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Home2021January

Month: January 2021

Biden - 2021
Electrical Generation / Utilities

President Biden’s Inaugural Climate Move Should Be Saving Nuclear Reactors Slated For Closure

January 20, 2021 Stu Turley

In his inaugural speech today, President Joe Biden spoke about “ a climate in crisis.” Biden has made it clear that climate policy will be one of his administration’s top priorities. If the new president is […]

Energy News Beat - Logo
ENB Daily Standup

Energy News Beat 1/20/2021

January 20, 2021 Mariel Alumit

Stocks rise as President Joe Biden sworn in as the 46th President of the US. The Dow Jones Industrial Average rose 240 points. The S&P 500 advanced 1.5% to an intraday all-time high.  The tech-heavy […]

Finance

Colgate Energy Partners III raise $300mm of new debt

January 20, 2021 Mariel Alumit

New York, January 19, 2021 — Moody’s Investors Service, (“Moody’s”) assigned first-time ratings to Colgate Energy Partners III, LLC (Colgate), including a B2 Corporate Family Rating (CFR), B2-PD Probability of Default Rating (PDR) and B3 […]

Western Companies Abandon Russia-Led Nord Stream 2 Project - Energy News Beat
International News

Western Companies Abandon Russia-Led Nord Stream 2 Project – Will Biden undo the sanctions?

January 20, 2021 Stu Turley

The U.S. imposed on Tuesday sanctions on the Russian pipe-laying vessel that was expected to complete the construction of the gas pipeline Nord Stream 2, while several Western companies are said to have abandoned links […]

Iranian sanctions relief under Biden could strain OPEC -Energy News Beat
Commodities

Iranian sanctions relief under Biden could strain OPEC+ ties – over 1 million b/d exports could return

January 20, 2021 Stu Turley

Dubai — A return of Iranian oil to the market if new US President Joe Biden resurrects the nuclear deal could destabilize crude prices and undermine the OPEC+ alliance, experts said at the Atlantic Council Global […]

Over 100 oil and gas companies went bankrupt in 2020- Energy News Beat
Bankruptcy

Over 100 oil and gas companies went bankrupt in 2020

January 20, 2021 Stu Turley

More than 100 oil and gas companies declared bankruptcy in 2020 after the coronavirus pandemic plunged the energy sector into the worst downturn in a generation. Forty-six exploration and production companies and 61 oil-field service […]

Leviathan and Tamar fields, which sit off Israel’s Mediterranean - Energy News Beat
Fossil

Chevron eyes subsea pipelines to send Israeli gas to Egypt

January 20, 2021 Stu Turley

Chevron and other companies helping to develop Israel’s natural gas fields will invest around $235 million in pipelines to export the fuel to Egypt. The partners in the Leviathan and Tamar fields, which sit off […]

oil-hedging-Energy News Beat
Commodities

Insight to the 2021 Oil Hedging Forecast

January 20, 2021 Stu Turley

Abstract The recent and dramatic decline in the price of oil illustrates the risk every oil and gas producer faces with energy commodity price volatility. Although depressed prices forced operators to shut-in production to save […]

Keystone XL has work suspended by TC Energy - Energy News Beat
Crude Oil News

Keystone XL has work suspended by TC Energy in expectation of Biden’s canceling the project

January 20, 2021 Stu Turley

TC Energy said it is suspending the project in light of the expected Biden action. Biden will revoke the presidential permit granted to Keystone XL within hours of taking the oath of office later today, […]

World’s First Tiltable Rotor Sails Installed - Energy News Beat
International News

World’s First Tiltable Rotor Sails Installed – High tech sailing can save the enviornment

January 20, 2021 Stu Turley

Auxiliary wind propulsion systems provide Norsepower said it installed the world’s first tiltable Rotor Sails for SEA-CARGO, a logistics provider in the North Sea market. According the analysis conducted by Norsepower and SEA-CARGO, installation of […]

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