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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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Crude Oil News

U.S. petroleum product exports set a record high in 2022

March 20, 2023

March 20, 2023 Data source: U.S. Energy Information Administration, Petroleum Supply Monthly Note: HGL=hydrocarbon gas liquids In 2022, the United States set a new record for petroleum product exports, up 7% from 2021, according to […]

Duke
Electrical Generation

Duke Energy Begins Construction on Two New Solar Sites in North Florida

March 20, 2023

Solar projects in Bay and Madison counties add to the company’s growing renewable generation portfolio At peak output, each site will generate enough carbon-free electricity to power nearly 23,000 homes ST. PETERSBURG, Fla., March 17, 2023 […]

Mexico
Crude Oil News

More than 3,000 acres of New Mexico public land being sold for oil and gas amid protests

March 20, 2023

A sale of New Mexico’s public land to the oil and gas industry was expected in May with lands going to auction throughout the Permian Basin in the southeast corner of the state. The auction scheduled […]

Crude Oil News

U.S. raises the offshore rig count ante

March 20, 2023

Baker Hughes’ weekly rig count report shows that the number of offshore rigs in the United States was on the upswing last week with three units added to the mix. The total number of rigs […]

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