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Home2021May

Month: May 2021

Earnings

Marathon Petroleum Corp. Reports First-Quarter 2021 Results

May 5, 2021 Andy Del Prado

Marathon Petroleum Corp. (NYSE: MPC) today reported a net loss of $242 million, or $(0.37) per diluted share, for the first quarter of 2021, compared with a net loss of $9.2 billion, or $(14.25) per diluted share, for the first quarter of […]

Earnings

Contango Announces Expansion of its Senior Credit Facility

May 5, 2021 Andy Del Prado

FORT WORTH, Texas, May 04, 2021 (GLOBE NEWSWIRE) — Contango Oil & Gas Company (NYSE American: MCF) (“Contango” or the “Company”) announced today the amendment and expansion of its Senior Credit Facility led by JPMorgan […]

Finance

Chevron pitches $100 million in New Mexico properties as oil M&A heats up

May 5, 2021 Andy Del Prado

HOUSTON (Reuters) – Chevron Corp is offering to sell about 73,000 acres (29,540 hectares) of oil and gas properties in New Mexico, according to documents viewed by Reuters, as oil firms accelerate divestitures in a […]

suncor energy- energy news beat
Downstream

Suncor Energy reports first quarter 2021 results

May 5, 2021 Andy Del Prado

Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as […]

IEA Stock Release And Opec+ Modest Increase Fail To Halt Oil/Gas Price Rally
Commodities

U.S. crude oil imports from OPEC are down, but imports from Canada remain high

May 5, 2021 Andy Del Prado

U.S. crude oil imports from OPEC are down, but imports from Canada remain high Source: U.S. Energy Information Administration, Petroleum Supply Monthly Voluntary OPEC production cuts have been contributing to reduced U.S. crude oil imports from OPEC so far […]

US coal exports
Coal

Replacing Coal Plants With Renewables Is Cheaper 80% of the Time

May 5, 2021 Stu Turley

About 80% of U.S. coal plants are now more expensive to keep running than to swap out for new wind and solar capacity, according to a report from Energy Innovation, a non-partisan climate and energy think tank. While […]

TOTAL, NEW OPERATOR OF BLOCK 58 OFFSHORE SURINAME, ANNOUNCES A FOURTH DISCOVERY
Fossil

Total and the Government of Papua New Guinea confirm the remobilization and the planning of the Papua LNG Project

May 5, 2021 Stu Turley

Paris, May 5, 2021 – A meeting took place on 3rd of May between Patrick Pouyanné, Chairman and CEO of Total, and a Delegation of Papua New Guinea (PNG) led by the Deputy Prime Minister Samuel […]

Diamondback Energy - Energy News Beat
Earnings

Diamondback Energy, Inc. Announces First Quarter 2021 Financial and Operating Results

May 4, 2021 Andy Del Prado

MIDLAND, Texas, May 03, 2021 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the first quarter ended March 31, 2021. FIRST QUARTER 2021 HIGHLIGHTS Previously […]

Exxon - Energy News Beat
Political

Exxon, USW union agree on steps for Texas refinery lockout handover

May 4, 2021 Andy Del Prado

Exxon Mobil Corp (XOM.N) and the United Steelworkers union (USW) have agreed to an orderly transfer of the company’s Beaumont, Texas, refinery to temporary workers if a threatened lockout begins on Saturday, according to people familiar with […]

IEA Stock Release And Opec+ Modest Increase Fail To Halt Oil/Gas Price Rally
EIA News

U.S. spent nuclear fuel inventory steadily increased from 2013 through 2017

May 4, 2021 Andy Del Prado

The volume of spent nuclear fuel produced by nuclear power plants in the United States has steadily increased during the past few decades. The volume of spent nuclear fuel at the end of 2017 was […]

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