(TechnipFMC, 7.Jan.2021) — TechnipFMC plc announced the resumption of activities toward its planned separation into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider; and Technip Energies, a leading engineering and technology player. The separation would enhance TechnipFMC’s and Technip Energies’ focus on their respective […]
Category: USA
Jose R. Pocaterra Joins Citgo Board Of Directors
(Citgo, 6.Jan.2021) — The Citgo Petroleum Corporation Board of Directors announced that Jose R. Pocaterra has been named to the Board of Directors, replacing Edgar Rincon who remains Citgo’s Chief Operating Officer and Executive Vice President. “Jose Pocaterra brings more than 20 years of international experience in the financial, business […]
EU Commission President On US Election
(Energy Analytics Institute, 6.Jan.2021) — EU Commission President Ursula von der Leyen comments on US elections and recognition of Joe Biden as the next US president. “I believe in the strength of US institutions and democracy. Peaceful transition of power is at the core,” Leyen said in a post 6 […]
Pompeo On Win-Win Solutions, Capital Storming
(Energy Analytics Institute, 6.Jan.2021) — US Secretary of State Michael Pompeo comments on win-win mineral solutions in certain countries from DRC to Brazil as well as other issues related to US LNG and the violent storming of the US Capital building in Washington, DC by supports loyal to outgoing US […]
Apache Creates Holding Company Structure
(Apache, 4.Jan.2021) — Apache Corporation announced that its Board of Directors authorized the company to create a holding company structure. Upon its formation, APA Corporation, the new holding company, will replace Apache Corporation as the public company trading on the Nasdaq stock exchange. Existing shares of Apache will be automatically […]
Pattern Starts Building Wind Projects In NM
(Pattern Energy, 4.Jan.2021) — Pattern Energy Group LP completed financing and started the full construction process of its Western Spirit Transmission line and its suite of Western Spirit Wind power projects totaling more than 1,050 megawatts (MW), located in Guadalupe, Lincoln and Torrance Counties in central New Mexico. The projects […]
EOG Resources Promotes Ezra Yacob To President
(EOG Resources, 4.Jan.2021) — EOG Resources’ Board of Directors promoted Ezra Y. Yacob to President of EOG effective immediately. Since December 2017, Yacob has held the position of Executive Vice President, Exploration and Production responsible for EOG’s Fort Worth, Artesia and International operating areas. “Ezra Yacob has consistently demonstrated exceptional […]
Eurasia Group Publishes Top Risks For 2021
(Eurasia Group, 4.Jan.2021) — As we begin 2021, the United States is the most powerful, politically divided, and economically unequal of the world’s industrial democracies. China is America’s strongest competitor, a state capitalist, authoritarian, and techno-surveillance state that is increasingly mistrusted by most G20 countries. Germany and Japan are much […]
United Airlines Going 100% Green By 2050
(Energy Analytics Institute, 4.Jan.2021) — Houston-based United Airlines announced plans to cut its greenhouse gas emissions. “We are going 100% green by 2050 by reducing our greenhouse gas emissions 100%,” United said in a corporate video posted on Twitter. “See how we’re making sustainability the new standard in flight.” “The […]
20 Companies: The Biggest Polluters In The World
(Insider Monkey, 2.Jan.2021) — In this article we are going to list the 20 companies that are the biggest polluters in the world. Click to skip ahead and jump to the 10 companies that are the biggest polluters in the world. Look, I don’t think there are many educated people […]
The Oil Industry Is Stuck in Virus Alley
(IHS Markit, 29.Dec.2020) — Prices won’t break out of the $40 to $50 range until consumption gets back to normal sometime next year. When will oil sustainably break out of the “Virus Alley”—that $40 to $50 band that has held oil prices in check for months? That’s Question No. 1 […]
![Citgo Releases First-Ever ESG Report [PDF DOWNLOAD]](https://energy-analytics-institute.org/wp-content/uploads/2020/12/qtq80-NEPfid.jpeg)
Citgo Releases First-Ever ESG Report [PDF DOWNLOAD]
(Citgo, 29.Dec.2020) — Marking a new chapter of heightened corporate transparency, responsibility and accountability, Citgo Petroleum Corporation today released its first-ever report detailing the company’s extensive environmental, social and governance (ESG) initiatives. Information contained in this release highlights the company’s progress in 2019 consistent with the accompanying report, as well […]
Carlos Vecchio Says GuaidĂł Govt Saved Citgo
(Energy Analytics Institute, 29.Dec.2020) — Houston-based refiner Citgo Petroleum, owned by Venezuela’s state oil and gas company PetrĂłleos de Venezuela (PDVSA), continues to benefit from US legal actions to extend protection from creditors until July 2021, says Carlos Vecchio, the Venezuela’s ambassador to the US under the government of opposition […]
Entergy And Holtec Request Transfer Of Nuclear Plant
(Entergy, 23.Dec.2020) — Entergy Corporation and Holtec International, through their affiliates, jointly submitted a License Transfer Application today with the US Nuclear Regulatory Commission requesting approval to transfer the NRC licenses for the Palisades Nuclear Plant to Holtec following its shutdown and permanent defueling in the spring of 2022. “Holtec’s […]
Citgo Plans Q4 2021 Overhaul At Corpus Christi Refinery
(Reuters, 21.Dec.2020) — Citgo Petroleum Corp plans an overhaul at its 167,500 barrel-per-day (bpd) Corpus Christi, Texas, refinery in the fourth quarter of 2021, the company said on Monday. The fourth-quarter 2021 turnaround could be rescheduled, Citgo said. Sources told Reuters on Friday that Citgo was postponing planned maintenance scheduled […]
Dominion Plans Virginia Offshore Wind Project
(Dominion Energy, 18.Dec.2020) — Dominion Energy filed with the Bureau of Ocean Energy Management (BOEM) the required Construction and Operations Plan (COP) to build the 2,640-megawatt Coastal Virginia Offshore Wind (CVOW) commercial project, the largest planned offshore wind farm in the United States. “This is an important step in the […]
Citgo Closes New A/R Securitization Facility
(Citgo, 18.Dec.2020) — Citgo Petroleum Corporation announced that it has entered into an agreement with Barclays as Program Administrator for a two-year $250mn accounts receivable securitization facility. The facility will enable Citgo to raise incremental, low-cost funding and enhance its financial flexibility. Proceeds made available to Citgo from the facility […]
CSI Compressco LP Regains NASDAQ Compliance
(CSI, 18.Dec.2020) — CSI Compressco LP received a letter from the Nasdaq Stock Market LLC on 17 December 2020 which contained a NASDAQ compliance determination that the partnership has regained compliance with NASDAQ Listing Rule 5450(a)(1), which requires listed securities to maintain a minimum closing bid price of $1/unit. CSI […]
Biden To Seek Talks With Maduro Regime
(Bloomberg, 18.Dec.2020) — President-elect Joe Biden’s advisers are preparing to negotiate with Nicolas Maduro’s regime in Venezuela in an effort to end the Western Hemisphere’s worst economic and humanitarian crisis, according to three people familiar with the matter. The Biden administration intends to push for free and fair elections, offering […]
Matson Takes Delivery Of ‘Matsonia’
(Matson, 18.Dec.2020) — Matson, Inc., a leading US carrier in the Pacific, took delivery of Matsonia, the second of two new Kanaloa Class combination container / roll-on, roll-off (“con-ro”) ships built for Matson by General Dynamics NASSCO. The two are the largest vessels of their kind ever built in the […]
Gas South Completes Purchase Of Infinite Energy
(Gas South, 18.Dec.2020) — Gas South closed its acquisition of Infinite Energy. Gas South expects the acquisition to more than double its annual revenue to nearly $1bn and to expand its customer base to over 425,000 residential, commercial, industrial and wholesale customers throughout the southeastern U.S. Under the terms of […]
KOMAX Desuperheaters Generating Energy
(Komax, 15.Dec.2020) — Komax Systems, Inc., has created a desuperheater that works for both gas and steam applications and is helping harness the energy of the future, liquified natural gas (LNG). The Purpose of Desuperheaters Desuperheaters are used to precisely control the temperature and pressure of steam in a variety […]
CEMEX USA Offers Vertua® Low Carbon Concrete In US
(CEMEX, 15.Dec.2020) — CEMEX announced that Vertua®, its brand of low carbon ready-mix concrete, is now available in the U.S. after successful introductions in Mexico and Europe. The Vertua® line offers a range of products — including Vertua® Classic, Vertua® Plus and Vertua® Ultra — designed to achieve progressively greater reductions […]
Biden Presidency To Reset US Sanctions Focus
(Argus, 14.Dec.2020) — Washington’s failure in the past two years to force regime change in Caracas by means of severe sanctions gives the incoming US administration of president-elect Joe Biden an opportunity to try a more diplomacy-focused approach. Biden’s policy goal for Venezuela — ensuring a free and fair election […]
Braskem Announces Research Partnership
(Braskem, 14.Dec.2020) — Braskem, the largest polyolefins producer in the Americas and a leading producer of biopolymers in the world, has joined forces with the University of Illinois Chicago (UIC) to develop a new route for producing ethylene, a raw material used to make thermoplastic resins. This route will use […]
Talos Reveals Proposed $400mn Notes Offering
(Talos, 14.Dec.2020) — Talos Energy Inc. announced that Talos Production Inc., a wholly owned subsidiary of Talos Energy, has commenced an offering of $400mn in aggregate principal amount of new Second-Priority Senior Secured Notes due 2026 (the “new notes”). The company intends to use the net proceeds from the Offering […]
Total Closes Participation in the EnergĂa Costa Azul LNG Export Project
(Total, 10.Dec.2020) — Total, Sempra LNG and IEnova signed binding agreements finalizing Total’s equity investment in the EnergĂa Costa Azul liquefied natural gas export project (ECA LNG), located in Baja California, Mexico. Total now holds a 16.6% equity share of the project, for which the final investment decision was taken last […]
NASA To Provide Livestream Of Solar Eclipse
(NASA, 10.Dec.2020) — NASA will provide live coverage 14 December 2020, of a solar eclipse that will pass over South America, treating parts of Chile and Argentina to views of a total eclipse of the Sun. A Spanish-language program will air on NASA Television and the public channel on the […]
![NGOs Vital In Helping With Humanitarian Crisis [Video]](https://energy-analytics-institute.org/wp-content/uploads/2019/02/NewsRoomHeaderRight-citgo.jpg)
NGOs Vital In Helping With Humanitarian Crisis [Video]
(Citgo, 10.Dec.2020) — NGOs and other private philanthropic groups are increasingly critical in helping address the deteriorating humanitarian crisis in Venezuela, according to three diverse panels of leading experts recently convened in Houston via webinar by the SimĂłn BolĂvar Foundation. Panelists from the international development and humanitarian relief sector pointed […]
Cheniere Commissions 1st CCL Train 3 Cargo
(Energy Analytics Institute, 9.Dec.2020) — Cheniere Energy announced the commissioning of its first cargo for “CCL’s Train 3 and also CCL’s 200th cargo, loading today onto the lovely La Mancha Knutsen.” Cheniere continues on track ahead of schedule on Train 3, the company said 9 December 2020 in a post […]
US Applauds Interim Govt’s “People’s Vote”
(US State Department, 8.Dec.2020) — The United States continues to support Interim President Juan GuaidĂł, the National Assembly, and the Venezuelan people in their struggle to restore democracy in their country. From December 7 to 12, the Venezuelan people will have the opportunity to voice their opinion of the illegitimate […]
Energy Capital Vietnam And Gunvor Form Trade JV
(ECV, 8.Dec.2020) — Energy Capital Vietnam (ECV), a US-based project holding and development company established in 2015 to serve as a platform for private investment into Vietnam, has announced the formation of a joint venture (JV) with Gunvor International BV (Gunvor), one of the world’s leading independent energy commodities trading […]
Chairman Risch On Fraud Elections In Venezuela
(US Senate, 7.Dec.2020) — US Senator Jim Risch (R-Idaho), chairman of the Senate Foreign Relations Committee, released the following statement on yesterday’s fraudulent congressional elections in Venezuela: “The Maduro regime’s dismantling of the National Assembly, the last remaining democratic institution in Venezuela, is shameful, but predictable. The absence of representative […]
Dems Statement Ahead Of Elections In Venezuela
(US Senate, 4.Dec.2020) — US Senate Foreign Relations Committee Ranking Member Bob Menendez (D-N.J.) and Senate Democratic Whip Dick Durbin (D-Ill.) issued the following statement denouncing the Maduro regime’s sham elections scheduled to take place on Sunday, December 6. “For nearly two years, world leaders have stood in solidarity with […]
Sempra Announces Integrated Transactions
(Sempra, 2.Dec.2020) — Sempra Energy announced a series of integrated transactions intended to simplify its energy infrastructure investments under one platform – creating scale, unlocking portfolio synergies and better positioning the business for growth. To accomplish this, the company announced its intention to launch a stock-for-stock exchange offer for the […]
Trump To Add SMIC And CNOOC To Defense Blacklist
(Reuters, 29.Nov.2020) — The Trump administration is poised to add China’s top chipmaker SMIC and national offshore oil and gas producer CNOOC to a blacklist of alleged Chinese military companies, according to a document and sources, curbing their access to U.S. investors and escalating tensions with Beijing weeks before President-elect […]
Venezuela Judge Convicts Citgo-6, Orders Prison
(AP, 27.Nov.2020) — Six American oil executives held for three years in Venezuela were found guilty of corruption charges by a judge Thursday and immediately sentenced to prison, dashing hopes of a quick release that would send them home to their families in the United States. Some relatives had been […]
Venture Global LNG Awards KBR Contract Export Facility
(Venture Global, 23.Nov.2020) — Venture Global LNG, Inc. announces that KBR has been awarded the engineering, procurement and construction (EPC) contract as lead contractor for Phase 1 of the Plaquemines LNG export project currently under development in Plaquemines Parish, Louisiana. KBR will integrate highly modularized, owner-furnished equipment for the 10 […]
Talos Apparent High Bidder On Federal Lease Sale Blocks
(Talos, 20.Nov.2020) — Talos Energy Inc. is the apparent high bidder on two deepwater blocks in the recent Outer Continental Shelf (“OCS”) Federal Lease Sale 256, held on 18 November 2020. Talos placed a sole bid on Viosca Knoll 1000 as well as a joint bid with an affiliate of […]
ReneSola And Innova Form Solar Projects JV In The UK
(ReneSola, 19.Nov.2020) — ReneSola Ltd, a leading fully integrated solar project developer, and Innova, a company that invests in and operate a diversified portfolio of UK renewable energy assets, with a focus on utility-scale ground mounted and commercial roof top solar installations, located at agricultural, industrial and commercial sites, today […]
Panasonic And Equinor Eye European Battery Business
(Panasonic, 18.Nov.2020) — The companies will work together towards summer 2021 to assess the market for lithium-ion batteries in Europe and mature the business case for a green battery business located in Norway. The companies intend that this initiative is based on Panasonic’s leading technology and targets the European market […]
Sempra Declares Common, Preferred Dividends
(Sempra, 18.Nov.2020) — Sempra Energy announced that its board of directors has declared a $1.045 per share quarterly dividend on the company’s common stock, which is payable 15 January 2021, to common stock shareholders of record at the close of business on 18 December 2020. Sempra Energy’s board of directors […]
AES And AIMCo To Form US Renewables Platform
(AES, 17.Nov.2020) — The AES Corporation announced an agreement with Alberta Investment Management Corporation (AIMCo) to merge the sPower development platform, a leading independent solar developer in the US, with AES’ US-based clean energy development business to accelerate the safe, reliable transition to cleaner energy solutions in the country. AES’ […]
BP Energy Acquires Encino Environmental Services, LLC
(BP, 17.Nov.2020) — BP Energy Partners, LLC (BPEP) announced acquisition of Encino Environmental Services, LLC, an environmental consulting and services business that enables compliance with government regulations along with providing carbon emissions benchmarking and mitigation strategies to achieve Environmental, Social and Governance (ESG) goals. Encino specializes in emissions performance testing, […]
Nucor Inks Virtual Power Purchase Deal In Texas
(Nucor, 13.Nov.2020) — Nucor Corporation signed a 15-year Virtual Power Purchase Agreement (VPPA) with EDF Renewables North America (EDFR) for 250 megawatts (MWac) of new solar energy in Texas. The agreement, which will enable EDFR to add more clean energy to the region’s power grid, is Nucor’s first VPPA and […]
Citgo Reports Third Quarter 2020 Results
(Citgo, 13.Nov.2020) — Citgo Petroleum Corporation’s third quarter results were driven by the economic effects of the Covid-19 pandemic, which affected the refining industry as a whole, and were further affected by an eight-week shutdown at the Lake Charles, La. refinery due to Hurricanes Laura and Delta. As a result […]
Houston American Energy Reports Executive Changes
(Houston American Energy, 12.Nov.2020) — Houston American Energy Corp. announced certain management changes. James Schoonover, the company’s President and Chief Executive Officer, has advised the company that he would be stepping down from those positions, effective 1 December 2020. Mr. Schoonover joined the company’s board in April 2018 and assumed […]
Sempra And Salk Partner In Carbon Capture Deal
(Sempra Energy, 9.Nov.2020) — Sempra Energy and the Salk Institute today announced a new project to advance plant-based carbon capture and sequestration research, education and implementation to help address the climate crisis. Sempra Energy is donating $2mn to the Salk Institute to help fund the five-year project. “There is incredible […]
AES Attains Second Investment Grade Rating
(AES, 6.Nov.2020) — The AES Corporation reported financial results for the quarter ended 30 September 2020. “I am pleased to announce that we have already achieved two of our top three priorities for 2020 by attaining a second investment grade rating and reducing our coal generation to 29%. With our […]
Sempra Energy Excited About US Position
(Sempra, 5.Nov.2020) — Sempra Energy reported third-quarter 2020 earnings of $351mn, or $1.21 per diluted share, compared to third-quarter 2019 earnings of $813mn, or $2.84 per diluted share. On an adjusted basis, the company’s third-quarter 2020 earnings were $380mn, or $1.31 per diluted share, compared to $425 million, or $1.50 […]