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Home2021February

Month: February 2021

Democrats Disunity on Wall Keystone XL Votes May Haunt Biden
Pipeline

Democrats’ Disunity on Wall, Keystone XL Votes May Haunt Biden

February 5, 2021 Stu Turley

The Senate cleared a key hurdle toward passing President Joe Biden’s stimulus plan after 15 hours and 41 roll call votes on amendments that will ultimately have little bearing on the final legislation but could signal problems […]

“We talked about the different roles of different energy sources,” the German chancellor said. “France has more nuclear energy, so that the role of gas is not as important as for Germany.”
Fossil

France and Germany to Put Aside Differences on Russian Gas Pipeline

February 5, 2021 Stu Turley

German Chancellor Angela Merkel and French President Emmanuel Macron sought to iron out differences over the Nord Stream 2 pipeline ahead of talks with U.S. President Joe Biden on the controversial Russian project. The two […]

Chevron to buy biodiesel producer REG in USD-3.15bn deal
M & A

Chevron Announces Offer to Acquire Noble Midstream Partners LP

February 5, 2021 Stu Turley

SAN RAMON, Calif.–(BUSINESS WIRE)–Chevron Corporation (NYSE: CVX) announced today that it has submitted a non-binding proposal to the Board of Directors of Noble Midstream GP LLC, the general partner of Noble Midstream Partners LP (NASDAQ: NBLX), […]

Liberty Oilfield Services - energynewsbeat.com
Earnings

Liberty Oilfield Services Inc. Announces Fourth Quarter and Full Year 2020 Financial and Operational Results

February 4, 2021 Stu Turley

Liberty Oilfield Services Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today fourth quarter and full year 2020 financial and operational results. Summary Results and Highlights Revenue of $966 million and net loss1 of $161 million, […]

World’s Largest Battery to Be Built in Australia Coal-Mining Hub - Energy News Beat
Energy Storage

World’s Largest Battery to Be Built in Australia Coal-Mining Hub

February 4, 2021 Stu Turley

Australia is planning another giant grid-scale battery as the global roll out of super-sized energy storage projects accelerates. The project in New South Wales-state, which will be three times larger than the current No. 1 battery in […]

Energy News Beat - Logo
Crude Oil News

Energy News Beat 2/4/2021: Earnings on Earnings

February 4, 2021 Mariel Alumit

Stocks have another green day to patch a solid week for the markets as earnings and economic data shine bright S&P 500: 85% Nasdaq: 78% Dow Jones: 56% A better-than-expected jobless claims report helped boost […]

Downstream

BP, Rosneft strike deal to work on energy transition projects

February 4, 2021 Stu Turley

Moscow — BP and Russian energy giant Rosneft signed a cooperation agreement Feb. 4 to work on joint energy transition projects, including low-carbon technologies and hydrogen, the companies said in a joint press release. Both companies […]

Rystad Energy - EnergyNewsBeat
International News

Rystad Energy: Global Installed Offshore Wind Capacity to Grow by 37% in 2021

February 4, 2021 Stu Turley

The world’s installed offshore wind capacity rose by 15 per cent in 2020, despite the COVID-19 pandemic, and this year will see a 37 per cent growth in global installed offshore wind capacity, according to […]

Crude Oil News

Saudis raise prices of U.S. oil shipments

February 4, 2021 Stu Turley

Saudi Arabia kept oil pricing for its main market of Asia unchanged in March, after a key OPEC+ committee expressed confidence that the oil market is re-balancing. State oil producer Saudi Aramco raised prices for […]

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 […]

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