.2021) â 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) â 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) â 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) â 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) â 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) â 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) â 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) â 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) â 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) â 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) â 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) â 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) â 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) â 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) â 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) â 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) â 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. Â 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) â 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 […]
ForeFront Reveals Details Of Solar Project In Illinois
(ForeFront Power, 9.Feb.2021) â ForeFront Power, a leading developer of distributed solar and energy storage projects in the U.S., today announced commercial operation of the largest solar project in Kane County, Ill. With 7,384 panels, the 2.8-megawatt project delivers power to the Mooseheart Child City and School (Mooseheart), a non-profit […]
FMC Reports 4Q:20 Results In-Line With Guidance
(FMC, 9.Feb.2021) â FMC Corporation reported fourth quarter 2020 results that were in-line with the company’s updated outlook from 19 January 2021. Fourth quarter revenue was approximately $1.15bn, a decrease of 4% versus fourth quarter 2019. Excluding the impact of foreign currencies, sales grew 2% organically year over year. On […]
Solaris To Start Trading On Toronto Stock Exchange
(Solaris Resources, 5.Feb.2021) â Solaris Resources Inc. announced its common shares have been approved for listing on the Toronto Stock Exchange (TSX) and will commence trading on the TSX at the opening of market on 9 February 2021. Concurrent with the TSX listing, the common shares of the company will […]
Bloomberg To Serve As UN Special Envoy For Climate
(Bloomberg Philanthropies, 5.Feb.2021) â Today, United Nations Secretary-General AntĂłnio Guterres announced the appointment of Michael R. Bloomberg as his Special Envoy for Climate Ambition and Solutions. The COP26 High Level Climate Action Champions, Gonzalo Muñoz and Nigel Topping, also named Mr. Bloomberg the first Global Ambassador for the Race to Zero […]
Citgo Proposes Senior Secured Notes Offering
(Citgo, 3.Feb.2021) â Citgo Petroleum Corporation has commenced a private offering exempt from the registration requirements of the Securities Act of 1933, as amended, $650mn aggregate principal amount of senior secured notes due 2026. The notes offering is subject to market and other conditions, and there is no assurance that […]
Fitch Rates Citgo’s Secured 2026 Notes ‘BB’/’RR1’
(Fitch, 3.Feb.2021) â Fitch Ratings has assigned a ‘BB’/’RR1’ to CITGO Petroleum Corporation’s (Opco) $650mn senior secured 2026 notes. Proceeds from the notes, along with cash on hand, will be used to repay CITGO Petroleum’s 6.25% secured notes due August 2022 and associated fees. The new notes will rank pari […]
Albemarle Prices Public Common Stock Offering
(Albemarle Corp., 3.Feb.2021) â Albemarle Corporation, a leader in the global specialty chemicals industry, today announced the pricing of a previously announced underwritten public offering of 8,496,733 shares of its common stock at a price to the public of $153/share. The gross proceeds from this offering are expected to be […]
Braskem Launches First Int’l Shipment From Charleston
(Braskem 3.Feb.2021) â Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announced the first international shipment of polypropylene from the Company’s new Global Export Hub in Charleston, S.C. Braskem’s new Global Export Hub facility provides packaging, warehousing and export shipping services […]
Citgoâs Going-Concern Value Approximately $5.78bn
(Energy Analytics Institute, 3.Feb.2021) â Houston-based refiner Citgo Petroleum’s going-concern value is approximately $5.78 billion, according to a recent analysis by Fitch Ratings. The value is based on estimated EBITDA of $1.16bn and an Enterprise Value multiple of 5.0x, Fitch announced 3 February 2021 in a Citgo update. ____________________ By […]
Exxon Mobil’s CEO Darren Woods On 4Q:20 Results
(Seeking Alpha, 2.Feb.2021) â Exxon Mobil Corporation 4Q:20 earnings conference call from 2 February 2021. Company Participants Stephen Littleton – Vice President, Investor Relations and Secretary Darren Woods – Chairman and Chief Executive Officer Conference Call Participants Doug Terreson – Evercore ISI Neil Mehta – Goldman Sachs Doug Leggate – […]
ExxonMobil Reports 4Q:20 Results, Talks Forward Plans
(Exxon, 2.Feb.2021) â Exxon Mobil Corporation today announced an estimated fourth quarter 2020 loss of $20.1bn, or $4.70 per share assuming dilution. Fourth quarter capital and exploration expenditures were $4.8bn, bringing full-year spending to $21.4bn, $9.8bn lower than the prior year. Fourth Quarter and Full-Year 2020 Results — Fourth quarter […]
Sempra On Fortune’s ‘Most Admired Companies’ List
(Sempra, 1.Feb.2021) â Sempra Energy has again been named one of the “World’s Most Admired Companies” for 2021 by Fortune Magazine. This marks the 11th year that the company has been included on the annual list, which recognizes global businesses with the strongest corporate reputations within their sectors and across industries. […]
PDVSA Ad Hoc Board Head Calls Citgo âCrown Jewelâ
(Energy Analytics Institute, 29.Jan.2021) â The president of the Ad Hoc Board of PetrĂłleos de Venezuela (PDVSA) called US-based refiner Citgo Petroleum the âcrown jewelâ of the companyâs international assets. Horacio Medina, the President of PDVSAâs Ad Hoc Board, said the situation regarding actions taken during 2019-2020 by Interim President […]
EOG Schedules 4Q:20 Conference Call , Webcast
(EOG, 29.Jan.2021) â EOG Resources, Inc. (EOG) will host a conference call and webcast to discuss fourth quarter and full year 2020 results on Friday, 26 February 2021, at 9 a.m. Central time (10 a.m. Eastern time). Please visit the Investors/Events & Presentations page on the EOG website to access […]
General Motors Plans To Be Carbon Neutral By 2040
(GM, 28.Jan.2021) â Today, GM announced that it plans to become carbon neutral in its global products and operations by 2040 and has committed to setting science-based targetsâ±â± to achieve carbon neutrality. The company has also signed the Business Ambition Pledge for 1.5â°C, an urgent call to action from a […]
Antony Blinken Named US Secretary of State
(Energy Analytics Institute, 27.Jan.2021) â The US Department of the Treasury confirmed appointment of Antony Blinken as the agencyâs new head, taking the helm after the departure of Michael Pompeo. Blinken is a Former Deputy Secretary of State & Deputy Nation Security Agency under the administration of former US President […]
Exxon To Host 4Q:20 Earnings Call
(Energy Analytics Institute, 27.Jan.2021) â Irving, Texas-based oil giant Exxon announced details of its fourth quarter 2020 earnings call. Darren Woods, Chairman and Chief Executive Officer, and Stephen Littleton, Vice President and Secretary, will lead the discussion of the companyâs fourth quarter 2020 financial and operating results via webcast with […]