Category: USA

Citgo Reveals New Director Appointments

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(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© HernĂĄndez BolĂ­var have been named to the Citgo Holding Board, with Glixon Mavarez and Pablo PĂ©rez continuing as […]

US Briefs: Valaris GOM Deal, Nucor Cash Dividend

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(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

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(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

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(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

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(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

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(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 […]

SSR Mining Reveals $200mn Senior Secured Revolving Credit Facility

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(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

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(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

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(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 Martínez Director Of LAC Programs

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(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

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(Citgo, 1.Jun.2021) — Citgo President and Chief Executive Officer Carlos JordĂĄ 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 […]

Entergy Finalizes Divestment Of Indian Point Energy Center To Holtec

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(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

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(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 […]

EnVen Energy Acquires Neptune

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(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

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(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

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(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

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(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

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(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

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(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

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(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

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(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

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(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

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(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 […]

Colonial Pipeline On System Disruption

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(Colonial Pipeline, 10.May.2021) — Colonial Pipeline is continuing to work in partnership with third-party cybersecurity experts, law enforcement, and other federal agencies to restore pipeline operations quickly and safely. While this situation remains fluid and continues to evolve, the Colonial operations team is executing a plan that involves an incremental process […]

Sapphire Gas Solutions Enters Renewable Natural Gas Market

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(Sapphire Gas Solutions, 10.May.2021) — Sapphire Gas Solutions, a Conroe, TX based LNG and CNG solutions service company, was recently awarded the transportation and logistics contracts for seven farm based renewable natural gas operations in central California. “Our entry into the RNG market, as a solutions provider, is a huge step for Sapphire. […]

Go Solar Group Releases Nevada Periodic Table of Solar Elements

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(Go Solar Group, 10.May.2021) — Go Solar Group, a residential solar installer based in Reno Nevada; and Albuquerque, New Mexico, has published a unique tool to help Nevada homeowners interested in solar learn about solar modules as a complex product with its “Nevada Periodic Table of Solar Elements.” The table, which looks like a […]

Citgo Reports FY:20 Results [PDF Download]

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(Citgo, 7.May.2021) — Despite the unprecedented challenge COVID-19 presented for refiners, CITGO Petroleum Corporation continued to make strong progress in optimizing operational performance, aggressively managing costs and building on strategic initiatives to strengthen corporate governance, compliance and business ethics. CITGO results for FY 2020 were heavily affected by ongoing pandemic-driven […]

AES Achieves Key Strategic Milestones

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(AES, 6.May.2021) — AES Corporation (NYSE: AES) reported financial results for the quarter ended 31 March 2021. Strategic Accomplishments Signed 1,088 MW of new PPAs for renewables and energy storage, including a 10-year supply agreement with Google for 500 MW of 24/7 carbon-free energy in VirginiaSecured a 20-year agreement for 34 TBTU of […]

Sunoco LP Reports 1Q:21 Operating Results

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(Sunoco, 6.May.2021) — Sunoco LP (NYSE: SUN) reported financial and operating results for the three-month period ended 31 March 2021. The Partnership’s solid first quarter results demonstrate the durability of its business and management’s capacity to navigate difficult operating conditions as SUN faced the combined challenges in the quarter from persistently […]

Höegh LNG Announces 2021 Meeting

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(Höegh LNG Partners, 5.May.2021) — Höegh LNG Partners LP (NYSE: HMLP) advises that its 2021 Annual Meeting will be held on 8 June 2021. The record date for voting at the Annual Meeting, at which a member of the Board of Directors of the Partnership will be elected, is set to 17 May […]

Sempra Reports 1Q:21 Earnings Results

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(Sempra Energy, 5.May.2021) — Sempra Energy (NYSE: SRE) announced first-quarter 2021 earnings of $874mn, or $2.87 per diluted share, compared to first-quarter 2020 earnings of $760mn, or $2.53 per diluted share. On an adjusted basis, the company’s first-quarter 2021 earnings were $900mn, or $2.95 per diluted share, compared to $741mn, or $2.47 per diluted share, in the first quarter of 2020. “Over the […]

Talos Energy Announces 1Q:21 Results

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(Talos Energy, 5.May.2021) — Talos Energy Inc. (NYSE: TALO) announced its operational and financial results for the first quarter of 2021. Key Highlights: Successful high-impact sub-salt Miocene deepwater exploration discovery at Puma West, located approximately 15 miles from the prolific Mad Dog field.Successful multi-well drilling program at Green Canyon 18 […]

Go Solar Group Enters Residential Solar Market In New Mexico

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(Go Solar, 4.May.2021) — Salt Lake City-headquartered residential solar company, Go Solar Group, has announced its official expansion to New Mexico’s residential solar market. In addition to helping New Mexico homeowners save thousands of dollars on electric bills, Go Solar Group offers customers a unique opportunity, free of charge, to support the expansion of clean […]

Sempra Releases 2020 Corporate Sustainability Report

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(Sempra 28.Apr.2021) — Sempra Energy (NYSE: SRE) released its 2020 Corporate Sustainability Report, highlighting the company’s actions to create long-term value for shareholders and other stakeholders by managing risks and capturing opportunities related to environmental, social and governance (ESG) factors. The company’s actions are anchored to its four key sustainability […]

Chesapeake Reveals CEO’s Departure

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(Chesapeake Energy, 27.Apr.2021) — Chesapeake Energy Corporation (NASDAQ:CHK) announced the departure of Doug Lawler from his position as Chief Executive Officer of Chesapeake, effective 30 April 2021. Mike Wichterich, the Chair of Chesapeake’s Board of Directors, will serve as Interim Chief Executive Officer while the Board of Directors conducts a […]

Talos Energy Announces BODs Nomination

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(Talos Energy, 27.Apr.2021) — Talos Energy Inc. announced the nomination of Paula R. Glover for election to the Talos Board of Directors. Formal voting and confirmation of the appointment will be completed as part of the Company’s Annual Meeting of Stockholders scheduled for 11 May 2021 at 10:00 AM Central […]

LatAm Briefs: Terpel LPG Station In Cartagena, Hess Conf. Call

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(Energy Analytics Institute, 26.Apr.2021) — Energy briefs from the Latin America and Caribbean region including: Terpel inaugurating Colombia’s first LPG service station in Cartagena and Hess Corporation hosting its 1Q:21 conference call to talk about Guyana and other country developments within its portfolio. Terpel Inaugurates LPG Services Station in Cartagena […]

Alaska Airlines Commits to Carbon Goals

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(Alaska Airlines, 21.Apr.2021) — Alaska Airlines announced its commitment and roadmap to reduce the company’s carbon emissions to net-zero by 2040, and commitments across carbon, waste, and water impacts by 2025. Today’s announcement included the release of Alaska’s 2020 LIFT Sustainability Report detailing the company’s broader climate change strategy, including […]

PHX Minerals Prices Stock Offering

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(PHX Minerals, 16.Apr.2021) — PHX Minerals Inc. priced an underwritten public offering of 5,500,000 shares of the company’s common stock at a price to the public of $2 per share. The company was initially offering 5,000,000 shares of common stock.  In addition, the company granted the underwriters a 30-day option […]