(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 […]
Category: USA
Sapphire Gas Solutions Enters Renewable Natural Gas Market
(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
(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]](https://energy-analytics-institute.org/wp-content/uploads/2020/04/ER4uwmfWkAcY0D8-source-citgo.jpg)
Citgo Reports FY:20 Results [PDF Download]
(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
(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 Virginia Secured a 20-year agreement for 34 TBTU […]
Sunoco LP Reports 1Q:21 Operating Results
(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
(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
(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
(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 […]
Go Solar Group Enters Residential Solar Market In New Mexico
(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 […]
Exxon CEO Leads 1Q:21 Results Webcast
(Seeking Alpha, 30.Apr.2021) — Exxon Mobil Corporation (NYSE:XOM) hosted its 1Q:021 results conference call on 30 April 2021. What follows is a transcript of the call between company executives and analysts. Company Participants Stephen Littleton – VP, IR and Secretary Darren Woods – Chairman and CEO Conference Call Participants Devin […]
Hess Corp. Reports 1Q:21 Results
(Hess 28.Apr.2021) — Hess reported net income of $252mn, or $0.82 per common share, in the first quarter of 2021, compared with a net loss of $2,433mn, or $8.00 per common share, in the first quarter of 2020 that included impairment and other after-tax charges of $2,251mn. On an adjusted […]
Sempra Releases 2020 Corporate Sustainability Report
(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 […]
Hess Corp. CEO John Hess On 1Q:21 Results
(Seeking Alpha, 28.Apr.2021) — Hess Corporation reported its 1Q:21 results and held a conference call with analayst on 28 April 2021 to discuss the financial and operational details. What follows is the transcript of the call. Company Participants Jay Wilson – VP, IR John Hess – CEO Greg Hill – […]
Chesapeake Reveals CEO’s Departure
(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
(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
(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
(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
(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 […]
Sempra To Report 1Q:21 Earnings May 5
(Sempra, 14.Apr.2021) — Sempra Energy plans to release its first-quarter 2021 earnings by 7 a.m. ET, Wednesday, 5 May 2021. Sempra Energy executives will conduct a conference call at 12 p.m. ET, Wednesday, 5 May. Investors, media, analysts and the public may listen to a live webcast of the conference […]
Clean Energy Project Proposed In NM
(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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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 […]