(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 […]
Category: USA
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. […]
TechnipFMC On Activities Toward Separation
(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 […]
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 Guaidó Govt Saved Citgo
(Energy Analytics Institute, 29.Dec.2020) — Houston-based refiner Citgo Petroleum, owned by Venezuela’s state oil and gas company Petróleos 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 Energía Costa Azul LNG Export Project
(Total, 10.Dec.2020) — Total, Sempra LNG and IEnova signed binding agreements finalizing Total’s equity investment in the Energía 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 Simón Bolívar 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 Guaidó, 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 […]