(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 […]
Category: USA
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 – […]
ExxonMobil Reports 4Q:20 Results, Talks Forward Plans
(Exxon, 2.Feb.2021) — Exxon Mobil Corporation today announced an estimated fourth quarter 2020 loss of $20.1bn, or $4.70 per share assuming dilution. Fourth quarter capital and exploration expenditures were $4.8bn, bringing full-year spending to $21.4bn, $9.8bn lower than the prior year. Fourth Quarter and Full-Year 2020 Results — Fourth quarter […]
Sempra On Fortune’s ‘Most Admired Companies’ List
(Sempra, 1.Feb.2021) — Sempra Energy has again been named one of the “World’s Most Admired Companies” for 2021 by Fortune Magazine. This marks the 11th year that the company has been included on the annual list, which recognizes global businesses with the strongest corporate reputations within their sectors and across industries. […]
PDVSA Ad Hoc Board Head Calls Citgo “Crown Jewel”
(Energy Analytics Institute, 29.Jan.2021) — The president of the Ad Hoc Board of Petróleos de Venezuela (PDVSA) called US-based refiner Citgo Petroleum the “crown jewel” of the company’s international assets. Horacio Medina, the President of PDVSA’s Ad Hoc Board, said the situation regarding actions taken during 2019-2020 by Interim President […]
EOG Schedules 4Q:20 Conference Call , Webcast
(EOG, 29.Jan.2021) — EOG Resources, Inc. (EOG) will host a conference call and webcast to discuss fourth quarter and full year 2020 results on Friday, 26 February 2021, at 9 a.m. Central time (10 a.m. Eastern time). Please visit the Investors/Events & Presentations page on the EOG website to access […]
General Motors Plans To Be Carbon Neutral By 2040
(GM, 28.Jan.2021) — Today, GM announced that it plans to become carbon neutral in its global products and operations by 2040 and has committed to setting science-based targetsⁱⁱ to achieve carbon neutrality. The company has also signed the Business Ambition Pledge for 1.5⁰C, an urgent call to action from a […]
Antony Blinken Named US Secretary of State
(Energy Analytics Institute, 27.Jan.2021) — The US Department of the Treasury confirmed appointment of Antony Blinken as the agency’s new head, taking the helm after the departure of Michael Pompeo. Blinken is a Former Deputy Secretary of State & Deputy Nation Security Agency under the administration of former US President […]
Exxon To Host 4Q:20 Earnings Call
(Energy Analytics Institute, 27.Jan.2021) — Irving, Texas-based oil giant Exxon announced details of its fourth quarter 2020 earnings call. Darren Woods, Chairman and Chief Executive Officer, and Stephen Littleton, Vice President and Secretary, will lead the discussion of the company’s fourth quarter 2020 financial and operating results via webcast with […]
Climate Commitments Top Energy, Mining Agendas
(WoodMac, 27.Jan.2021) — 2020 was the year that climate change became a dominant force for commodities. In response, a slew of companies and governments made ambitious net zero commitments. Renewables grew in importance in some oil and gas companies’ portfolios and as a power source for mining. Carbon pricing accelerated, […]
Hess Updates On Ops In The US, Guyana And Malaysia
(Hess, 27.Jan.2021) — Hess Corporation provided operational highlights from the fourth quarter of 2020 and its operations in the US Bakken, the US Gulf of Mexico, offshore Guyana and Malaysia. Bakken (Onshore U.S.): Net production from the Bakken increased to 189,000 boepd from 174,000 boepd in the prior-year quarter. Net […]
Hess Reports 4Q:20 Net Loss
(Hess, 27.Jan.2021) — Hess Corporation reported a net loss of $97mn, or $0.32 per common share, in the fourth quarter of 2020, compared with a net loss of $222mn, or $0.73 per common share, in the fourth quarter of 2019. On an adjusted basis, the corporation reported a net loss […]
US Secretary Of State Antony J. Blinken Press Briefing
(US State Department, 27.Jan.2021) — Remarks to the Press from US Secretary of State Antony J. Blinken from the Press Briefing Room in Washington, DC. MR PRICE: Good afternoon. Welcome back to the briefing room, to your briefing room. We’ll be spending quite a bit of time together starting very […]
Hess Corp.’s 4Q:20 Earnings Call Transcript
(Seeking Alpha, 27.Jan.2021) — A full transcript of the Hess Corporation4Q 2020 earnings conference call from 27 January 2021 at 10:00 am ET follows here. Executives Jay Wilson – VP, IR John Hess – CEO Greg Hill – COO John Rielly – CFO Analysts Jeanine Wai – Barclays Capital Doug […]
Fact Sheet: Biden’s Climate Crisis Executive Actions
(The White House, 27.Jan.2021) — Biden-Harris Administration Commits on Climate Change – Creating Jobs, Building Infrastructure, and Delivering Environmental Justice Today, President Biden will take executive action to tackle the climate crisis at home and abroad while creating good-paying union jobs and equitable clean energy future, building modern and sustainable […]
Exxon Mobil Declares 1Q:21 Dividend
(Energy Analytics Institute, 27.Jan.2021) — Irving, Texas-based Exxon Mobil Corporation announced that its Board of Directors declared a cash dividend of $0.87 per share on the common stock. The dividend is payable on 10 March 2021 to shareholders of record of common stock at the close of business on 10 […]
Hess Announces 2021 E&P CAPEX Of $1.9bn
(Hess, 25.Jan.2021) — Hess today announced a 2021 Exploration & Production capital and exploratory budget of $1.9bn, of which more than 80% will be allocated to Guyana and the Bakken. Net production is forecast to average approximately 310,000 barrels of oil equivalent per day in 2021, excluding Libya. Bakken net […]
Sungrow Supplies 100 MW Energy Project In Texas
(Sungrow, 22.Jan.2021) — Sungrow, the global leading inverter solution supplier for renewables, announced that it has forged a contract to supply its fully integrated Energy Storage System to the 100 MWac Chisholm Grid project in Fort Worth, Texas. Chisholm Grid has been under construction since August of 2020 and will […]
Nickel Rock Resources Targets Lithium Clay
(Nickel Rock Resources, 21.Jan.2021) — Nickel Rock Resources Inc. reported that prior to implementing a reconnaissance drilling campaign on its 100% owned Clayton Valley Project adjoining a western portion of neighbouring lithium producer Albemarle’s evaporation ponds a staking program is now in progress. This new staking program is expanding our […]
Exxon’s 4Q:20 Results Call
(Exxon, 20.Jan.2021) — Please join Darren Woods, Chairman and Chief Executive Officer, and Stephen Littleton, Vice President and Secretary, for a discussion of fourth quarter 2020 financial and operating results via webcast with slide presentation at 8:30 a.m. Central Time on Tuesday, 2 February 2021. Click here to join the […]
Kosmos Boast GOM Exploration Success
(Kosmos, 19.Jan.2021) — Kosmos Energy announced an oil discovery in the US Gulf of Mexico at the Winterfell infrastructure-led exploration (“ILX”) well (Kosmos working interest 17.5%). Winterfell was designed to test a sub-salt Upper Miocene prospect located in Green Canyon Block 944. The well encountered approximately 26m (85ft) of net […]
FMC Updates 4Q:20 Outlook, Highlights Brazil, Argentina
(FMC, 19.Jan.2021) — FMC Corporation it is reducing its fourth quarter 2020 outlook. The company is proceeding through its quarterly close, and based on preliminary results expects fourth quarter revenue of approximately $1.15bn as compared with prior guidance of $1.23bn to $1.29bn, and fourth quarter adjusted EBITDA in the range […]
Tetra On Mineral, Low Carbon Energy Initiatives
(Tetra Technologies, 19.Jan.2021) — Tetra Technologies, Inc. announced that Tim Moeller, Senior Vice-President Chemicals and Supply Chain, has been assigned to lead the company’s initiatives involving its industrial products and key mineral resources in the company’s Arkansas brine leases to support carbon capture and advances in energy storage and battery […]
CSI Compressco Announces Quarterly Distribution
(Energy Analytics Institute, 19.Jan.2021) — CSI Compressco LP’s board of directors of its general partner has declared a cash distribution attributable to the quarter ended 31 December 2020 of $0.01 per outstanding common unit, or $0.04 per outstanding common unit on an annualized basis. CSI, which provides compression services and […]
CSI Compressco On 4Q:20 Conference Call, Webcast
(CSI Compressco LP, 19.Jan.2021) — CSI Compressco LP expects to release its fourth quarter and full year 2020 results before the opening of the market on Wednesday, 24 February 2021. Following the release, CSI Compressco will host a conference call at 10:30 a.m. Eastern Time to discuss the results. CSI […]
OFAC Sanctions Individuals, Entities And Vessels
(Energy Analytics Institute, 19.Jan.2021) — The US Department of State updated its list of designated nationals; entities and vessels assisting Venezuela’s President Nicolas Maduro cling to power. The list follows. The following individuals have been added to OFAC’s SDN List: APIKIAN, Philipp Paul Vartan; DOB 15 Jan 1969; POB Geneva, […]
Trump Hits Venezuela With Sanctions
(AP, 19.Jan.2021) — The Trump administration issued a parting shot at Venezuelan President Nicolás Maduro on Tuesday, announcing a sweeping round of stiff financial sanctions that target a network accused of moving oil on behalf of the president’s alleged frontman. In a sign of future U.S. policy toward Venezuela, President-elect […]
Treasury Targets Venezuelan Sanctions Evasion Network
(US Treasury, 19.Jan.2021) — Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated three individuals, fourteen entities, and six vessels for their ties to a network attempting to evade United States sanctions on Venezuela’s oil sector. The illegitimate Maduro regime has continued to use Petroleos […]
Venezuela Orders Arrest Of New Citgo Board Member
(Reuters, 18.Jan.2021) — Venezuelan authorities issued an arrest warrant for a new member of the board of directors of U.S.-based refining firm Citgo Petroleum Corp named by the opposition this month, chief prosecutor Tarek Saab said on Monday. Saab said Jose Ramón Pocaterra was “illegally designated” to the board of […]
Judge Approves Citgo Parent Share Sale
(Argus, 14.Jan.2021) — Venezuela inched closer to losing control of its US refining subsidiary Citgo today after a federal judge began crafting a sale process for shares of its controlling company to pay off the country’s international debts. The court will move forward with the process of selling shares of […]
Slidgo Announces X8 Quick-Folding Electric Scooter
(Adorama, 13.Jan.2021) — Slidgo announced the new X8 Electric Scooter designed to make transportation fun, easy and accessible, at an affordable price. Available exclusively at Adorama, the Slidgo X8 Electric Scooter is the optimal choice for anyone looking for a sustainable and efficient way to get around town, without compromising style, […]
Cheinere Marks Arrival Of First Cargo With CPC Taiwan
(Energy Analytics Institute, 12.Jan.2021) — Cheniere Energy announced arrival of its first cargo under a long-term contract with CPC Taiwan, the first of hundreds over the next 25 years. Cheniere said in a social media post that its partnership with CPC “will help deliver lower carbon emissions and increased energy […]
Hess Reveals 4Q:20 Earnings Conference Call Date
(Hess, 8.Jan.2021) — Hess will hold a conference call on Wednesday 27 January 2021 at 10 a.m. Eastern Time to discuss its fourth quarter 2020 earnings release. To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 3282638 after 9:45 a.m. […]