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Home2021January

Month: January 2021

Energy poverty in the name of environmental…
Electrical Generation / Utilities

Energy poverty in the name of environmental justice

January 27, 2021 Stu Turley

Energy News Beat Publishers Note: This is sad for the lower income and disproportionate impacted communities. They always pay the price, and our elected officials need to take care of them, rather than tax them past […]

EDF Renewables - Energy News Beat
M & A

EDFR Expands into C&I Market with EnterSolar Acquisition

January 27, 2021 Stu Turley

EDF Renewables North America (EDFR), a developer in the renewable energy sector, has acquired 100% of EnterSolar, a national provider of distributed generation solar solutions to corporate commercial and industrial (C&I) customers. EDF Renewables previously held […]

How Will Biden’s Presidency Impact South America’s Oil Boom - Energy News Beat
Crude Oil News

Biden’s oil and gas ban immediately challenged in Federal court

January 27, 2021 Stu Turley

The Biden administration’s moratorium of oil and gas leasing on federal public land faced an immediate legal attack from an energy industry group. Western Energy Alliance, which says it represents 200 oil and natural gas […]

Aramco chief technical officer Ahmad al-Khowaiter -Energy News Beat
Finance

Wall Street’s Eyes on Riyadh Just as Wealth Fund Pivots Home

January 27, 2021 Stu Turley

Saudi Arabia’s $400 billion sovereign wealth fund will find it tough to repeat its success of recent years when it made its mark globally as a source of cash for asset managers, tech entrepreneurs and tycoons. Ahead […]

Energy News Beat - Logo
Commodities

Energy News Beat: 1/27/2021 – Crude draws can’t lift prices

January 27, 2021 Mariel Alumit

Stocks fall sharply from disappointing earnings (beside Gamestop…). Boeing fell more than 4% after its earnings report showed 2020 net loss hit a record of $11.9 billion amid the 737 Max grounding and the coronavirus pandemic. S&P […]

Saudi Arabia wants to be the next Germany - Energy News Beat
International News

Saudi Arabia Aims to Become Next Germany of Renewable Energy

January 27, 2021 Stu Turley

Saudi Arabia wants to emulate Germany’s success with renewable energy and be a pioneer in hydrogen production, as the world’s biggest exporter of oil seeks to diversify its economy. “We will be another Germany when […]

Earnings

Hess Corporation Q4 releases earnings – loses $97mm ($0.32 per share)

January 27, 2021 Mariel Alumit

NEW YORK (AP) – Hess Corp. (HES) on Wednesday reported a loss of $97 million in its fourth quarter. The New York-based company said it had a loss of 32 cents per share. Losses, adjusted […]

Chevron Calls On Biden to Support U.S. Oil as Russia Raises Risks
Political

Biden to Order Climate Measures Including Oil Leasing Moratorium

January 27, 2021 Stu Turley

Joe Biden will sign a series of executive actions on Wednesday to combat climate change, including temporarily blocking new leases for oil drilling on federal lands and ordering other measures to overhaul U.S. energy, according […]

Electrical Generation / Utilities

India Plans $41 Billion Reform to Revive Ailing Power Utilities – The US needs to follow their lead

January 27, 2021 Stu Turley

Energy News Beat Publishers Note: The United States infrastructure is not designed, nor capable, of supporting the migration to Net Zero. The demands of power storage, wind and solar do not simply plug into the […]

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

Exxon Faces Proxy Fight After Activist Nominates Four Directors

January 27, 2021 Stu Turley

Exxon Mobil Corp. is heading for a proxy showdown after activist investor Engine No. 1 formally nominated four directors to the board of the energy giant, which is facing growing calls to change its strategy. Engine No. 1, […]

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