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Home2020December

Month: December 2020

Exxon - EnergyNewsBeat
Crude Oil News

Exxon signals up to $20 bln writedown to overwhelm 4th-qtr gains in oil, chemicals

December 31, 2020 Stu Turley

Exxon Mobil Corp. signaled in a regulatory filing that higher oil and gas prices and improved chemicals margins would aid fourth quarter results, but the gains would be overshadowed by an up to $20 billion […]

Tesla To Debut In India Early Next Year – Report - EnergyNewsBeat
Electric Vehicles

Tesla To Debut In India Early Next Year – Report

December 31, 2020 Stu Turley

Tesla will start selling electric vehicles (EV) in India early next year, Nitin Gadkari, the country’s transport minister confirmed during an interview with The Indian Express newspaper. The minister disclosed that Tesla (TSLA) will begin […]

Devon
M & A

Devon Energy and WPX Energy Shareholders Approve Merger of Equals

December 31, 2020 Stu Turley

TULSA, Okla.–(BUSINESS WIRE)– Devon Energy Corporation (“Devon”) (NYSE: DVN) and WPX Energy, Inc. (“WPX”) (NYSE: WPX) today announced the shareholders of both companies voted in favor of all proposals necessary for the closing of the previously announced […]

ConocoPhillips 9.7B Concho Resources acquisistion - EnergyNewsBeat
ENB Pub Note

Year in Review: ConocoPhillips’s $9.7B Concho Resources acquisition was a Deal of the Week in October

December 30, 2020 Stu Turley

Editor’s note: Through the end of December, we’re taking a look back on the Deals of the Week from 2020. This was the Deal of the Week for the Houston Business Journal’s Oct. 23-29 edition. The […]

International News

Saudi AGIC signs offtake agreements for new PP project

December 30, 2020 Stu Turley

Saudi petrochemical producer Advanced Petrochemical has signed through its subsidiary Advanced Global Investment (AGIC) offtake sales agreements of polypropylene with traders Vinmar, Tricon and Mitsubishi. These will last until 31 December 2028, with volumes to […]

US Carbon markets to expand next year - Energy News Beat
CO2 & GHG

US carbon markets to expand next year

December 30, 2020 Stu Turley

US cap-and-trade markets are poised for growth, with a number of states and regions looking to emulate the long-running programs in California and the east coast. Washington state governor Jay Inslee (D) is reviving his […]

Howard Energy Partners -Energy News Beat
Finance

Howard Energy Partners to Acquire Refinery Services Facility in Corpus Christi

December 30, 2020 Stu Turley

Javelina is a treating and fractionation plant that extracts olefins, hydrogen, and natural gas liquids (NGLs) from the gas streams produced by local refineries, creating purity products that are then sold to local markets on […]

Turkey becomes key player -EnergyNewsBeat in global wind energy
Renewables

Turkey becomes key player in global wind energy

December 30, 2020 Stu Turley

ANKARA Turkey’s wind capacity and equipment production has grown to the extent that it now ranks as one of the 10 biggest markets globally. Growth in this sector has already crowned Turkey as the fifth […]

Lukoil - Rig in Eastern Part of the Yury Korchagin Field - EnergyNewsBeat
Crude Oil News

Thirty five million tonnes of oil produced at LUKOIL’s North Caspian fields

December 30, 2020 Stu Turley

LUKOIL’s cumulative production of oil has exceeded 35 million tonnes at its Yury Korchagin and Vladimir Filanovsky fields in the North Caspian Sea. LUKOIL carried on with these projects in 2020. In particular, new production wells were drilled, as well as side-track […]

International News

JAPAN DATA: Refiners ramp up light crude imports in Nov for kerosene output

December 30, 2020 Stu Turley

Singapore — Japan’s crude oil imports in November increased from October, with shipments from Qatar, Russia and Malaysia posting sharp gains as refiners favored middle distillate-rich crude grades in an effort to boost kerosene output amid […]

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Coal

Coal makes a quiet resurgence in the clean energy era

September 28, 2023

CNN —  As momentum shifts toward clean energy, coal has had some unexpected staying power. What’s happening: Big banks like Goldman Sachs have pledged to divest from the dirty energy source, but reports that coal power is dying appear to […]

Wisconsin
EnergyNews

As Wisconsin utilities go their own way on net metering, advocates seek a unified approach to solar

September 27, 2023

​Correction: This article was updated to correct the amount that MGE compensates customers for the energy they send back to the grid. It is currently 16.6 cents per kilowatt-hour. Wisconsin utility MGE is proposing to […]

Crude Oil News

WTI Extends Gains As Cushing Stocks Near ‘Tank Bottoms’; SPR Drained

September 27, 2023

After their tumble overnight yesterday amid bearish risk appetites, oil prices have soared back to new cycle highs as traders mulled the effects of rapidly tightening supplies after API reported yet another weekly drawdown in […]

Jackson
Electric Vehicles

Jackson Buys 8 Electric Buses For Transit System, But None Are Working

September 27, 2023

Teton County and the town of Jackson had set its sights on a low-emission transit system for the county. The Southern Teton Area Rapid Transit (START) system, a joint operation between Jackson and Teton County, […]

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