Category: North America

North America energy

Climate Commitments Top Energy, Mining Agendas

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(WoodMac, 27.Jan.2021) — 2020 was the year that climate change became a dominant force for commodities. In response, a slew of companies and governments made ambitious net zero commitments. Renewables grew in importance in some oil and gas companies’ portfolios and as a power source for mining. Carbon pricing accelerated, […]

US Secretary Of State Antony J. Blinken Press Briefing

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(US State Department, 27.Jan.2021) — Remarks to the Press from US Secretary of State Antony J. Blinken from the Press Briefing Room in Washington, DC. MR PRICE: Good afternoon. Welcome back to the briefing room, to your briefing room. We’ll be spending quite a bit of time together starting very […]

Fact Sheet: Biden’s Climate Crisis Executive Actions

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(The White House, 27.Jan.2021) — Biden-Harris Administration Commits on Climate Change – Creating Jobs, Building Infrastructure, and Delivering Environmental Justice Today, President Biden will take executive action to tackle the climate crisis at home and abroad while creating good-paying union jobs and equitable clean energy future, building modern and sustainable […]

Exxon Mobil Declares 1Q:21 Dividend

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(Energy Analytics Institute, 27.Jan.2021) — Irving, Texas-based Exxon Mobil Corporation announced that its Board of Directors declared a cash dividend of $0.87 per share on the common stock. The dividend is payable on 10 March 2021 to shareholders of record of common stock at the close of business on 10 […]

Sungrow Supplies 100 MW Energy Project In Texas

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(Sungrow, 22.Jan.2021) — Sungrow, the global leading inverter solution supplier for renewables, announced that it has forged a contract to supply its fully integrated Energy Storage System to the 100 MWac Chisholm Grid project in Fort Worth, Texas. Chisholm Grid has been under construction since August of 2020 and will […]

Nickel Rock Resources Targets Lithium Clay

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(Nickel Rock Resources, 21.Jan.2021) — Nickel Rock Resources Inc. reported that prior to implementing a reconnaissance drilling campaign on its 100% owned Clayton Valley Project adjoining a western portion of neighbouring lithium producer Albemarle’s evaporation ponds a staking program is now in progress. This new staking program is expanding our […]

Exxon’s 4Q:20 Results Call

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(Exxon, 20.Jan.2021) — Please join Darren Woods, Chairman and Chief Executive Officer, and Stephen Littleton, Vice President and Secretary, for a discussion of fourth quarter 2020 financial and operating results via webcast with slide presentation at 8:30 a.m. Central Time on Tuesday, 2 February 2021. Click here to join the […]

Kosmos Boast GOM Exploration Success

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(Kosmos, 19.Jan.2021) — Kosmos Energy announced an oil discovery in the US Gulf of Mexico at the Winterfell infrastructure-led exploration (“ILX”) well (Kosmos working interest 17.5%). Winterfell was designed to test a sub-salt Upper Miocene prospect located in Green Canyon Block 944. The well encountered approximately 26m (85ft) of net […]

Tetra On Mineral, Low Carbon Energy Initiatives

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(Tetra Technologies, 19.Jan.2021) — Tetra Technologies, Inc. announced that Tim Moeller, Senior Vice-President Chemicals and Supply Chain, has been assigned to lead the company’s initiatives involving its industrial products and key mineral resources in the company’s Arkansas brine leases to support carbon capture and advances in energy storage and battery […]

CSI Compressco Announces Quarterly Distribution

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(Energy Analytics Institute, 19.Jan.2021) — CSI Compressco LP’s board of directors of its general partner has declared a cash distribution attributable to the quarter ended 31 December 2020 of $0.01 per outstanding common unit, or $0.04 per outstanding common unit on an annualized basis. CSI, which provides compression services and […]

CSI Compressco On 4Q:20 Conference Call, Webcast

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(CSI Compressco LP, 19.Jan.2021) — CSI Compressco LP expects to release its fourth quarter and full year 2020 results before the opening of the market on Wednesday, 24 February 2021. Following the release, CSI Compressco will host a conference call at 10:30 a.m. Eastern Time to discuss the results.  CSI […]

OFAC Sanctions Individuals, Entities And Vessels

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(Energy Analytics Institute, 19.Jan.2021) — The US Department of State updated its list of designated nationals; entities and vessels assisting Venezuela’s President Nicolas Maduro cling to power. The list follows. The following individuals have been added to OFAC’s SDN List:  APIKIAN, Philipp Paul Vartan; DOB 15 Jan 1969; POB Geneva, […]

Trump Hits Venezuela With Sanctions

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(AP, 19.Jan.2021) — The Trump administration issued a parting shot at Venezuelan President NicolĂĄs Maduro on Tuesday, announcing a sweeping round of stiff financial sanctions that target a network accused of moving oil on behalf of the president’s alleged frontman. In a sign of future U.S. policy toward Venezuela, President-elect […]

e-Zinc Raises $2.3mn From BDC Capital

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(e-Zinc, 18.Jan.2021) — e-Zinc, a Toronto-based energy storage innovator, raised $2.3mn in a closed round led by BDC Capital’s Cleantech Practice. e-Zinc has developed a breakthrough technology for grid-scale energy storage that stores energy in physically-free zinc metal. By decoupling power and energy, the company scales energy capacity at a […]

Keystone XL Commits To Renewable Energy

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(TC Energy, 17.Jan.2021) — TC Energy Corporation today announced a new sustainable energy initiative for the Keystone XL Project. The company will achieve net zero emissions across the project operations when it is placed into service in 2023 and has committed the operations will be fully powered by renewable energy […]

Judge Approves Citgo Parent Share Sale

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(Argus, 14.Jan.2021) — Venezuela inched closer to losing control of its US refining subsidiary Citgo today after a federal judge began crafting a sale process for shares of its controlling company to pay off the country’s international debts. The court will move forward with the process of selling shares of […]

Slidgo Announces X8 Quick-Folding Electric Scooter

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(Adorama, 13.Jan.2021) — Slidgo announced the new X8 Electric Scooter designed to make transportation fun, easy and accessible, at an affordable price. Available exclusively at Adorama, the Slidgo X8 Electric Scooter is the optimal choice for anyone looking for a sustainable and efficient way to get around town, without compromising style, […]

Cheinere Marks Arrival Of First Cargo With CPC Taiwan

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(Energy Analytics Institute, 12.Jan.2021) — Cheniere Energy announced arrival of its first cargo under a long-term contract with CPC Taiwan, the first of hundreds over the next 25 years. Cheniere said in a social media post that its partnership with CPC “will help deliver lower carbon emissions and increased energy […]

Li-Cycle And New Flyer Team Up In Battery Recycling Pilot

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(Li-Cycle Corp., 11.Jan.2021) — Li-Cycle Corp., North America’s largest lithium-ion battery recycling company, today announced its successful completion of a battery recycling pilot with New Flyer Industries Canada ULC and New Flyer of America Inc. (together “New Flyer”), subsidiaries of NFI Group Inc., one of the world’s leading independent global […]

TechnipFMC On Activities Toward Separation

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(TechnipFMC, 7.Jan.2021) — TechnipFMC plc announced the resumption of activities toward its planned separation into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider; and Technip Energies, a leading engineering and technology player. The separation would enhance TechnipFMC’s and Technip Energies’ focus on their respective […]

Jose R. Pocaterra Joins Citgo Board Of Directors

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(Citgo, 6.Jan.2021) — The Citgo Petroleum Corporation Board of Directors announced that Jose R. Pocaterra has been named to the Board of Directors, replacing Edgar Rincon who remains Citgo’s Chief Operating Officer and Executive Vice President. “Jose Pocaterra brings more than 20 years of international experience in the financial, business […]

EU Commission President On US Election

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(Energy Analytics Institute, 6.Jan.2021) — EU Commission President Ursula von der Leyen comments on US elections and recognition of Joe Biden as the next US president. “I believe in the strength of US institutions and democracy. Peaceful transition of power is at the core,” Leyen said in a post 6 […]

Pattern Starts Building Wind Projects In NM

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(Pattern Energy, 4.Jan.2021) — Pattern Energy Group LP completed financing and started the full construction process of its Western Spirit Transmission line and its suite of Western Spirit Wind power projects totaling more than 1,050 megawatts (MW), located in Guadalupe, Lincoln and Torrance Counties in central New Mexico. The projects […]

EOG Resources Promotes Ezra Yacob To President

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(EOG Resources, 4.Jan.2021) — EOG Resources’ Board of Directors promoted Ezra Y. Yacob to President of EOG effective immediately. Since December 2017, Yacob has held the position of Executive Vice President, Exploration and Production responsible for EOG’s Fort Worth, Artesia and International operating areas. “Ezra Yacob has consistently demonstrated exceptional […]

Eurasia Group Publishes Top Risks For 2021

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(Eurasia Group, 4.Jan.2021) — As we begin 2021, the United States is the most powerful, politically divided, and economically unequal of the world’s industrial democracies. China is America’s strongest competitor, a state capitalist, authoritarian, and techno-surveillance state that is increasingly mistrusted by most G20 countries. Germany and Japan are much […]

United Airlines Going 100% Green By 2050

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(Energy Analytics Institute, 4.Jan.2021) — Houston-based United Airlines announced plans to cut its greenhouse gas emissions. “We are going 100% green by 2050 by reducing our greenhouse gas emissions 100%,” United said in a corporate video posted on Twitter. “See how we’re making sustainability the new standard in flight.” “The […]

The Oil Industry Is Stuck in Virus Alley

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(IHS Markit, 29.Dec.2020) — Prices won’t break out of the $40 to $50 range until consumption gets back to normal sometime next year. When will oil sustainably break out of the “Virus Alley”—that $40 to $50 band that has held oil prices in check for months? That’s Question No. 1 […]

Citgo Releases First-Ever ESG Report [PDF DOWNLOAD]

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(Citgo, 29.Dec.2020) — Marking a new chapter of heightened corporate transparency, responsibility and accountability, Citgo Petroleum Corporation today released its first-ever report detailing the company’s extensive environmental, social and governance (ESG) initiatives. Information contained in this release highlights the company’s progress in 2019 consistent with the accompanying report, as well […]

Entergy And Holtec Request Transfer Of Nuclear Plant

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(Entergy, 23.Dec.2020) — Entergy Corporation and Holtec International, through their affiliates, jointly submitted a License Transfer Application today with the US Nuclear Regulatory Commission requesting approval to transfer the NRC licenses for the Palisades Nuclear Plant to Holtec following its shutdown and permanent defueling in the spring of 2022. “Holtec’s […]

TransAlta Acquires 303 MW Portfolio TransAlta Corp.

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(TransAlta, 23.Dec.2020) — TransAlta Renewables Inc. entered into definitive agreements for the acquisition of three assets from TransAlta Corporation (“TransAlta”) consisting of: — a 100% direct interest in the 207 MW Windrise wind project located in the Municipal District of Willow Creek, Alberta; — a 49% economic interest in the […]

Citgo Plans Q4 2021 Overhaul At Corpus Christi Refinery

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(Reuters, 21.Dec.2020) — Citgo Petroleum Corp plans an overhaul at its 167,500 barrel-per-day (bpd) Corpus Christi, Texas, refinery in the fourth quarter of 2021, the company said on Monday. The fourth-quarter 2021 turnaround could be rescheduled, Citgo said. Sources told Reuters on Friday that Citgo was postponing planned maintenance scheduled […]

Dominion Plans Virginia Offshore Wind Project

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(Dominion Energy, 18.Dec.2020) — Dominion Energy filed with the Bureau of Ocean Energy Management (BOEM) the required Construction and Operations Plan (COP) to build the 2,640-megawatt Coastal Virginia Offshore Wind (CVOW) commercial project, the largest planned offshore wind farm in the United States. “This is an important step in the […]

Citgo Closes New A/R Securitization Facility

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(Citgo, 18.Dec.2020) — Citgo Petroleum Corporation announced that it has entered into an agreement with Barclays as Program Administrator for a two-year $250mn accounts receivable securitization facility. The facility will enable Citgo to raise incremental, low-cost funding and enhance its financial flexibility. Proceeds made available to Citgo from the facility […]

CSI Compressco LP Regains NASDAQ Compliance

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(CSI, 18.Dec.2020) — CSI Compressco LP received a letter from the Nasdaq Stock Market LLC on 17 December 2020 which contained a NASDAQ compliance determination that the partnership has regained compliance with NASDAQ Listing Rule 5450(a)(1), which requires listed securities to maintain a minimum closing bid price of $1/unit. CSI […]

CDPQ To Invest $1bn In Invenergy Renewables

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(CDPQ, 18.Dec.2020) — Caisse de dĂ©pĂŽt et placement du QuĂ©bec (CDPQ), a global institutional investor, announced a $1bn commitment to Invenergy Renewables LLC (Invenergy), the largest private developer, owner and operator of wind and solar projects in North America, to further support the company in its expanded development activities and […]

Biden To Seek Talks With Maduro Regime

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(Bloomberg, 18.Dec.2020) — President-elect Joe Biden’s advisers are preparing to negotiate with Nicolas Maduro’s regime in Venezuela in an effort to end the Western Hemisphere’s worst economic and humanitarian crisis, according to three people familiar with the matter. The Biden administration intends to push for free and fair elections, offering […]

Matson Takes Delivery Of ‘Matsonia’

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(Matson, 18.Dec.2020) — Matson, Inc., a leading US carrier in the Pacific, took delivery of Matsonia, the second of two new Kanaloa Class combination container / roll-on, roll-off (“con-ro”) ships built for Matson by General Dynamics NASSCO. The two are the largest vessels of their kind ever built in the […]

CP Inks Hydrogen-Powered Locomotive Pilot Project

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(Canadian Pacific, 18.Dec.2020) — Canadian Pacific plans to develop North America’s first line-haul hydrogen-powered locomotive. CP’s Hydrogen Locomotive Program will retrofit a line-haul locomotive with hydrogen fuel cells and battery technology to drive the locomotive’s electric traction motors. Once operational, CP will conduct rail service trials and qualification testing to […]