(NASA, 29.Jul.2021) — To mark the 10th International Space Apps Challenge, the largest annual global hackathon in the world, NASA is collaborating with nine space agency partners to bring the event to even more communities 2-3 October 2021. Each year, NASA’s International Space Apps Challenge, or Space Apps, engages thousands of […]
Category: USA
Weatherford Reveals 2Q:21 Results
(Weatherford, 28.Jul.2021) — Weatherford International plc (NASDAQ: WFRD) announced its results for the second quarter of 2021. Revenues for the second quarter of 2021 were $903mn, an increase of 9% sequentially and 10% year-on-year. Reported operating income was $25mn in the second quarter of 2021, compared to an operating loss of $13 […]
Oceaneering Reports 2Q:21 Results
(Oceaneering, 28.Jul.2021) — Oceaneering International, Inc. (NYSE:OII) reported net income of $6.2mn, or $0.06 per share, on revenue of $498mn for the three months ended 30 June 2021. Adjusted net income was $10.4mn, or $0.10 per share, reflecting the impact of $3.2mn of pre-tax adjustments associated with a loss on the sale […]
JinkoSolar Selected As An Eco-Leader
(JinkoSolar, 26.Jul.2021) — JinkoSolar Holding Co., Ltd. has been selected as an “Eco-Leader” by Green Builder® Media for the third time. Green Builder® Media selects Eco-Leaders every year as a way to honor companies who have taken exemplary steps towards sustainability for their business practices. With this year’s theme focused on […]
Talos Updates On Recent Drilling
(Talos, 26.Jul.2021) — Talos Energy Inc. (NYSE: TALO) announced preliminary production estimates for the second quarter of 2021, successful first production from the company’s Tornado Attic well and successful drilling of the company’s Crown and Anchor well. Talos estimates that average daily production for the second quarter of 2021 was […]
Shell Invests In GOM Whale Development
(Shell, 26.Jul.2021) — Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, announces the final investment decision (FID) for Whale, a deep-water development in the U.S. Gulf of Mexico that features a 99% replicated hull and an 80% replication of the topsides from our Vito project. “Whale is the […]
LatAm Briefs: Argentine Output, Colombian Renewables
(Energy Analytics Institute, 22.Jul.2021) — Energy briefs from the Latin America and Caribbean region including: daily production details from Argentina’s NeuquĂ©n region to 13 renewable projects identified by Colombia’s Ecopetrol and more. Argentina — Daily production in Argentina’s NeuquĂ©n region reached a record 193,000 barrels per day, the highest volume […]
Hess Corp. Sets New Emission Reduction Targets
(Hess, 21.Jul.2021) — Hess Corporation announced publication of its 24th annual sustainability report, which provides a comprehensive review of the company’s strategy and performance on environmental, social and governance (ESG) programs and initiatives. Hess Corporation’s 2020 Sustainability Report is available on the company’s website at www.hess.com/sustainability/sustainability-reports. Significantly outperformed five year […]
US Extends Protection For Citgo
(Reuters, 20.Jul.2021) — The United States on Tuesday extended a measure protecting Venezuelan-owned U.S. refiner Citgo Petroleum Corp PDVSAC.UL from bondholders seeking a stake in the company to collect on unpaid debts from state-owned oil company PDVSA, Citgo’s owner. Holders of PDVSA’s 2020 bond, which is backed by a majority […]
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US Extends Citgo Protection [PDF Download]
(Department of the Treasury, 20.Jul.2021) — The Office of Foreign Assets Control (OFAC) issued the following update to General License No. 5G related to PDVSA and Citgo Petroleum. Venezuela Sanctions Regulations 31 CFR Part 591 GENERAL LICENSE NO. 5G Authorizing Certain Transactions Related to the PetrĂłleos de Venezuela, S.A. 2020 […]
Excelerate Energy, Snam, And Albgaz Sign MOU To Pursue New Gas Pipeline
(Excelerate, 15.Jul.2021) — Excelerate Energy L.P., Snam S.p.A, and Albgaz Sh.a signed a Memorandum of Understanding (MOU), in Tirana, Albania, to explore potential cooperation for the construction of a natural gas pipeline from the Albanian Vlora Terminal to other natural gas infrastructure opportunities in Albania. Under this MOU, Excelerate, Snam, […]
Citgo Dismisses LPG Supply Plan For Venezuela
(Argus, 13.Jul.2021) — Citgo, the US refining arm of Venezuelan state-owned PdV, told Argus it has no immediate plan to supply LPG to Venezuela under new US authorization for sale of the cooking fuel to the Opec country. “We are aware that OFAC recently issued General License 40, authorizing certain transactions involving […]
US OKs LPG Exports To Venezuela
(Energy Analytics Institute, 12.Jul.2021) — The US Office of Foreign Assets Control (OFAC) issued general license no. 40 which allows “all transactions and activities related to the exportation or reexportation, directly or indirectly, of liquefied petroleum gas to Venezuela, involving the government of Venezuela, PetrĂłleos de Venezuela, S.A. (PDVSA), or […]
Guyana-US Relations Strong, Valuable
(DPI, 8.Jul.2021) — His Excellency Dr Irfaan Ali called the relationship between Guyana and the United States of America strong and valuable and pointed to greater partnerships between the two nations moving forward. The Commander in Chief and several senior members of his Government, including the Prime Minister, Brigadier (Ret’d) the […]
Encora Acquires Daitan
(Encora, 6.Jul.2021) — Encora, a global next-gen product engineering provider, announced the acquisition of Daitan, a leading provider of software engineering services. The acquisition adds 600 engineers and proprietary product capabilities, expanding Encora’s global talent pool to 5,500 engineers. Daitan has offices in San Ramon, CA and R&D centers in […]
RPC, Inc. Reveals Date Of 2Q:21 Conf. Call
(RPC, 6.Jul.2021) — RPC, Inc. (NYSE: RES) will release its financial results for the second quarter ended 30 June 2021 on Wednesday, 28 July 2021 before the market opens. In conjunction with its earnings release, the company will host a conference call to review the company’s financial and operating results […]
Alamo Group Declares Regular Quarterly Dividend
(Energy Analytics Institute, 1.Jul.2021) — The board of directors of Alamo Group Inc. (NYSE: ALG) declared its quarterly cash dividend of $0.14 per share, payable 28 July 2021 to shareholders of record at the close of business on 15 July, the company announced in an official statement. ____________________ By Aaron […]
Duke Energy Florida To Expand Low-income Programs
(Duke Energy, 1.Jul.2021) — Duke Energy Florida filed a proposal with the Florida Public Service Commission to provide additional assistance to customers through the company’s low-income programs. “Our customers remain our top priority. Duke Energy Florida is committed to assisting all of our customers, especially those who are most vulnerable,” […]
Sempra Gives Strategic Update, Financial Outlook
(Sempra, 29.Jun.2021) — Sempra‘s (NYSE: SRE) (BMV: SRE) senior management team is providing an update on the company’s strategy, operations and financial outlook at its 2021 Virtual Investor Day. “Over the next decade, we see the economies of North America becoming increasingly integrated,” said Jeffrey W. Martin, chairman and CEO […]
US-EU-Canada Issue Joint Statement On Venezuela
(US State Department, 25.Jun.2021) — The following statement was released by Secretary of State Antony J. Blinken, the EU High Representative for Foreign Affairs and Security Policy Josep Borrell, and Canadian Minister of Foreign Affairs Marc Garneau. Begin text: We remain deeply concerned about the ongoing crisis in Venezuela and […]
Citgo Reveals New Director Appointments
(Citgo, 23.Jun.2021) — The Boards of Directors of Citgo Holding, Inc. and Citgo Petroleum Corporation announced new appointments to their respective Boards of Directors. Elio JosĂ© Tortolero, Samuel Wilhelm, and Ernesto JosĂ© Hernández BolĂvar have been named to the Citgo Holding Board, with Glixon Mavarez and Pablo PĂ©rez continuing as […]
GeoPark’s O’Shaughnessy Issues Open Letter To BODs
(GeoPark, 18.Jun.2021) — Gerald O’Shaughnessy, the co-founder, former Chairman and second largest shareholder of GeoPark Limited (NYSE: GPRK) issued an open letter to the Board of Directors of GeoPark. The full text of the letter follows: 18 June 2021 Dear Members of the Board: I am writing you now because […]
Biden’s Venezuela Policy In Holding Pattern As Maduro Outlasts Pressures
(S&P Global, 18.Jun.2021) — After Venezuelan President Nicolas Maduro outlasted the Trump administration’s maximum sanctions pressure, US President Joe Biden will have to decide whether to offer Venezuela limited sanctions relief or more, amid calls from the left in Congress for humanitarian relief. An easing of some sanctions would only […]
US Briefs: Valaris GOM Deal, Nucor Cash Dividend
(Energy Analytics Institute, 8.Jun.2021) — Energy briefs from North America including: Valaris Limited revealing a Gulf of Mexico floater contract award, and Nucor Corporation revealing its 193rd consecutive cash dividend. Valaris Reveals GOM Floater Contract Award Offshore drilling services provider Valaris (NYSE: VAL) was awarded a three-year contract with Chevron […]
Sempra And NREL To Advance Net-Zero Energy Systems
(Sempra, 10.Jun.2021) — Sempra Energy (NYSE: SRE) signed a Memorandum of Understanding (MOU) with the U.S. Department of Energy‘s (DOE’s) National Renewable Energy Laboratory (NREL), providing a framework for a joint effort to advance future net-zero energy systems. The MOU, which builds off nearly 10 years of ongoing collaboration, will […]
Big Oil’s Watershed Moment: WoodMac
(Woodmac, 10.Jun.2021) — Pressures around climate change and the energy transition are having an impact, says Wood Mackenzie Vice-Chair, Americas, Ed Crooks. The events of May 26, 2021 look like a defining moment for the oil and gas industry. In the space of a few hours, three decisions crystallised trends […]
TC Energy Confirms Termination of Keystone XL Pipeline Project
(TC Energy, 9.Jun.2021) — TC Energy Corporation (TSX, NYSE: TRP) confirmed today that after a comprehensive review of its options, and in consultation with its partner, the government of Alberta, it has terminated the Keystone XL Pipeline Project. Construction activities to advance the project were suspended following the revocation of […]
Sempra To Hold Virtual Investor Day June 29
(Energy Analytics Institute, 9.Jun.2021) — The senior management team of Sempra Energy (NYSE: SRE) will provide an update on the company’s business strategy, operational highlights and financial outlook at its virtual Investor Day event at scheduled to take place at 12 p.m. ET on 29 June 2021. Investors, analysts, media […]
Atlas’ D&I Program Recognized With LAVCA’s 2020 Gender Diversity Award
(Atlas, 8.Jun.2021) — The Association for Private Capital Investment in Latin America (LAVCA), dedicated to supporting the growth of private capital in the region, recognized Atlas Renewable Energy with the 2021 Gender and Diversity Award for their Female Workforce Program during the Seventh Annual Latin American Private Capital ESG Deal […]
SSR Mining Reveals $200mn Senior Secured Revolving Credit Facility
(SSR Mining, 8.Jun.2021) — SSR Mining Inc. (NASDAQ: SSRM) (TSX: SSRM) (ASX:SSR) amended its existing undrawn revolving credit facility on favorable terms, increasing the facility size from $75mn to $200mn. The new facility includes an upsized accordion feature from $25mn to $100mn and the term of the facility has been extended […]
EOG Resources Reveals Management Succession Plan
(EOG, 7.Jun.2021) — EOG Resources, Inc. (EOG) announced that Ezra Y. Yacob will become EOG’s Chief Executive Officer and join the Board of Directors, and that Lloyd W. “Billy” Helms, Jr., EOG’s Chief Operating Officer, will be appointed to the additional role of President. Both promotions will be effective 1 October […]
RelyOn Nutec And Crowley Partner to Launch Wind Training Courses
(RelyOn Nutec, 3.Jun.2021) — RelyOn Nutec and Crowley, have signed a memorandum of understanding (MOU), to directly enhance the availability of offshore wind safety training across the U.S. Creating an industry-leading training initiative in the U.S., the strategic partnering pairs the leading Jones Act maritime solutions provider with the world’s […]
W.K. Kellogg Names Alejandra Garduño MartĂnez Director Of LAC Programs
(W.K. Kellogg Foundation, 2.Jun.2021) — The W.K. Kellogg Foundation (WKKF) announced selection of Alejandra Garduño MartĂnez as the new director of Latin America and Caribbean programs, effective 1 June 2021. In this role, Garduño MartĂnez will provide leadership and oversight of the foundation’s longstanding investments in Mexico, Haiti and Latin America and […]
Citgo Names Balvy Bhogal-Mitro As Corporate Planning VP
(Citgo, 1.Jun.2021) — Citgo President and Chief Executive Officer Carlos Jordá today announced Balvy Bhogal-Mitro has been named Vice President Strategic and Corporate Planning effective 1 June 2021. In her new role, Bhogal-Mitro is responsible for strategic planning and alignment, capital planning, corporate issues and new business development, and the company’s […]
EOG Resources To Present At JP Morgan Conference
(EOG Resources, 1.Jun.2021) — EOG Resources, Inc. (EOG) is scheduled to present at the J.P. Morgan Energy, Power and Renewables Conference at 9:30 a.m. Central time (10:30 a.m. Eastern time) on Tuesday, 22 June 2021. EOG Resources President Ezra Y. Yacob will present on behalf of EOG. Please visit the […]
Entergy Finalizes Divestment Of Indian Point Energy Center To Holtec
(Entergy Corporation, 28.May.2021) — Entergy Corporation (NYSE: ETR) completed the sale of the subsidiaries that own Indian Point Energy Center to a Holtec International subsidiary, which plans to complete major decommissioning activities at the site decades sooner than if Entergy had continued to own the facility. The final operating unit […]
Talos Energy Updates On ESG Initiatives Before Releasing ESG Report
(Talos Energy, 27.May.2021) — Talos Energy Inc. (NYSE: TALO) provided an update on its ongoing Environmental, Social and Governance (ESG) initiatives. The company further strengthened its ESG commitments with the establishment of long-term emissions reductions targets and further linked executive compensation to ESG performance. Additionally, the company provided select 2020 […]
Roundtable: Celebrating African Innovation And Leadership
(US House of Representatives, 25.May.2021) — For Africa Day 2021, the House Foreign Affairs Committee will convene notable African leaders and entrepreneurs to discuss how we can better engage African partners to build stronger U.S.-Africa ties by promoting economic growth and increased access for American businesses to Africa’s vibrant and […]
Shell to Sell Interest in Deer Park Refinery to Partner Pemex
(Shell, 24.May.2021) — Shell Oil Company, a subsidiary of Royal Dutch Shell plc, has reached an agreement for the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P.M.I. Norteamerica, S.A. De C.V. (a subsidiary of Petroleos Mexicanos, or Pemex). […]
Pemex To Acquire Shell’s Interest In Deer Park Refinery
(Shell, 24.May.2021) — Shell Oil Company, a subsidiary of Royal Dutch Shell plc, reached agreement for the sale of its interest in Deer Park Refining Limited Partnership, a 50-50 joint venture between Shell Oil Company and P.M.I. Norteamerica, S.A. De C.V. (a subsidiary of Petroleos Mexicanos, or Pemex). The transaction […]
EnVen Energy Acquires Neptune
(EnVen Energy, 24.May.2021) — EnVen Energy Corporation closed a transaction to acquire 35% ownership interest in the Neptune field from BHP Billiton Petroleum (Deepwater) Inc. through its affiliate, EnVen Energy Ventures, LLC. EnVen will increase its ownership interest in the Neptune field from 30% to 65% and assume the role […]
Synchrony And Citgo Ink Multi-Year Contract Extension
(Synchrony, 24.May.2021) — Synchrony (NYSE: SYF), a premier consumer financial services company, and Citgo Petroleum Corporation, a U.S.-based refiner, transporter, and marketer of transportation fuels, lubricants, and petrochemicals, today announced a multi-year extension of their strategic partnership highlighting Synchrony’s commitment to offer Citgo customers with enhanced purchasing options and more […]
Citgo Reveals Its 1Q:21 Results
(Citgo, 21.May.2021) — CITGO Petroleum Corporation reported its first quarter 2021 performance results, including a net loss of $180mn, an EBITDA loss of $(21)mn and Adjusted EBITDA1 of $10mn. The quarter marked the first positive quarterly Adjusted EBITDA for CITGO since the full onset of the coronavirus pandemic. The company’s overall […]
LatAm Briefs: NGCs’ Methane Initiatives, Deloitte’s Decarbonization Challenge 2030
(Energy Analytics Institute, 19.May.2021) — Energy briefs from the Latin America and Caribbean region including: The National Gas Company of Trinidad and Tobago Limited (NGC)’s methane initiatives the Deloitte’s 2030 decarbonization challenge. [PDF Downloads] The National Gas Company’s Methane Initiatives [PDF Download] NGC revealed details about its methane initiatives and […]
Exxon Activist Wins Partial Glass Lewis Support In Board Fight
(Bloomberg, 17.May.2021) — The activist seeking to revamp the board of Exxon Mobil Corp. received a boost Monday with another prominent shareholder advisory firm recommending investors support two of its four nominees. Glass Lewis & Co. said it agreed with activist investor Engine No. 1 that Exxon’s board had failed […]
Colonial Pipeline System Disruption Update
(Colonial Pipeline, 17.May.2021) — Colonial Pipeline continues to make substantial progress in safely moving other’s product throughout our pipeline system. We can now report that we are transporting refined products (gasoline, diesel and jet fuel) at normal levels and are fully operational. It will take some time for the fuel […]
Colonial Updates On System Restart
(Colonial Pipeline, 13.May.2021) — Colonial Pipeline has continued to make substantial progress in safely restarting our pipeline system. We can now report that we have restarted our entire pipeline system and that product delivery has commenced to all markets we serve. Following this restart, it will take several days for the […]
Colonial Pipeline Paid Hackers Nearly $5mn In Ransom
(Bloomberg, 13.May.2021) — Colonial Pipeline Co. paid nearly $5 million to Eastern European hackers on Friday, contradicting reports earlier this week that the company had no intention of paying an extortion fee to help restore the country’s largest fuel pipeline, according to two people familiar with the transaction. The company […]
Shell Reports Deep-Water Find At Leopard Prospect
(Shell, 11.May.2021) — Shell Offshore Inc., a subsidiary of Royal Dutch Shell plc, announced a significant discovery at the Leopard prospect in the deep-water U.S. Gulf of Mexico (GoM). The Leopard well encountered more than 600 feet (183 meters) net oil pay at multiple levels. Evaluation is ongoing to further define development options. “Leopard […]
Energizer Reports Fiscal 2Q:21 Results
(Energizer Holdings, 10.May.2021) — Energizer Holdings, Inc. (NYSE: ENR) announced results for the second fiscal quarter, which ended 31 March 2021. “Building on the momentum of our first quarter, we delivered strong performance across all categories and geographies resulting in 12.7% organic sales growth for the second quarter,” said Mark LaVigne, Chief Executive […]