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HomeFinance

Finance

Plains All American Pipeline -Energy News Beat
Bankruptcy

Plains All American Pipeline and Plains GP Holdings Report Fourth-Quarter and Full-Year 2020 Results

February 10, 2021 Stu Turley

 (GLOBE NEWSWIRE) — Plains All American Pipeline, L.P. (Nasdaq: PAA) and Plains GP Holdings (Nasdaq: PAGP) today reported fourth-quarter and full-year 2020 results and provided an update on other matters, as highlighted below. Summary Highlights Reported fourth-quarter […]

Precision Drilling -ENB
Earnings

Precision Drilling Corporation Announces 2020 Fourth Quarter and Year End Unaudited Financial Results

February 10, 2021 Stu Turley

CALGARY, Alberta, Feb. 10, 2021 (GLOBE NEWSWIRE) — This news release contains “forward-looking information and statements” within the meaning of applicable securities laws. For a full disclosure of the forward-looking information and statements and the risks […]

Total - Energy News Beat
Earnings

Total reports drop in profits, prepares for name change – becoming an energy company

February 9, 2021 Stu Turley

Total saw its fourth-quarter profit and full-year earnings plummet on the year as the Covid-19 pandemic lowered fuel demand and weighed on oil and gas prices. But the firm performed relatively well compared with its […]

Patterson-UTI - Energy News Beat
Earnings

Patterson-UTI Energy Reports Financial Results for the Three Months and Year Ended December 31, 2020

February 4, 2021 Stu Turley

PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) today reported financial results for the three months and year ended December 31, 2020.  The Company reported a net loss of $107 million, or $0.57 per share, for the fourth quarter of 2020, compared to a net […]

Earnings

Shell announces fourth quarter 2020 results

February 4, 2021 Stu Turley

Shell has announced its fourth quarter 2020 results. ‘2020 was an extraordinary year. We have taken tough but decisive actions and demonstrated highly resilient operational delivery while caring for our people, customers and communities. We are […]

Kuwaiti MPs - Energy News Beat
Crude Oil News

One of World’s Richest Nations Taps Wealth Fund as Cash Dries Up

February 3, 2021 Stu Turley

Kuwait’s government has transferred the last of its performing assets to the country’s sovereign wealth fund in exchange for cash to plug its budget deficit, after a political dispute over borrowing left one of the […]

Magellan Midstream Partners - Energy News Beat
Earnings

Magellan Midstream Reports 4th Quarter 2020 Financial Results – Distributable Cash Flow of $1.02 Billion

February 3, 2021 Stu Turley

Magellan Midstream Partners, L.P. (NYSE: MMP) today reported net income of $183.9 million for fourth quarter 2020 compared to $286.4 million for fourth quarter 2019. The decrease in fourth-quarter 2020 net income continued to be driven by reduced demand for […]

Coal Energy Produced in China - Energy News Beat
Finance

China launches carbon emissions trading scheme – If you pollute – you must implement

February 2, 2021 Stu Turley

Beijing: China launched a carbon trading system Monday designed to drive down emissions, as the world’s biggest polluter takes steps towards decarbonising its economy by 2060. The scheme lets provincial governments set pollution caps for big-power businesses for the first […]

Finance

China Solar Unit Defaults on $500 Million Amid 700% Rally

February 1, 2021 Stu Turley

A unit of GCL-Poly Energy Holdings Ltd. defaulted on a $500 million bond after ending an exchange offer with existing bondholders. GCL New Energy Holdings Ltd. announced the default in a Monday exchange filing. The […]

Exxon Faces Proxy Fight After Activist Nominates Four Directors Energy News Beat
ESG

Exxon’s New Carbon Capture Plan Looks a Lot Like Its Old One

February 1, 2021 Stu Turley

Exxon Mobil Corp. pledged to spend $3 billion on low-emission technologies through 2025 to address investor concerns over its environmental record, unveiling a plan that comprises several projects that have already been announced. Exxon said Monday […]

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