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Libya’s Oil Output Drops as Pipelines Creak From War and Neglect   Jan 18, 2021
Photographer: Abdullah Doma/AFP/Getty Images Photographer: Abdullah Doma/AFP/Getty Images Libya’s oil output has dropped by about 200,000 barrels a day after the closure of a leaking pipeline, underscoring how difficult it is for the country to maintain ... Bloomberg  

Biden may cancel Keystone XL pipeline permit as soon as his first day in office: source   Jan 18, 2021
U.S. President-elect Joe Biden is planning to cancel the permit for the $9 billion Keystone XL pipeline project as one of his first acts in office, and perhaps as soon as his first day, according to a source familiar with his thinking. Reuters  

Couche-Tard Faces Investor Grilling as Carrefour Deal Fails   Jan 18, 2021
And it missed out on Marathon Petroleum Corp.’s Speedway gas stations, which were scooped up in August by Japan’s Seven & i Holdings Co., the world’s largest convenience store operator, for $21 billion. Pedestrians walk past a Couche-Tard convenience ... Bloomberg  

Oil Steadies in Asia After Slumping on Weak U.S. Economic Data   Jan 18, 2021
Oil steadied near $52 a barrel in Asia after slumping the most in almost four weeks on a combination of a stronger dollar, weak U.S. economic data and a still-surging coronavirus. Bloomberg  

Biden to cancel Keystone XL pipeline permit on first day in office: CBC   Jan 18, 2021
U.S. President-elect Joe Biden is planning to cancel the permit for the $9 billion Keystone XL pipeline project via executive action on his first day in office this week, CBC News reported on Sunday, Reuters  

Russia detains Kremlin critic Alexei Navalny, faces clash with Western nations   Jan 17, 2021
especially against an $11.6 billion project to build a natural gas pipeline from Russia to Germany. In a case that drew wide international attention, Navalny was poisoned last summer by what German military tests showed was a Novichok nerve agent ... Reuters  

New Orleans 128, Sacramento 123   Jan 17, 2021
Percentages: FG .516, FT .889. 3-Point Goals: 13-39, .333 (Hield 5-11, Fox 3-9, Bagley III 2-6, Barnes 2-6, Robinson III 1-2, Haliburton 0-1, Holmes 0-1, Joseph 0-3). Team Rebounds: 6. Team Turnovers: 1. Blocked Shots: 7 (Haliburton 2, Holmes 2, Bagley III, Hield, Metu). Turnovers: 10 (Bagley III 2, Fox 2, Haliburton 2, Hield 2, Barnes, Metu). Steals: 7 (Fox 4, Bagley III, Hield, Holmes). Technical Fouls: None.. Houston Chronicle  

Has Prince Charles’ Nature Pledge Become A Platform For BP To Greenwash Oil Spills?   Jan 17, 2021
Prince Charles announced a new business pledge for nature last week. However, the inclusion of BP has been slammed for allowing the oil giant to continue greenwashing environmental pledges, as they refuse to support the Mauritius oil spill inquiry which centers around BP's controversial ship fuel. Forbes  

Three Energy Tech Trends To Watch This Year   Jan 17, 2021
Energy technology is evolving quickly this decade and three areas in specific seem to be catching the headlines these days OilPrice  

Abu Dhabi plans three-pronged alliance to export hydrogen for fuel   Jan 17, 2021
The plan is to produce both green hydrogen and blue hydrogen, which is produced from natural gas, to export to emerging international markets. Reuters  

Ghana’s Political Meddling Could Derail Its Oil Boom   Jan 17, 2021
Ghana has been one of the bright stars of the oil and gas market in the 2010s, ramping up its crude production from virtually zero to some 215kbpd by the end of the decade. The startup of the Jubilee field in 2010, OilPrice  

Libya’s Oil Output Drops as Pipelines Creak From War-Era Neglect   Jan 17, 2021
Libya’s oil output has dropped by about 200,000 barrels a day after the closure of a leaking pipeline, underscoring how difficult it is for the country to maintain its production following almost a decade of civil war. Bloomberg  

Corporate earnings don't look great. But the drought may be over soon   Jan 17, 2021
It's report card season for Corporate America. Companies are starting to release their earnings for the fourth quarter of last year, and so far it doesn't look like many blue chip stocks are going to get a passing grade. CNN  

Arctic Blast Will Prop Up European Energy Prices into Spring   Jan 17, 2021
The first cold blast this winter that propelled European power and gas prices to their highest levels in years may be about to dissipate, but its impact will be felt for months to come. Bloomberg  

Mozambique Pushes for Total to Restart $20 Billion Project   Jan 17, 2021
Source: Mozambique LNG Source: Mozambique LNG Mozambique wants Total SE to quickly restart work on its $20 billion liquefied natural gas project, despite concerns that insecurity could lead to a prolonged delay, the nation’s energy minister said. Bloomberg  

Gas, diesel, and heating oil prices leap overnight on P.E.I.   Jan 16, 2021
The regular weekly price review of petroleum product prices by P.E.I.’s Island Regulatory and Appeals Commission saw some big increases overnight. CBC.ca  

Can China Make Myanmar A Major Oil Nation?   Jan 16, 2021
China’s Belt and Road Initiative aims to transform global power dynamics, and its energy alliance with Myanmar is one example of how it is already successfully doing just that OilPrice  

S.E.C. Probe Of Exxon Renews Focus On Company’s Resistance To Write-downs   Jan 16, 2021
An Exxon refinery in Baton Rouge, Louisiana. The U.S. Securities and Exchange Commission opened an investigation into Exxon XOM Mobil for possibly overvaluing one of its key oil and gas properties in the Permian Basin, the highest-producing oil field in ... Forbes  

Body of N.B. man recovered after workplace accident in Alberta   Jan 16, 2021
The body of a New Brunswick man who died in a workplace accident earlier this week in Alberta has been recovered. Patrick Poitras, 25, from Saint-André, near Grand Falls, was operating a dozer that fell through ice on an inactive tailings pond on Wednesday afternoon. CBC.ca  

Ukraine Is Failing To Capitalize On Its Gas Potential   Jan 16, 2021
Ukraine’s 2019 upstream licensing round was assumed to be the breakthrough that would finally kickstart offshore drilling, yet nothing came out of it OilPrice  

Zurich Insurance to drop out of Nord Stream 2 project: sources   Jan 16, 2021
Zurich Insurance Group will drop out of Russia's Nord Stream 2 project in the face of looming U.S. sanctions against European companies that support construction of the $11 billion gas pipeline, two sources familiar with the situation said. Reuters  

Oil Slumps on Dollar Strength and Cooling Consumer Sentiment   Jan 16, 2021
Oil slid by the most in three weeks as a stronger dollar and weak U.S. economic data stoked concerns over an economic rebound. Bloomberg  

Your Weekend Reading: Most Americans Can’t Wait for Trump’s Exit   Jan 16, 2021
Most in the U.S. want the Republican real estate developer to disappear from politics. Shunned by businesses and banks for his role in the U.S. Capitol riots, he reportedly plans to live at his Mar-a-Lago resort in Florida (though some locals don’t want him). Bloomberg  

7.9%-Yielding Enterprise Products Partners Checks All Of The Boxes   Jan 16, 2021
Since my last article on Enterprise Products Partners (September 2020), shares have returned around 40%. Shares are up 100% since their March lows, yet they remain 32% undervalued. EPD's recovery so far is just a taste of what analysts and economists expect in 2021 and beyond. Seeking Alpha  

Truck crashes into house, killing woman; driver flees scene   Jan 16, 2021
Officers located a passenger who had been in the truck. The crash severed a natural gas line, prompting Consumers Energy personnel to respond to the scene, Gerow said. Associated Press  

U.S. drillers add oil and gas rigs for 8th week in a row -Baker Hughes   Jan 16, 2021
U.S. energy firms this week added oil and natural gas rigs for an eighth week in a row as crude prices recover to their highest in nearly a year. Reuters  

France's Total quits top U.S. oil lobby over climate divergences   Jan 16, 2021
French energy giant Total said on Friday it will not renew its membership of the American Petroleum Institute, the country's main oil lobby, due to divergences over climate policies. (Reporting by Ron Bousso; Reuters  

Zurich Insurance Said to Pull Out of Nord Stream 2 Project   Jan 16, 2021
Zurich Insurance Group AG has decided to stop providing insurance services linked to the Nord Stream 2 gas pipeline, over the threat of further U.S. sanctions on the project, according to people close to the matter. Bloomberg  

Japan's power market to remain unpredictable as demand surges -industry head   Jan 16, 2021
Japan's tight power market will remain unpredictable as temperatures could drop again and there are risks of technical glitches at aged power plants and a further drop in fuel inventories, the head of utilities industry said on Friday. Reuters  

Nigeria's Heirs Holdings buys 45% stake in OML 17 onshore oilfield   Jan 16, 2021
Nigeria's Heirs Holding announced on Friday it had bought a 45% stake in an onshore oilfield as part of a deal that it said included $1.1 billion in financing from a consortium of global and regional banks and investors. Reuters  

Nigeria’s Big Oil-Refining Revamp Gets Off to a Slow Start   Jan 16, 2021
A year after shutting down all of its dilapidated refineries to figure out how to fix them, Nigeria still can’t say how much it will cost to do the work or where the money will come from. Bloomberg  

Imperial to hold 2020 Fourth Quarter Earnings Call   Jan 16, 2021
Brad Corson, chairman, president and chief executive officer, and Dave Hughes, vice-president investor relations, Imperial Oil Limited, will host a 2020 Fourth Quarter Earnings Call on Tuesday, February 2, Associated Press  

SHAREHOLDER ALERT: Rigrodsky Law, P.A. Announces Investigation of Corning Natural Gas Holding ...   Jan 16, 2021
Rigrodsky Law, P.A. announces that it is investigating Corning Natural Gas Holding Corporation (“Corning”) (OTC: CNIG ) regarding possible breaches of fiduciary duties and other violations of law related to Corning’s agreement to be acquired by affiliates of Argo Infrastructure Partners, Associated Press  

Appalachian Gap Distillery Commits to Become Climate Neutral Certified   Jan 16, 2021
Appalachian Gap Distillery is proud to announce it has committed to become Climate Neutral Certified. The company will be working with Climate Neutral, an independent non-profit organization that helps companies measure their carbon footprint, Associated Press  

CrossAmerica Partners to Announce Year-End/Fourth Quarter 2020 Earnings Results on March 1   Jan 16, 2021
CrossAmerica Partners to Announce. Year-End/Fourth Quarter 2020 Earnings Results on March 1. ALLENTOWN, PA, January 15, 2021 – Cross Associated Press  

Caterpillar Inc. to Announce Fourth-Quarter and Full-Year 2020 Financial Results on January 29   Jan 16, 2021
PRNewswire/ -- Caterpillar Inc. (NYSE: CAT) will release fourth-quarter and full-year 2020 financial results at 5:30 a.m. CST on Friday, January 29. The release will be available at investors.caterpillar. Associated Press  

Nodal Exchange Achieved Record Year-end Open Interest in Power, Natural Gas, and Environmental Markets In 2020   Jan 16, 2021
Nodal Exchange announced today that it achieved record year-end open interest in 2020 across its key asset classes – power, natural gas and environmental futures. Nodal Exchange continues to improve its strong position in the North American monthly power futures markets achieving over 1 billion MWh of open interest as of December 31, Associated Press  

U.S. Patent Awarded and Exclusively Licensed to Aemetis Enabling Launch of “Carbon Zero”   Jan 16, 2021
(NASDAQ: AMTX) announced today that its exclusively licensed technology for the production of below zero carbon renewable fuel was awarded U.S. Patent No. 10907184 (to be published February 2, 2021), Associated Press  

Wall Street closes lower as banks, energy shares tumble   Jan 16, 2021
Wall Street's main indexes finished lower on Friday, weighed down by big U.S. banks after their earnings reports, while the energy fell sharply due to a regulatory probe into Exxon Mobil Corp. Reuters  

Worker dead after bulldozer falls through ice at Suncor plant near Fort McMurray   Jan 16, 2021
EDMONTON -- Suncor has confirmed the death of a worker who was considered “unaccounted for” after the bulldozer he was driving crashed through the ice at a tailings pond in northern Alberta. CTV News  

PSEG on track to sell fossil-fired power plants by year end -CEO   Jan 16, 2021
Public Service Enterprise Group Inc is on track to sell its fossil-fired plants by the end of the year as it transitions into a mostly regulated utility operator and producer of 100% clean energy, the power company's chief executive said. Reuters  

Newfoundland government to fund refinery as search for buyer continues   Jan 16, 2021
Canadian province Newfoundland and Labrador will give North Atlantic Refinery Limited C$16.6 million ($13.05 million) to keep its 135,000 barrels per day Come-by-Chance plant idled as the owner seeks a new capital partner, Reuters  

Exxon says latest Guyana well did not find oil in target area   Jan 16, 2021
Exxon Mobil Corp said on Friday that its latest exploration well in the prolific Stabroek block off Guyana's coast did not find oil in its target area, the second setback to its drilling campaign in recent months. Reuters  

FirstBank, Shell oppose Nigerian group's bid to seize assets in oil spill dispute   Jan 16, 2021
Nigeria's FirstBank and a unit of energy giant Shell said on Friday members of a community in southern Nigeria had no right to seize assets from a bank branch this week in a dispute over compensation for an oil spill more than five decades ago. Reuters  

NW Natural Holdings Schedules Earnings Release and Conference Call for Friday, February 26   Jan 16, 2021
Northwest Natural Holding Company (NYSE: NWN) (NW Natural Holdings) announced today it will issue its fourth quarter and full year 2020 earnings release and conduct an analyst conference call and webcast to review results at 8 a. Associated Press  

Exxon Falls After Report of SEC Probe into Permian Valuation   Jan 16, 2021
Exxon Mobil Corp. slumped after a newspaper report said the company is being investigated by the U.S. Securities and Exchange Commission for allegedly overvaluing a key asset in the Permian Basin. Bloomberg  

France's Total quits top U.S. oil lobby in climate split   Jan 16, 2021
France's Total SE on Friday became the first major global energy company to quit the main U.S. oil and gas lobby due to disagreements over its climate policies and support for easing drilling regulations. Reuters  

Permian Basin rig count climbs by 10   Jan 16, 2021
New Mexico added one rig for 70 and Colorado, Louisiana and West Virginia joined Texas and New Mexico as producing states with additional drilling activity. Oklahoma and Pennsylvania reported declines in drilling. Houston Chronicle  

CORRECTED-UPDATE 6-Oil drops over 2% on China lockdowns, U.S. stimulus concerns   Jan 15, 2021
Oil prices fell more than 2% on Friday as concerns about Chinese cities in lockdown due to coronavirus outbreaks tempered a rally driven by strong import data from the world's biggest crude importer and U. Reuters  

Outgoing Trump admin mulls industry-wide biofuel waiver for oil refiners   Jan 15, 2021
The Trump administration is considering requests from the oil refining industry and its backers for a sweeping nationwide waiver to exempt them from their obligations to blend biofuels, a measure they argue would help them weather the economic impact of the coronavirus Reuters  

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