(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 […]
Category: USA
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 […]
Colonial Pipeline On System Disruption
(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
(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 VirginiaSecured a 20-year agreement for 34 TBTU of […]
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 18 […]
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 […]