(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 […]
Category: USA
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 Andrés 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 Simón Bolívar 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 […]
NiSource Reports 2020 Results
(NiSource, 17.Feb.2021) — NiSource Inc. announced, on a GAAP basis, net income available to common shareholders for the three months ended 31 December 2020 of $70.7mn, or $0.18/share, compared to a net loss available to common shareholders of $153mn, or $0.41/share, for the same period of 2019. For the 12 […]
Consumers Energy Crews Headed To North Carolina
(Consumers Energy, 17.Feb.2021) — Nearly 50 Consumers Energy workers are headed to North Carolina this morning to help restore power after tens of thousands of customers were left without power from a series of severe storms across the Southern and Southeastern U.S. in the last several days. The 15 Consumers […]
Ovintiv Reveals Governance, Environmental Initiatives
(Ovintiv, 17.Feb.2021) — Ovintiv Inc., in conjunction with reporting its fourth quarter and full-year 2020 results, provided an update on enhanced corporate governance, compensation and environmental initiatives. Highlights: — Executive Compensation: Modified executive compensation program, adding debt reduction to short term incentive structure, as well as the inclusion of the […]
Genie Solar Completes Rooftop Solar Installation
(Genie Solar Energy, 16.Feb.2021) — Genie Solar Energy, a developer, designer and installer of commercial solar systems, has completed an innovative rooftop solar installation for Kraft Power, a provider of generator and cogeneration systems. Kraft Power’s 57.5 kW custom rooftop solar system was installed at its distribution center in Pompton […]
Duke’s Solar Generation Flourishes For Florida
(Duke Energy Florida, 16.Feb.2021) — Duke Energy Florida is delivering on its commitment to provide cleaner, smarter energy solutions to benefit all Florida customers. The company is investing an estimated $1bn to construct or acquire a total of 700 megawatts of cost-effective solar power facilities from 2018 through 2022 in […]
José R. Pocaterra Elected Chairman Of Citgo BODs
(Citgo, 12.Feb.2021) — The Citgo Petroleum Corporation Board of Directors announced today that Jose R. Pocaterra has been elected Chairman of the Board of Directors. Mr. Pocaterra brings more than 20 years of financial professional experience in the oil and gas industry. Mr. Pocaterra held various positions in the Budget, […]
IEnova To Report YE:20 Earnings On Feb. 18
(Sempra, 11.Feb.2021) — Sempra Energy’s Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V. (IEnova), plans to release its year-end and fourth-quarter 2020 earnings by 6 p.m. ET, 18 February 2021, in advance of a conference call with IEnova executives at 11 a.m. ET, 19 February. RELATED STORY: Sempra Energy To […]
Sempra Energy To Report YE:20 Earnings Feb. 25
(Sempra, 11.Feb.2021) — Sempra Energy plans to release its fourth-quarter and year-end 2020 earnings by 7 a.m. ET, Thursday, 25 February 2021. Sempra Energy executives will conduct a conference call at 12 p.m. ET, Thursday, 25 February. Investors, media, analysts and the public may listen to a live webcast of […]
Venture Global LNG Closes $500mn Term Loan
(Venture Global, 11.Feb.2021) — Venture Global LNG, Inc. announced today that it has closed a $500mn term loan with JPMorgan Chase Bank, N.A., Morgan Stanley Senior Funding, Inc, Mizuho Bank, Ltd., and Bank of America N.A. The proceeds will be used to fund pre-FID construction activities at the company’s […]
Talos Energy To Reveal 4Q:20, YE:20 Results Mar. 10
(Talos, 9.Feb.2021) — Talos Energy Inc. intends to release fourth quarter and full year 2020 results for the period ended 31 December 2020 on Wednesday, 10 March 2021 after the U.S. financial market closes. In addition to this release, Talos Energy will host a conference call, which will be broadcast […]
ForeFront Reveals Details Of Solar Project In Illinois
(ForeFront Power, 9.Feb.2021) — ForeFront Power, a leading developer of distributed solar and energy storage projects in the U.S., today announced commercial operation of the largest solar project in Kane County, Ill. With 7,384 panels, the 2.8-megawatt project delivers power to the Mooseheart Child City and School (Mooseheart), a non-profit […]
FMC Reports 4Q:20 Results In-Line With Guidance
(FMC, 9.Feb.2021) — FMC Corporation reported fourth quarter 2020 results that were in-line with the company’s updated outlook from 19 January 2021. Fourth quarter revenue was approximately $1.15bn, a decrease of 4% versus fourth quarter 2019. Excluding the impact of foreign currencies, sales grew 2% organically year over year. On […]
Bloomberg To Serve As UN Special Envoy For Climate
(Bloomberg Philanthropies, 5.Feb.2021) — Today, United Nations Secretary-General António Guterres announced the appointment of Michael R. Bloomberg as his Special Envoy for Climate Ambition and Solutions. The COP26 High Level Climate Action Champions, Gonzalo Muñoz and Nigel Topping, also named Mr. Bloomberg the first Global Ambassador for the Race to Zero […]
Citgo Proposes Senior Secured Notes Offering
(Citgo, 3.Feb.2021) — Citgo Petroleum Corporation has commenced a private offering exempt from the registration requirements of the Securities Act of 1933, as amended, $650mn aggregate principal amount of senior secured notes due 2026. The notes offering is subject to market and other conditions, and there is no assurance that […]
Fitch Rates Citgo’s Secured 2026 Notes ‘BB’/’RR1’
(Fitch, 3.Feb.2021) — Fitch Ratings has assigned a ‘BB’/’RR1’ to CITGO Petroleum Corporation’s (Opco) $650mn senior secured 2026 notes. Proceeds from the notes, along with cash on hand, will be used to repay CITGO Petroleum’s 6.25% secured notes due August 2022 and associated fees. The new notes will rank pari […]
Albemarle Prices Public Common Stock Offering
(Albemarle Corp., 3.Feb.2021) — Albemarle Corporation, a leader in the global specialty chemicals industry, today announced the pricing of a previously announced underwritten public offering of 8,496,733 shares of its common stock at a price to the public of $153/share. The gross proceeds from this offering are expected to be […]
Braskem Launches First Int’l Shipment From Charleston
(Braskem 3.Feb.2021) — Braskem, the largest polyolefins producer in the Americas and leading producer of biopolymers in the world, today announced the first international shipment of polypropylene from the Company’s new Global Export Hub in Charleston, S.C. Braskem’s new Global Export Hub facility provides packaging, warehousing and export shipping services […]
Citgo’s Going-Concern Value Approximately $5.78bn
(Energy Analytics Institute, 3.Feb.2021) — Houston-based refiner Citgo Petroleum’s going-concern value is approximately $5.78 billion, according to a recent analysis by Fitch Ratings. The value is based on estimated EBITDA of $1.16bn and an Enterprise Value multiple of 5.0x, Fitch announced 3 February 2021 in a Citgo update. ____________________ By […]
Exxon Mobil’s CEO Darren Woods On 4Q:20 Results
(Seeking Alpha, 2.Feb.2021) — Exxon Mobil Corporation 4Q:20 earnings conference call from 2 February 2021. Company Participants Stephen Littleton – Vice President, Investor Relations and Secretary Darren Woods – Chairman and Chief Executive Officer Conference Call Participants Doug Terreson – Evercore ISI Neil Mehta – Goldman Sachs Doug Leggate – […]