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Home2021February

Month: February 2021

Earnings

Marathon Oil Announces 2021 Capital Budget and Reports Fourth Quarter and Full Year 2020 Results

February 22, 2021 Stu Turley

Marathon Oil Corporation (NYSE:MRO) reported a fourth quarter 2020 net loss of $338 million, or $0.43 per diluted share, which includes the impact of certain items not typically represented in analysts’ earnings estimates and that would otherwise affect […]

Norway’s $1.3 Trillion Fund May Be Facing a Major ESG Handicap - Energy News Beat
ESG

Markets Norway’s $1.3 Trillion Fund May Be Facing a Major ESG Handicap

February 22, 2021 Stu Turley

The lengthy decision-making that determines which asset classes Norway’s investing behemoth can buy puts it at a disadvantage compared with smaller money managers, “in particular” regarding ESG, according to Diego Lopez, a managing director at […]

Magnolia Oil and gas -Energy News Beat
Earnings

Magnolia Oil & Gas Corporation Announces 2020 Fourth Quarter and Year-End Results

February 22, 2021 Stu Turley

Magnolia Oil & Gas Corporation (“Magnolia,” “we,” “our,” or the “Company”) (NYSE: MGY) today announced its financial and operational results for the fourth quarter and full year 2020. Fourth Quarter Summary Financial Results: (In millions, […]

ENB Pub Note

China’s Waning Rare Earths Advantage – GPF

February 22, 2021 Stu Turley

Energy News Beat Publishers Note: George Friedman’s group the Geopolitical Futures is a first-rate thought leadership pool of world politics and the potential outcomes. In my interview with George last year we covered his book […]

Why Its So Hard for the Solar Industry to Quit Xinjiang -Energynewsbeat.com
ENB Pub Note

Iraq seeks international investors to build 750 MW solar projects

February 22, 2021 Stu Turley

Energy News Beat Publishers Note: Somethings just are funny no matter how you report the news. BAGHDAD, – Iraq is seeking international investors to build seven solar power plants, with a total capacity of 750 megawatts (MW) as […]

Commodities

Over-weekend Oil Report 2/22/2021 – Permian basin comes online, capping prices

February 22, 2021 Mariel Alumit

New York — Crude oil price declines continued Feb. 19 as the market eyed rising supply outlooks amid the restart of Texas production and easing US-Iran tensions. NYMEX March WTI settled down $1.28 at $59.24/b and […]

exas leaders failed to heed warnings
Electrical Generation / Utilities

Is it any wonder that the public doesn’t like Oil and Gas? – ENB Contributor Column

February 22, 2021 Mariel Alumit

With the ongoing fall out of power outages across Texas this week, it has brought into sharp focus the reliance we have on energy (and the infrastructure that delivers it to our homes) to keep […]

Crude Oil News

Iraq decides to freeze oil prepayments deal on rising oil prices

February 21, 2021 Stu Turley

Iraq has decided to freeze its first crude oil prepayment deal, which had aimed to boost its finances because oil prices are rising, the country’s oil minister told BBC Arabic on Sunday. “We had concerns […]

Iraq Nuclear -Energy News Beat - Gety images
International News

Iran Compromise With Atomic Monitors Taps Brakes on Escalation

February 21, 2021 Stu Turley

Energy News Beat Publishers Note: This last-minute compromise means nothing. Just a stall tactic  Iran offered a last-minute compromise to international atomic inspectors that stops short of completely curtailing their intrusive monitoring powers, tapping the […]

Crude Oil News

Saudis, Russia Differ Again on Oil Strategy Before OPEC+ Meeting

February 21, 2021 Stu Turley

Saudi Arabia and Russia are once again heading into an OPEC+ meeting on opposite sides of a crucial debate about the oil market. Riyadh is publicly urging fellow members to be “extremely cautious,” despite prices […]

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