Marathon Petroleum and MPLX Release Sustainability and TCFD-Aligned Climate Reports
Marathon Petroleum Corporation (NYSE: MPC) and its midstream affiliate MPLX LP (NYSE: MPLX) have released two joint reports detailing their sustainability efforts as the energy sector evolves. The reports include the Sustainability Report and the Perspectives on Climate-Related Scenarios report.…
Georgia Power Deploys Restoration Teams as Hurricane Debby Hits Georgia
As Hurricane Debby intensified in the Gulf of Mexico over the weekend, Georgia Power ramped up its preparations for potential damage and power outages. Although the hurricane’s exact path and strength remain uncertain, the company is ready to adjust its…
Duke Energy Readies 6,900 Workers for Tropical Storm Debby
Duke Energy is gearing up for the tropical storm expected to hit the Carolinas later this week. The storm is anticipated to bring heavy rain and strong winds, potentially causing widespread outages. In response, Duke Energy will deploy 6,900 skilled…
Duke Energy Gets $57M from DOE to Boost NC Energy Grid
U.S. Secretary of Energy Jennifer Granholm announced today that the Department of Energy (DOE) will allocate $57 million in cost-share funding to the North Carolina Innovative Transmission Rebuild project. This initiative, involving Duke Energy, the North Carolina Department of Environmental…
Duke Energy Restores 90% Power in 24 Hours; North Florida Restoration Timetable Set
Duke Energy Florida has successfully restored power to 90% of its customers within 24 hours of Hurricane Debby’s landfall in the Big Bend. The company’s crews are continuing their dedicated efforts to restore power to the remaining areas most affected…
Retention of Coal and Carbon Steel Materials Business
Following the completion of the acquisition of a 77% stake in Elk Valley Resources (EVR) on July 11, 2024, we initiated a consultation process to gauge shareholder opinions on whether to retain or demerge the coal and carbon steel materials…
Shipping Company’s SHEN HUA 801 Successfully Completes Inaugural Voyage to Australia
Recently, the bulk carrier SHEN HUA 801, owned by the Shipping Company, successfully completed its task of transporting 73,300 tonnes of thermal coal from the Port of Newcastle in Australia to the Houshi Power Plant in Zhangzhou within 50 days.…
Aramco to Take Majority Stake in Saudi Petro Rabigh Refining and Petrochemical Complex
Aramco, one of the world’s leading integrated energy and chemicals companies, has signed a definitive agreement to acquire an additional 22.5% stake in Rabigh Refining and Petrochemical Co. (“Petro Rabigh”) from Sumitomo Chemical for $702 million. Petro Rabigh, a refining…
Nevada Governor Advocates for Fair Gas Prices for Western US Consumers
Nevada imports 88% of its fuel from California refineries. Recently, Nevada Governor Joe Lombardo toured Chevron’s El Segundo Refinery in California to learn more about fuel production and Chevron’s operations. Lombardo has expressed concern about the impact of California’s policies…
FPL Restores Power to 214,000 as Debby Hits Florida; Urges Safety
Florida Power & Light Company (FPL) is working diligently to restore power as Hurricane Debby moves across Florida. After making landfall earlier today in the Big Bend region, FPL has restored power to 214,000 customers by 6 p.m. and will…
ExxonMobil Reports Q2 2024 Results
Exxon Mobil Corporation today reported second-quarter 2024 earnings of $9.2 billion, or $2.14 per diluted share. The company generated $10.6 billion in cash flow from operating activities, with $15.2 billion in cash flow from operations excluding working capital changes. Shareholder…
Oklo Schedules Q2 2024 Earnings and Business Update for August 13
Oklo Inc. (NYSE: OKLO), a leader in fast fission clean power technology and nuclear fuel recycling, will hold a conference call to discuss its second quarter 2024 earnings and business updates on Tuesday, August 13, 2024, at 5:00 p.m. Eastern…
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