Moody'S

A fall off in Lower 48 exploration activity has slammed the sand mining sector, but some stability should return this year, according to Moody’s Investors Service.

A fall off in Lower 48 exploration activity has slammed the sand mining sector, but some stability should return this year, according to Moody’s Investors Service.

Amid efforts to reduce greenhouse gas emissions from the U.S. power grid, natural gas-fired generation will replace most of the thermal-coal electric-generation capacity that’s heading toward retirement, according to a new report from Moody’s Investors Service.

Chapter 11 bankruptcy-bound PG&E Corp. and utility Pacific Gas and Electric Co. (PG&E) late Wednesday named former public power executive Bill Johnson as CEO along with 10 directors, which it said would create reconstructed oversight at California’s multi-billion dollar combination utility.

Regulatory preparations have been suspended on WCC LNG Ltd.’s dormant proposal for a jumbo liquefied natural gas (LNG) export terminal on the Pacific coast of British Columbia at Prince Rupert. A year after closing WCC’s office in the northern port, sponsors Imperial Oil Ltd. and ExxonMobil Corp. have withdrawn the application for BC and federal environmental approvals. The project’s 40-year export license from the National Energy Board for up to 4.6 Bcf/d remains valid if deliveries begin before November 2026. The WCC partners have told shareholders that the fate of all their projects depends on evolving market conditions.

The next Mexican administration’s focus on energy self-sufficiency could pose risks for national oil company Petroleos Mexicanos (Pemex), according to a recent report by Moody’s Investors Service.

The incoming Mexican administration’s focus on energy self-sufficiency could pose risks for national oil company Petroleos Mexicanos (Pemex), according to a recent report by Moody’s Investors Service.

Fundamentals are more robust today, but most North American exploration and production (E&P) companies’ credit metrics are still much weaker than the boom years of 2013-2014, Moody’s Investors Service said Monday.

Moody’s Investors Service said owners of coal-fired power plants, as well as domestic coal producers, would likely benefit from a Trump administration proposal to subsidize struggling coal and nuclear power plants, but retail customers could see higher electric bills and wholesale power markets could also be placed at risk.