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HomeFinance

Finance

Keystone XL has work suspended by TC Energy - Energy News Beat
Finance

TC Energy and TC PipeLines, LP complete merger

March 3, 2021 Stu Turley

TC Energy Corporation (TSX, NYSE: TRP) (TC Energy) and TC PipeLines, LP (NYSE:TCP) (TCP) today announced that they have completed the previously announced merger (the Merger) pursuant to an Agreement and Plan of Merger dated December 14, […]

The Vanguard Group Climate Activist Who Took On BlackRock Now Takes Aim at Vanguard
ENB Pub Note

Climate Activist Who Took On BlackRock Now Takes Aim at Vanguard

March 3, 2021 Stu Turley

Energy News Beat Publishers Note: Interesting to watch as the Vanguard Group was successful in pushing BlackRock. Casey Harrell, the campaigner whose sustained pressure was instrumental in pushing BlackRock Inc. to act against climate change, approaches his work […]

Austin Texas - Energynewsbeat
Bankruptcy

Brazos Becomes Rare ‘Failing Angel’ After Texas Storm Bankruptcy

March 2, 2021 Stu Turley

Brazos Electric Power Cooperative joined a rare club of investment-grade companies that filed for bankruptcy after the Texas power firm collapsed under a brutal winter storm, highlighting the growing risk of climate change. In Wall Street […]

Clearway Energy - energynewsbeat.com
Earnings

Clearway Energy, Inc. Reports Full Year 2020 Financial Results

March 2, 2021 Stu Turley

Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today reported fourth quarter 2020 financial results, including Net Loss of $73 million, Adjusted EBITDA of $229 million, Cash from Operating Activities of $104 million, and Cash Available for […]

Earnings

Exterran Corporation Announces Fourth Quarter and Full Year 2020 Results

March 2, 2021 Stu Turley

Exterran Corporation (NYSE: EXTN) (“Exterran” or the “Company”) today reported fourth quarter financial results. Andrew Way, Exterran’s President and Chief Executive Officer commented, “Despite the challenges that 2020 presented, the Company finished the year on […]

Aramco seeks one-year extension on US$10 billion loan:
Crude Oil News

Aramco seeks one-year extension on US$10 billion loan: sources

February 28, 2021 Stu Turley

Saudi Aramco has asked banks to extend by a year a US$10 billion loan it raised last May, two sources familiar with the matter said, suggesting that rebounding crude prices are not pushing the oil […]

Mexican state oil firm Pemex reports $23 billion loss in 2020
Earnings

Mexican state oil firm Pemex reports $23 billion loss in 2020

February 27, 2021 Stu Turley

Mexico City: Mexican state energy giant Pemex on Friday reported a loss of around $23 billion in 2020 as it grappled with a slump in oil demand caused by the coronavirus pandemic. The company said it had […]

Asian banks are failing on climate by channeling billions into coal
Coal

Asian, US, banks are failing on climate by channeling billions into coal, report says

February 27, 2021 Stu Turley

Many of the world’s leading financial institutions have pledged in recent years to slash their support for the coal and oil industries. But a new report has found that hundreds of billions of dollars are […]

Austin Repairman - EnergyNewsBeat.com
Electrical Generation / Utilities

Texas’s Power Market Is $1.3 Billion Short After Energy Crisis

February 27, 2021 Stu Turley

Texas’s grid operator needs to come up with $1.3 billion to pay power plants for energy they supplied during last week’s historic blackouts, raising the prospect it may require a state bailout. The Electric Reliability […]

CNOOC 2 -energynewsbeat.com
Finance

NYSE begins move to delist Chinese state oil producer CNOOC

February 27, 2021 Stu Turley

The New York Stock Exchange on Friday decided to begin formal delisting of Chinese state oil giant CNOOC Ltd based on an update to an executive order signed by former U.S. President Donald Trump in […]

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