IT Shades Energy February 2021 Edition Updates

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I-Bytes
Energy
February Edition 2021
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Table of Contents
1. Financial, M & A Updates...................................................................................................................................1
2. Solution Updates.................................................................................................................................................17
3. Rewards and Recognition Updates...................................................................................................................26
4. Customer Success Updates................................................................................................................................31
5. Partnership Ecosystem Updates.......................................................................................................................35
6. Environmental & Social Updates.....................................................................................................................51
7. Miscellaneous Updates......................................................................................................................................57

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Financial, M & A
Updates Energy Industry

Financial, M&A Updates
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Chevron (USA) Announces Fourth Quarter 2020 Results
• Chevron Corporation reported a loss of $665 million ($(0.33) per share - diluted) for fourth
quarter 2020, compared with a loss of $6.6 billion ($(3.51) per share - diluted) in fourth quarter
2019.
• Included in the current quarter was a charge of $120 million associated with Noble Energy,
Inc. acquisition costs. Foreign currency effects decreased earnings by $534 million.
• Adjusted loss of $11 million ($(0.01) per share - diluted) in fourth quarter 2020 compares to
adjusted earnings of $2.8 billion ($1.49 per share - diluted) in fourth quarter 2019.
• Chevron reported a full-year 2020 loss of $5.5 billion ($(2.96) per share - diluted), compared
with earnings of $2.9 billion ($1.54 per share - diluted) in 2019.
• Included in 2020 were net charges for special items of $4.5 billion, compared to net charges
of $8.7 billion for special items in 2019. Foreign currency effects decreased earnings in 2020 by
$645 million.
• Adjusted loss of $368 million ($(0.20) per share - diluted) in full-year 2020 compares to
adjusted earnings of $11.9 billion ($6.27 per share - diluted) in full-year 2019. For a
reconciliation of adjusted earnings/(loss), see Attachment 5.
• Sales and other operating revenues in fourth quarter 2020 were $25 billion, compared to $35
billion in the year-ago period.
Executive Commentary
“When market conditions deteriorated, we swiftly reduced capital spending by 35 percent
from2019 and also reduced operating costs, demonstrating our commitment to capital and
costdiscipline,” added. Excluding severance expense, 2020 operating expenses were
down$1.4 billion from the prior year. Chevron also completed an enterprise-wide
ransformationprogram and the integration of Noble Energy, positioning the company for the
future
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Key Financial Highlights

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Ecopetrol advances in its transformation to be the energy company of Colombia and presents a
non-binding offer to acquire the participation that the Nation has in ISA, equivalent to 51.4%
Ecopetrol informs that it decided to advance in its transformation to be the integral energy
company of Colombia. With that objective and to face the challenges of the environment and
the energy transition, the company yesterday presented a non-binding offer to acquire the
participation that the Nation-Ministry of Finance and Public Credit has in Interconnection
Eléctrica SAESP (ISA), equivalent to 51, 4% of outstanding shares. This decision responds
to the Ecopetrol Group's strategy that seeks to strengthen its leadership in the hydrocarbon
chain in the American continent, while accelerating its energy transition with an ambitious
plan to reduce emissions, grow in renewable sources, and increase gas production. natural
and participation in other fields of energy, including transmission, all leveraged on digital
transformation and technological convergence. The investment in ISA would represent a
transformational step in the positioning of the Ecopetrol Group to lead this energy transition
and advance in decarbonization. The Group would be strengthened with world-class energy
infrastructure assets that would generate a material stream of income in low-emission
businesses. The transaction has great potential to generate value thanks to the growing
demand for energy and the incorporation of new renewable sources that need to be connected
to end users, as well as the expected increase in electrification. These conditions not only
apply to Colombia, but to all of Latin America.
“This acquisition would mean a milestone in the history of Ecopetrol that would
strengthen us in the national and international energy sector and allow us to accelerate
the energy transition in which we are committed. It would be the birth of a stronger, more
resilient conglomerate with a greater capacity to grow in the new era of clean energy ”,
assured president of Ecopetrol.
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Eni (Italy) gas e luce enters the Iberian energy market: the company has signed an
agreement for the acquisition of 100% of AldroEnergía
Eni gas e luce, a wholly owned company of Eni SpA, enters the Iberian energy market through its
acquisition of AldroEnergía. The transaction was finalized with the signing of an agreement between Eni
gas e luce and Grupo Pitma for the 100% acquisition of AldroEnergía Y Soluciones SLU. The company
operates in the market for the sale of electricity, gas and energy services to residential customers, small and
medium-sized businesses and big companies. Moreover, the agreement also includes the 100% acquisition
of the back-office company Instalaciones MartìnezDìaz S.L.U. AldroEnergía, based in Torrelavega, in the
northern Spanish region of Cantabria, currently provides energy to 250,000 customers mainly located in
Spain and Portugal, with an important focus on the small and medium-sized enterprises segment. Eni gas e
luce aims to actively contribute to the expansion of AldroEnergía business, by also bringing its expertise in
the areas of energy efficiency and promoting a better use of energy through its services for buildings and
houses energy upgrading, photovoltaic and e-mobility. Thanks to important partnerships and strategic
acquisitions, Eni gas e luce can offer its customers a wide range of products and services that go beyond the
supply of gas and electricity. The aim of the company is to provide highly professional and sustainable
solutions in order to contribute to the energy transition. The debut in the Spanish and Portuguese markets
therefore adds an important element to Eni gas e luce’s current presence in gas and electricity in Europe.
Through its subsidiaries, the company already operates in France with Eni Gas & Power France, in Greece
with Zenith and in Slovenia with Adriaplin. The transaction will be completed upon receipt of the
authorizations by the competent authorities.
“This acquisition allows Eni gas e luce to expand its presence in the European market, which will be
central to the strategy of development of its activities. The company aims to increase its portfolio,
reaching 11 million customers in 2023 to offer not only gas and electricity but the entire range of
services related to home and energy," said, CEO of Eni gas e luce.
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EQT Real Estate sells Trideca, a 15,400 sqm office building in Paris
EQT is pleased to announce that the EQT Real Estate I fund has sold
Trideca, an office building located at 28-34 rue du Château des
Rentiers, in the 13th arrondissement of Paris. The buyers are Batipart
and its partners ACM, Covéa and BNP Paribas Cardif. The building is
located in the immediate vicinity of the ZAC Paris Rives de Seine
district. Built in 1987, it includes 15,400 sqm of offices over nine
floors and 245 parking spaces.EQT Real Estate was advised on the
sale by Savills Capital Markets, BNP Paribas Real Estate,
Lasaygues&Associés, Ashurst, ArseneTaxand, EY, Shift Capital and
Builders & Partners. Batipart was advised by the firm Cheuvreux, De
PardieuBrocas Maffei and Advi Prom.
Managing Director and Investment Advisor to EQT Real Estate,
said: “The office building on Rue du Château des Rentiers benefits
from excellent real estate fundamentals in terms of location and
potential for continued modernisation. Our teams at EQT Real
Estate have unlocked its potential over the last three years and we
are pleased to have found a good owner in Batipart who will have
the opportunity to write the next page of the value creation story for
this asset."
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EQT (USA) Growth makes its first investment – backs Wolt, a leading food
delivery platform
EQT is pleased to announce that EQT Growth has invested in Wolt Enterprises Oy, a
leading food delivery platform. The investment, which is the first by the EQT Growth
strategy, is made through EQT AB’s balance sheet and is part of Wolt’s USD 530
million capital raise. Wolt was established in 2014 in Helsinki, Finland who had a
vision of creating a technology company that would make it easy and fun to discover
great food and get it delivered directly to your home or office. Since then, Wolt has
expanded rapidly and the Company partners with over 30,000 restaurants and retail
partners and 60,000 couriers in 129 cities across 23 countries. Wolt’s platform and
delivery infrastructure provide great customer convenience and new revenue
opportunities for both restaurants and retailers. The transformation of food delivery
into a digital service model has accelerated over the past years and the market is
estimated to be worth around USD 365 billion by 2030 (according to UBS Evidence
Labs’ report from June 2020). The combination of mobile app usage, connected
restaurants and on-demand delivery networks have paved the way for technology
platforms, such as Wolt.
Partner and Investment Advisor at EQT Partners: “EQT Growth is proud to
support Wolt with both capital and competence as the company expands to new
heights. Ever since EQT Ventures partnered with CEO and his team in 2016, we
have seen Wolt build an incredibly effective and international growth machine
with strong emphasis on responsible partnerships and great customer solutions.
We believe that there are strong prospects for continued international expansion
and deeper penetration in the company’s core markets.”
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Hess (USA) Announces 2021 E&P Capital and Exploratory Budget
Hess announced a 2021 Exploration & Production capital and exploratory
budget of $1.9 billion, of which more than 80% will be allocated to Guyana
and the Bakken. Net production is forecast to average approximately
310,000 barrels of oil equivalent per day in 2021, excluding Libya. Bakken
net production is forecast to average approximately 170,000 barrels of oil
equivalent per day in 2021. This forecast includes the impact of operating a
two rig program beginning in the first quarter and a planned 45-day
turnaround and expansion tie-in at the Tioga Gas Plant in the third quarter,
which is expected to reduce full year 2021 Bakken net production by
approximately 7,500 barrels of oil equivalent per day.The $1.9 billion
budget is allocated as follows: $670 million (35%) for production, $780
million (41%) for offshore Guyana developments and $450 million (24%)
for exploration and appraisal activities.
Chief Operating Officer said: “In the Bakken, we plan to add a second
rig during the first quarter, which will allow us to sustain production and
cash flow generation from this important asset. Offshore Guyana, our
focus in 2021 will be on advancing our next two sanctioned
developments to first oil – Liza Phase 2 in early 2022 and Payara in
2024 – and on front end engineering and design work for future
development phases on the Stabroek Block. We also will continue to
invest in an active exploration and appraisal program, with 12-15 wells
planned on the Stabroek Block.”
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Hess (USA) Reports Estimated Results for the Fourth Quarter of 2020
• Net loss was $97 million, or $0.32 per common share, compared with a net loss of $222
million, or $0.73 per common share in the fourth quarter of 2019
• Adjusted net loss1 was $176 million, or $0.58 per common share, compared with an
adjusted net loss of $180 million, or $0.60 per common share in the prior-year quarter
• Completed the sale of the Corporation's 28% working interest in the Shenzi Field in the
deepwater Gulf of Mexico for net proceeds of $482 million, after closing adjustments
• Oil and gas net production, excluding Libya, averaged 309,000 barrels of oil equivalent
per day, down from 316,000 boepd in the fourth quarter of 2019; Bakken net production was
189,000 boepd, up 9% from 174,000 boepd in the prior-year quarter
• Production from Phase 1 of the Liza Field development on the Stabroek Block, offshore
Guyana, reached its nameplate capacity of 120,000 gross barrels of oil per day in December
• E&P capital and exploratory expenditures were $371 million, compared with $876
million in the prior-year quarter
• Cash and cash equivalents, excluding Midstream, were $1.74 billion at December 31,
2020
• Year-end proved reserves were 1,170 million barrels of oil equivalent; organic reserve
replacement for 2020 was 95%.
“We are successfully executing our strategy which has positioned our company to
deliver industry leading cash flow growth over the next decade,” CEO said. “In 2021,
our priorities remain to preserve cash, capability and the long term value of our assets,
with more than 80% of our capital expenditures allocated to our high return investments
in Guyana and the Bakken.”
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Petrobras (Brazil) concludes the sale of assets in Uruguay
Petrobras informs that its indirect subsidiary Petrobras Uruguay
Sociedad Anónima de Inversiónconcluded (2/2) the sale of its entire
stake in Petrobras Uruguay Distribución SA, in Uruguay, to Mauruguay
SA, a wholly-owned subsidiary of Disa Corporación Petrolífera SA
(DISA). After all the precedent conditions were met, the transaction was
concluded with the payment of US $ 62 million to PUSAI, with the
adjustments provided for in the contract. The amount received at closing
adds up to the amount of US $ 6.17 million paid to PUSAI on the date of
signature of the sales contract, on 10/2/2020, totaling US $ 68.17 million.
According to director of Institutional Relations and Sustainability at
Petrobras, the sale of PUDSA is part of the strategy of Petrobras
Holding, which provides for the permanent optimization of its asset
portfolio. “We are concentrating our resources on assets and segments
in which we have a competitive advantage, leveraging the generation
of shareholder value. We are focusing on what we know how to do
best and which gives us the most results. Maximizing the return on
capital employed is one of the pillars of our Strategic Plan for the
five-year period 2021-2025 ”, said director of Institutional.
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Petrobras (Brazil) signs contract for the sale of E&P assets in Espírito Santo
Petrobras, in continuation of the statement released on 08/05/2019, informs
that it has signed with the companies OP Energia Ltda. and DBO Energia SA
contract for the sale of all of its stakes in the Peroá and Cangoá production
fields, and in the BM-ES-21 concession, jointly called Polo Peroá, located in
the Holy Spirit. OP Energia and DBO Energia will form a consortium to
acquire Polo Peroá, with a 50% stake each, with the first company as
operator.The sale value is US $ 55 million, of which US $ 5 million is paid on
the present date; US $ 7.5 million at the close of the transaction and US $ 42.5
million in contingent payments provided for in the contract, related to factors
such as Malombe's declaration of commerciality, future oil prices and
extension of the concession terms. The amounts do not consider the
adjustments due until the closing of the transaction, which is subject to the
fulfillment of precedent conditions, such as approval by the National Agency
of Petroleum, Natural Gas and Biofuels (ANP).
According to the director of Institutional Relations and Sustainability at
Petrobras,the signing of the contract is an important milestone in the
consolidation of a stronger and more competitive industry. “Our goal is to
maximize the value of our portfolio and provide an opportunity for other
companies in the sector to also prosper. In the portfolio of these companies,
Polo Peroá will be able to develop, receiving new resources and increasing
its useful life, with a positive impact on the generation of jobs and income
for the region ”.
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Sale of kitchen gas grows in Brazil
The increase in domestic demand for cooking gas, due to the social distancing scenario, resulted in an increase of 5.3% in the consumption of
LPG for 13 kg cylinders in 2020. The movement occurred in the opposite direction to that of other fuels, impacted by mobility restrictions
imposed by COVID-19 and the consequent economic downturn. The data can be consulted on the Dynamic Panel of the Brazilian LPG Market
on the Market, In the last 14 years, the price of gas cylinders has fluctuated between 6% and 8.7% of the current national minimum wage. In 2007,
this percentage was 8.7%. In 2019, the price of the cylinder represented 6.9% and, in 2020, it was equivalent to 6.7% of the minimum wage, on
average. Petrobras' sales prices to distributors, as well as its dynamics linked to changes in international prices and exchange rates, account for
only a portion of the price to the final consumer, although variations in the price of the cylinder are almost always attributed exclusively to
Petrobras.In 2020, Petrobras' share of the price to the final consumer corresponded, on average, to 39% of the value observed at points of resale.
In addition to the cost of LPG at the company's refineries, state and federal taxes make up the sale price of the cylinder (weight of 18%, on
average, in 2020), as well as the cost and remuneration coverage of LPG distributors and resellers. The prices practiced by Petrobras are based
on import parity quotations and, thus, follow the variations of the product's value in the international market and of the exchange rate. Reflecting
such fluctuations, Petrobras promotes both increases and decreases in its prices.
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Petrobras (Brazil) informs on sale of refineries
Petrobras, regarding the progress of the refineries' divestments, clarifies that it received a binding proposal for the sale of the Alberto
Pasqualini Refinery (REFAP), in Rio Grande do Sul, and is in the negotiation phase with UltraparParticipações SA. The company also
received binding proposals for sale from the PresidenteGetúlio Vargas Refinery (REPAR), in Paraná, and is currently analyzing the
proposals. In addition, Petrobras is awaiting the final offers from all participants in the sale process of the Landulpho Alves Refinery
(RLAM), in Bahia, based on the negotiated versions of the contracts with the Mubadala Investment Company. The company also
received binding proposals and is in the negotiation phase for the sale of the Isaac Sabbá Refinery (REMAN), in Amazonas; of
Lubricants and Petroleum Derivatives of the Northeast (LUBNOR), in Ceará; and the Shale Industrialization Unit (SIX), in Paraná.
Petrobras also expects to receive binding offers for sale from the Abreu e Lima Refinery (RNEST), in Pernambuco, and the Gabriel
Passos Refinery (REGAP), in Minas Gerais, in the first quarter of this year. Petrobras reinforces its commitment to the broad
transparency of its divestment projects and portfolio management and informs that the subsequent steps will be disclosed to the market
in accordance with the company's Divestment Scheme and Decree 9188/2017.
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ORLEN (Poland) Południe invests in agricultural biogas plants
South ORLEN, ORLEN Group company, acquired two plots in Głąbowie, in the municipality of Ryn, taking them
started on the construction of agricultural biogas plant. The company will continue the investment, expanding the
installation towards a biomethane plant producing approx. 7 million m3 of biogas per year. The implementation
of the project is in line with the ORLEN Group's strategy until 2030, assuming the construction of an
economically and energy-efficient system of renewable energy sources.ORLEN Południe, which is developing a
new business line in the biogas production area, previously acquired a modern agricultural biogas plant in
Konopnica, in the RawaMazowiecka commune. In Głąbowo, OrlenPołudnie purchased two plots of land with an
area of 1.36 ha and 0.23 ha, together with the construction of a biogas plant with a capacity not exceeding 1 MWe.
The company intends to carry out this investment with the assumption of its expansion to approx. 3 MWe. The
commencement of construction works is scheduled for the first quarter of this year. Their contractor will be the
Polish company PROEKO from Witaszyce. The biomethane produced in the installation could be pumped into
the gas network in the amount of approx. 7 million m3 per year. The investment is scheduled to be completed by
the end of 2022.The properties in Głąbów are well located in terms of the availability of substrates necessary for
biogas production. The purchase of land for the construction of our own biogas plant is another step in the process
of creating the ORLEN Południe business line in the area of biogas production. It assumes both the construction
of new installations as well as the acquisition and modernization of existing facilities. The first biogas plant built
by ORLEN Południe will be built in Głąbów. However, in December last year. the company purchased an
existing, modern agricultural biogas plant with a capacity of 1.99 MWe in Konopnica in the commune of
RawaMazowiecka. There are plans to convert it into a biomethane plant.
“We focus on modern business that will allow the ORLEN Group and the Polish economy to develop in a
sustainable manner. We have declared emission neutrality in 2050 as the first fuel concern in Central Europe.
This is an ambitious goal that we know how to achieve. During this decade, we will invest over PLN 25
billion in projects that will have a positive impact on the environment, and will ensure us the position of a
leader in energy transformation in Central Europe. The biogas investments carried out by ORLEN Południe
are just one of the elements of the ORLEN2030 strategy. The implementation of these projects will
strengthen the competences and market position of ORLEN Południe, and this will strengthen the entire
ORLEN Group”. says President of the PKN ORLEN Management Board.
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Suncor Energy (Canada) reports fourth quarter 2020 results
• Funds from operations increased to $1.221 billion ($0.80 per common share) in the fourth quarter of 2020, from $1.166 billion ($0.76 per common share) in the third quarter of 2020, and includes a
$186 million ($0.12 per common share) transportation provision related to the Keystone XL pipeline project.
• The company recorded an operating loss of $142 million ($0.09 per common share) in the fourth quarter of 2020, compared to an operating loss of $302 million ($0.20 per common share) in the third
quarter of 2020 and operating earnings of $782 million ($0.51 per common share) in the prior year quarter.
• The company exceeded its previously announced operating cost reduction target, reducing annual operating costs by $1.3 billion (approximately 12%) in 2020, compared to 2019 levels, and met its
capital reduction target, reducing annual capital expenditures by $1.9 billion (approximately 33%) in 2020 compared to the original 2020 capital guidance midpoint.
• Reliable operations drove refinery utilization of 95% in the fourth quarter of 2020, compared to 87% in the third quarter of 2020 and 97% in the prior year quarter. Suncor leveraged its strong domestic
sales network and export channels, including integration with the retail network, within its downstream business to achieve higher utilization rates which continued to outperform the Canadian refining
average in the fourth quarter of 2020.
• During the fourth quarter of 2020, Suncor’s total upstream production was 769,200 barrels of oil equivalent per day (boe/d) compared to 778,200 boe/d in the prior year quarter. The company’s
synthetic crude oil (SCO) production increased to 514,300 barrels per day (bbls/d) in the fourth quarter of 2020 from 456,300 bbls/d in the fourth quarter of 2019, marking the second best quarter of SCO
production in the company’s history.
• At Firebag, work to expand the capacity of the facility by 12,000 bbls/d was completed, enabling the asset to produce near its new nameplate capacity of 215,000 bbls/d exiting the quarter. In addition,
at the company’s Edmonton refinery, the nameplate capacity was increased from 142,000 bbls/d to 146,000 bbls/d, subsequent to the fourth quarter of 2020, as a result of debottlenecking activities.
• The Syncrude joint venture owners reached an agreement in principle for Suncor to take over as operator of the Syncrude asset by the end of 2021. Suncor, together with the other Syncrude joint
venture owners, will continue to drive operating efficiencies, improve performance and develop regional synergies through integration. By capitalizing on the collective strength of our regional operations,
annual synergies of $300 million gross are expected.
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Total (France) to Acquire from Adani A 20% Interest in The Largest Solar
Developer in The World
Total announces the acquisition of a 20% minority interest in Adani Green Energy Limited from Adani
Group. The transaction marks the deepening partnership between the Adani Group – India’s leading
infrastructure platform - and Total, in the transition and green energy fields in India. The investment
in AGEL is another step in the strategic alliance between Adani Group and Total, which covers
investments in LNG terminals, gas utility business, and renewable assets across India. This is in line
with the commitment of both Adani and Total to be leading participants in the sustainable economy of
the future and help India in its quest for development of renewable energy. In 2018, Total and Adani
embarked on the energy partnership with investment by Total in Adani Gas Limited, city gas
distribution business, associated LNG terminal business and gas marketing business. During the
development of this partnership, it was further agreed that Total and Adani shall continue this alliance
into the wider renewable energy space.Total and Adani agreed the acquisition of a 50% stake in a 2.35
GWac portfolio of operating solar assets owned by AGEL and a 20% stake in AGEL for a global
investment of USD 2.5 Billion. Along with this 20% minority interest in AGEL, Total will have a seat
on the Board of Directors of the company. AGEL, started in 2015 with the world’s largest single
location solar power project located in Kamuthi, Tamil Nadu (648 MW) has come a long way to be the
#1 global solar power generation asset. As on date, AGEL has over 14.6 GW of contracted renewable
capacity, with an operating capacity of 3 GW and another 3 GW under construction and 8.6 GW under
development. The company aims to achieve 25 GW of renewable power generation by 2025.
Chairman and CEO of Total, said: “This agreement is an important step in our alliance with the
Adani Group in India and our common vision and goals with respect to the importance of access
to low carbon energy in India. Our entry into AGEL is a major milestone in our strategy in the
renewable energy business in India put in place by both parties. Given the size of the market,
India is the right place to put into action our energy transition strategy based on two pillars:
renewables and natural gas.”
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Total (France) Acquires Fonroche Biogaz And Becomes The French Leader In Re-
newable Gas
Total announces the acquisition of Fonroche Biogaz, a company that designs, builds and
operates anaerobic digestion units in France. With close to 500 gigawatt-hours (GWh) of
installed capacity, which doubled between 2019 and 2020, Fonroche Biogaz is today the
French market leader in the production of renewable gas1 with more than 10% market share
thanks to a portfolio of seven units in operation and a pipeline of four imminent projects.
Drawing on the expertise of its 85 employees, Fonroche Biogaz has developed industrial and
technological expertise across the entire renewable gas value chain. Its integration marks a
significant step in Total’s development on the renewable gas market, with prospects for rapid
growth on the French market and for international deployment.With this acquisition, Total
becomes a major player in renewable gas in France and Europe, and significantly strengthens
its presence in the sector, already effective through its affiliates Méthanergy, PitPoint and
Clean Energyin Benelux and the United States respectively. In December 2020, Total signed
a Memorandum of Understanding (MoU) with Clean Energy to establish a $100 million
50/50 joint venture to develop renewable gas production projects in the United States. By
2030, Total plans to produce 4 to 6 TWh of biomethane a year.
"This acquisition is consistent with our strategy and our climate ambition to get to Net
Zero by 2050. We believe that renewable gas has a key role to play in the energy
transition as it contributes to reducing the carbon intensity of natural gas – and we
support the imposition of renewable gas incorporation in natural gas networks," explains
Philippe Sauquet, President Gas, Renewables & Power at Total. In 2020, we stated our
intention to contribute to the development of this sector, which we expect to become
more competitive in the next few years. We intend to produce 1.5 terawatt-hours of
biomethane a year by 2025 and Fonroche Biogas is therefore the cornerstone of our
development in this market.We are proud to join the Total Group, which has shown
strong vision and ambition, by launching a massive and sustainable investment program
in renewable energies. Our integrated business model combined with Total's strength and
global reach gives us a positive and sustainable outlook for the future. Their excellent
track record in the solar sector – both in terms of the duration of their investments and
their strong growth – has confirmed our decision to combine the expertise of Fonroche
Biogaz teams with this French energy major," saidPresident and Founder of Fonroche
Group.
Description
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TC Energy (Canada) reports results of conversion elections for Series 5 and
6 preferred shares
TC Energy Corporation announced that 818,876 of its 12,714,261 fixed rate Cumulative Redeemable First Preferred Shares, Series 5 (Series 5 Shares)
have been elected for conversion on January 30, 2021, on a one-for-one basis, into floating rate Cumulative Redeemable First Preferred Shares, Series
6 (Series 6 Shares); and 175,208 of its 1,285,739 Series 6 Shares have been elected for conversion, on a one-for-one basis, into Series 5 Shares. Given
that the conversion date of January 30, 2021 is not a business day, the conversions will occur on the next business day, February 1, 2021. As a result
of the conversions, TC Energy will have 12,070,593 Series 5 Shares and 1,929,407 Series 6 Shares issued and outstanding. The Series 5 Shares and
Series 6 Shares will continue to be listed on the Toronto Stock Exchange (TSX) under the symbols TRP.PR.C and TRP.PR.I, respectively. The Series
5 Shares will pay on a quarterly basis for the five-year period beginning on January 30, 2021, as and when declared by the Board of Directors of TC
Energy, a fixed dividend at an annualized rate of 1.949%.The Series 6 Shares will pay a floating rate quarterly dividend for the five-year period
beginning on January 30, 2021, as and when declared by the Board of Directors of TC Energy. The dividend rate for the first quarterly floating rate
period commencing January 30, 2021 to, but excluding, April 30, 2021 is 1.655% and will be reset every quarter. Holders of Series 5 Shares and Series
6 Shares will have the opportunity to convert their shares again on January 30, 2026 and every five years thereafter as long as the shares remain
outstanding. For more information on the terms of, and risks associated with an investment in the Series 5 Shares and the Series 6 Shares.
Description
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Eni (Italy) Versalis licenses LDPE-EVA technology for MTO project in
Uzbekistan
17
Solution Description
Versalis, the chemical company of Italian energy major Eni, has licensed to Enter Engineering Pte. Ltd. a Low Density Polyethylene/Ethyl Vinyl Acetate swing unit to be built
as part of a new Gas to Chemical Complex based on MTO-Methanol to Olefins technology to be located in the Karakul area in the Bukhara region of the Republic of Uzbekistan.
The plant is part of a global complex that will have a major importance in Central Asia due to its size and the technologies involved. Enter Engineering Pte. Ltd., one of the
largest construction Companies in the region, will act as licensee on behalf of the Uzbek Company Jizzakh Petroleum JV LLC, who will own and operate the LDPE/EVA unit
and the entire Gas to Chemical Complex once built and made ready for operation. The licensed plant will be based on the Versalis proprietary LDPE/EVA Technology. The unit
will be designed for a maximum production of EVA equivalent to180.000 t/y. LDPE and EVA are ethylene polymers and co-polymers possessing a suitable balance between
processability and mechanical properties, which are widely used in the industry for the production of materials covering a variety of applications including film, coating,
injection moulding, packaging, medical appliances, foams and as a base component for hot melt adhesives. The LDPE/EVA technology is part of the wider polymers’
technologies portfolio offered by Versalis to produce high-value products. Versalis’ background and expertise as licensor of its proprietary technologies relies on its enduring
R&D and lab & pilot plant testing capabilities, and full-scale operational experience at its own production facilities. This knowledge strengthens Versalis’actions to support and
assist its licensees in achieving their specific needs from the project development phase throughout the operational stages. The contract has been acquired by Versalis in
cooperation with ECI Group, a US based plant-lifecycle specialist providing services in design, engineering, procurement, construction, technology and consultancy
particularly focused on polyolefins plants. ECI Group comprises Engineers and Constructors International (US), Simon Carves Engineering Ltd. (UK) and International
Technical Excellence Center.

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Equinor (Norway) Important contracts in place in the Northern Lights
project
18
The energy transition requires new solutions to cut emissions from industry sources in Norway and Europe. With the contract awards to Subsea 7
Norway and Aibel we have taken new and important steps to realise the Northern Lights project.Subsea 7 has won an EPCI contract for pipelaying
and subsea installations. The contract value is estimated at about NOK 500 million. The supplier will fabricate and lay a 100 km long pipeline that
will transport CO2 from the intermediate storage site at Energiparken in Øygarden to the injection well in the North Sea. Subsea 7 will also install
a 36 km long umbilical that will connect the injection well to the Oseberg field from which the subsea injection facilities will be operated. Project
management and engineering will be delivered by Subsea 7’s office at Forus, while fabrication of pipes will be done at the Vigra spool base near
Ålesund. The contract is expected to result in approximately 250 man-years during the project’s life. Planning of the work will start immediately,
and the main offshore operations are scheduled to be carried out during 2022-2023.Aibel has been awarded an EPCI contract for the Northern
Lights subsea control system located on the Oseberg A platform. The contract is awarded as a call-off against the existing Oseberg portfolio
agreement signed in July 2020. The estimated value of the assignment is about NOK 140 million. The scope of work includes all necessary
upgrades on the Oseberg A platform to pull in and operate the umbilical system that will connect the platform and the Northern Lights subsea
facilities.

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Ørsted(Denmark) takes final investment decision on first renewable
hydrogen project
19
Ørsted has decided to take final investment decision on the H2RES renewable hydrogen demonstration project at AvedøreHolme in Copenhagen,
Denmark. H2RES will be Ørsted's first renewable hydrogen project in operation and marks a new era in Ørsted's green journey, where the power
of offshore wind will be harnessed to decarbonise society beyond direct electrification, offering a path towards zero emissions for otherwise hard
to abate sectors. H2RES will have a capacity of 2 MW. The facility will produce up to around 1,000 kg of renewable hydrogen daily, which will
be used to fuel road transport in Greater Copenhagen and on Zealand. The project is expected to produce its first hydrogen in late 2021.Ørsted has
over the past 18 months partnered with different consortia in seven renewable hydrogen projects in Denmark, Germany, the Netherlands, and the
United Kingdom.The practically unlimited global offshore wind resources are ideally suited to power renewable hydrogen electrolysis. The
H2RES project will investigate how to best combine an electrolyser with the fluctuating power supply from offshore wind, using Ørsted's two 3.6
MW offshore wind turbines at AvedøreHolme.The Energy Technology Development and Demonstration Programme under the Danish Energy
Agency has previously awarded DKK 34.6 million for the development of the H2RES project to Ørsted, Everfuel Europe A/S, NEL Hydrogen A/S,
Green Hydrogen Systems A/S, DSV Panalpina A/S, Hydrogen Denmark, and Energinet Elsystemansvar A/S.

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Petrobras (Brazil) Virtual competition sponsored by Petrobras encourages
learning about technology in a playful way
20
Technological Treasure Hunt, promoted by the platform Playing with Ideas, encourages and teaches the use of programming, electronics and robotics. A different
treasure hunt begins this Tuesday (01/26), at 8 pm. Instead of old maps and desert islands, the search will be virtual and involving challenges related to new
technologies. The initiative is promoted by the platform Playing with Ideas, on its Youtube channel. Sponsored by Petrobras, the Technological Hunt project works
as a virtual gymkhana, in 42 videos with easy language on current technology topics. In each video there will be a hidden code for Internet users to write down.
Among the selected subjects are code software, programming languages, robotics, internet of things (IOT), blockchain, drones, virtual and augmented reality,
among others.n addition to classes on themes from the maker universe, the program will include participation by researchers from the Petrobras Research Center,
Cenpes, the largest in Latin America, which already has more than 1,000 registered patents. The first video, available this Tuesday, brings all the explanations about
the technological contest.The challenge is divided into 4 stages, which will take place between March and June 2021, completely online. At the end of each stage,
a special video will be published for the interested party to enter the collected codes and exchange them for a “Bino code”, the name of the channel's mascot
robot.To win, Internet users must collect the four Bino codes, one for each stage, and resolve the final challenge in the shortest possible time, which will be held
live on the Playing with Ideas channel, with real-time monitoring of the participants. The first three to solve this last challenge will be the winners. They will
receive a 100% free scholarship on a channel course and a kit of materials focused on programming and creating interactive or robotics projects. The first place
will also receive a 3D printer. Check out the presentation video of the project here.

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Schlumberger (USA): Celsius Energy Completes First Installation of Innovative
Building Heating and Cooling Low-Carbon Solution
21
Celsius Energy completed the first installation of its building heating and cooling solution in December 2020. Located in the
Schlumberger Riboud Product Center in Clamart, France, the Celsius solution has been effectively providing building occupants with
low-carbon thermal heating and cooling since construction was completed last December. So far, this first installation has resulted in
a 90% reduction of CO2 emissions, and a 40% reduction of operational costs. The Celsius Energy building and heating solution
utilizes geoenergy, which is powered by the Earth. Essentially, the solution aims to plug buildings into the Earth’s continuous and
resilient energy resources to deliver heating and cooling, while reducing CO2 emissions by as much as 90%.For this first installation,
the Celsius Energy solution is actively providing heating and cooling for a 60-year old commercial building construction that is 3,000
square meters in space and four floors high. The total surface installation of the solution is approximately 20 square meters, or just
smaller than two parking spots. The entire construction, from feasibility study to delivery, was completed in six months. Further, the
construction did not disrupt regular activity throughout the building, which often sees up to 200 employees per day.

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Phillips 66 (USA) Receives $3 Million Grant to Advance Reversible Solid Oxide
Fuel Cell Technology
22
Phillips 66 announced it has received a $3 million grant from the U.S. Department of Energy to advance the development of high-performance
reversible solid oxide fuel cells. Phillips 66 will collaborate with the Georgia Institute of Technology (Georgia Tech) to demonstrate the
commercial feasibility of a low-cost and highly efficient reversible solid oxide fuel cell (RSOFC) system for hydrogen and electricity generation.
The technology is one of many Phillips 66 is pursuing as part of its commitment to a sustainable, lower-carbon energy future.SOFCs are ceramic
devices that generate electricity efficiently, with low emissions and at a competitive cost by oxidizing a fuel, such as hydrogen or natural gas,
through electrochemical reactions rather than combustion. They have a lower carbon footprint compared with conventional power plants and are
an ideal technology for the capture of carbon dioxide. Reversible SOFCs allow for the fuel cells to operate in either power generation mode, as a
solid oxide fuel cell, or reverse mode, as a solid oxide electrolysis cell. In the latter, electricity is applied to the cells to produce hydrogen, a
low-emission fuel, through electrolysis. Phillips 66 has made significant technical progress in the area of solid oxide fuel cells and holds eight U.S.
granted patents and 22 pending U.S. patent applications in its SOFC intellectual property portfolio. The grant was awarded by the Department of
Energy’s Office of Fossil Energy. Phillips 66 will be the research lead on the grant, with Georgia Tech as a collaborative partner.

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Total Adds 2.2 Gw To Its U.S. Solar Portfolio and Covers All Its Power
Consumption in The Country with Green Electricity
23
Total strengthens its presence in the U.S. market by acquiring a development pipeline of 2.2 GW of solar projects, and 600
MW of battery storage assets, all located in Texas. The projects are bought from SunChase Power, a renewable energy
company focused on developing utility-scale energy projects, and MAP RE/ES, a private energy investment firm. This
announcement comes after recent news of a joint venture with 174 Power Global to develop 1.6 GW in the United States. The
pipeline consists of four large-scale solar projects, each with co-located battery energy storage systems (BESS), in industrial
areas close to Houston that have high demand for electricity. Construction of the first two projects is expected to start later
this year. All projects will come online between 2023 and 2024. The remuneration paid by Total to Sunchase and MAP RE/ES
will be in staged payment as the projects advance. Total will commit to a 1 GW corporate PPA sourced from this solar power
and energy storage portfolio in order to cover all the electricity consumption of its operated industrial sites in the U.S., among
which Port Arthur refining and petrochemicals platform and La Porte and Carville petrochemical sites.

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TATNEFT (Russia): KAMA TIRES launches new assembly lines for
passenger car and light truck tires
24
Tire business KAMA TIRES of TATNEFT company at the plant of PJSC Nizhnekamskshina put into operation new equipment for the production of passenger car and
light truck tires - two modern MAXX assembly complexes and an automatic filling line APEXER. The equipment was purchased as part of the project "Increase in tire
production by 1.2 million units per year". The new assembly complexes use more sophisticated software and a convenient "man-machine" interface. In addition, there is
the possibility of producing an expanded range of passenger and light truck tires. The machines use modern, energy-efficient drives. The precision of the material
deposition on the drums throughout the entire process is ensured by laser sensors and magnets. The average time for one production cycle of assembly is 37-38 seconds
- it depends on the standard size of the assembled tire. The productivity of each assembly complex is up to 2 thousand tires per day. The new equipment operates with an
optimal level of reliability and safety. The automatic system minimizes human intervention in the production process while improving the quality of passenger car and
light truck tires. Commissioning has already been completed at one of the new complexes, tests for technological accuracy have been carried out, at the second,
commissioning is continuing. A new line for the application of a filler cord on the bead ring of radial tires with a landing diameter of up to 20 inches - APEXER - was
launched into warranty operation, designed for the automatic assembly of pre-made bead rings with a filler cord produced on the line. The end product is a side fender,
on which the tire disc is planted. More than 2.5 thousand side wings are assembled per shift. The line is equipped with a modern and user-friendly interface, a 17-inch
color touch screen. The PIXXEL video system is integrated into the machine, and the principle of full continuous monitoring of all components is applied. This laser
triangulation detection system inspects the filler line joint, allowing defective products to be rejected in real time without operator intervention.

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TATNEFT (USA) Expands Oilfield Services in Turkmenistan
25
The company launched a tubing repair section in Turkmenistan, despite the limitations associated with the epidemiological situation in the world.At the end
of January in the city of Balkanabat, with the assistance of the state concern "Turkmennebit", a section for the repair of tubing pipes of the TATNEFT branch
in Turkmenistan began work. On February 5, heads of the Turkmennebit divisions got acquainted with its work. The launch of the tubing repair section was
a new step in expanding the range of oilfield services provided by Tatneft in Turkmenistan. At present, the TATNEFT branch is already providing services to
the Turkmennebit State Concern for the overhaul and enhanced oil recovery of wells, as well as for the repair of electric submersible centrifugal units.
Geological and technological measures carried out at the wells of the state concern "Turkmennebit" made it possible to produce over 300 thousand tons of
oil. Repair of tubing, used both in well workover and directly in their operation, can reduce investment costs, involve unused assets in the oil production
process, and increase the turnaround time of wells by reducing failures due to pipe leaks.At its own fields, TATNEFT repairs and widely uses recovered
tubing. According to statistics, the operating time of the repaired tubing is 70-80% of the resource of new pipes. The Company is now offering a similar
service to the Turkmen oil-producing state concern Turkmennebit, as well as to other companies in Turkmenistan. The tubing repair section located in
Balkanabat includes the stages of washing, unbolting and bloating couplings, inspection and threading, hydraulic testing of tubing, marking and final
inspection. the capacity of the section is up to 12 pipes per hour, if necessary, it can be doubled without additional capital costs.Specialists from Turkmenistan
were hired and trained to work at the new production facility.

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Eni (Italy) awarded a new Production Licence in the UK sector of the North
Sea
26
Eni announces the successful award of a new Production Licence, resulting from an application made in the 32nd UK
Offshore Licensing Round. The Licence, named P2511, covers an area of approximately 340 square kilometres and is
located approximately 250 km offshore UK in the Northern North Sea in a water depth ranging from 100 to 130 m. It is
situated near the UK/Norwegian border where several significant discoveries were recently made. The Licence has an
Initial Exploration Term of six years. Eni UK will assume the role of operator with a 100% participating interest. Through
the Licence participation, Eni renews its commitment to the valorisation of resources in the UK sector of the North Sea
where the company has been operating for over 50 years. Eni has been present in the UK since 1964 and is currently active
in the Exploration & Production sector, with a production of 55 Kboed as well as in the Gas & Power and Refining &
Marketing & Chemicals sectors. In October 2020 Eni has been awarded a carbon storage licence in the Liverpool Bay area
of the East Irish Sea.
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Equinor selected for largest-ever US offshore wind award
27
Equinor was selected to provide New York State with offshore wind power in one of the largest renewable energy procurements in
the U.S. to date.Under the award, Equinor and incoming strategic partner bp will provide generation capacity of 1,260 megawatts
(MW) renewable offshore wind power from Empire Wind 2, and another 1,230 MW of power from Beacon Wind 1 – adding to the
existing commitment to provide New York with 816 MW of renewable power from Empire Wind 1 – totaling 3.3 gigawatts(GW) of
power to the State. The execution of the procurement award is subject to the successful negotiation of a purchase and sale agreement,
which the partnership looks forward to finalizing together with the New York State Energy Research and Development Authority. As
part of the award by NYSERDA, the companies will partner with the State to transform two venerable New York ports – the South
Brooklyn Marine Terminal and the Port of Albany – into large-scale offshore wind working industrial facilities that position New
York to become an offshore wind industry hub.Taken together, these offshore wind projects will help the State’s economic rebound
and strengthen disadvantaged communities while helping the State achieve its nation-leading renewable energy goals.
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Equinor (Norway) awarded 17 new production licences on the Norwegian
continental shelf
28
Equinor has been awarded 17 new production licences by Norway’s Ministry of Petroleum and Energy in the 2020 Award
in Predefined Areas (APA) –10 licences as operator and 7 licences as partner.The MPE announced that Equinor has been
awarded 8 production licences in the North Sea and 9 licences in the Norwegian Sea. The annual APA rounds are a central
part of the NCS success story. Since the authorities introduced the APA rounds at the beginning of the 21st century, several
discoveries have been made in mature areas with geology we know and already developed infrastructure. Due to their
location, these resources can often be realised with high profitability and create considerable value for society, and they
can be produced with a low carbon footprint per barrel.At the same time, we are experiencing a rapid technological
development. New digital tools trigger more ideas and many new opportunities. Several of Equinor’s exploration wells in
the past years are a direct result of this work.
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2021 Global 100: Neste (Finland) ranked as the world’s 4th most sustainable
company
29
Neste has placed 4th on the Corporate Knights’ Global 100 list of the world’s most sustainable companies. This marks the
company’s 15th consecutive inclusion on the Global 100 list. Neste has been included on the list continuously for longer than
any other energy company in the world. The Global 100 list is an annual ranking of corporate sustainability performance
compiled by an independent consultancy Corporate Knights. This year Corporate Knights analyzed 8,080 companies against
global industry peers. The ranking is based on an assessment of up to 24 quantitative key performance indicators ranging from
environmental performance indicators to resource management, employee management, financial management, clean
revenue and supplier performance. Neste’s transformation journey has taken the company from a local oil refining company
to becoming a global leader in renewable and circular solutions. Neste creates solutions for combating climate change and
accelerating the shift towards circular economy. The company helps customers in the transport sector and cities, aviation, as
well as polymers and chemicals industries to make their business more sustainable.
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PGNiG awarded four new licences in Norway
30
Polish Oil and Gas Company has added new exploration licences to its portfolio on the Norwegian Continental Shelf. They were awarded by the Norwegian
government in the APA 2020 licensing round. With the awards, the number of licences held by the PGNiG Group on the NCS has increased to 36. PGNiG’s
subsidiary PGNiG Upstream Norway was one of the 30 oil companies operating in Norway awarded new acreage this year. The licences were awarded to
applicants who submitted licence applications that were the best in terms of geological and technical understanding. Two of the new licences (PL 1123 and PL
1124) are located near the Skarv field in the Norwegian Sea, whereas the PL 1088 and PL 146B licences lie in close proximity to the King Lear field in the North
Sea.The operator of the two new licences in the North Sea is Aker BP, with a 77.8% interest in each of them. PGNiG Upstream Norway is a partner on the licences,
holding a 22.2% interest in each of them. The company has also acquired a 30% interest in the PL 1123 licence in the Norwegian Sea, with Aker BP and
ConocoPhillips (operator) as the other partners. It holds an 11.9175% interest in PL 1124, with the other partners being Aker BP (operator), Equinor and
Wintershall DEA.The rapid pace of acquisitions over the past four years has increased the PGNiG Group’s oil and gas reserves on the Norwegian Continental Shelf
from approximately 80 mmboe to 208 mmboe at the end of 2020.In 2020, PGNiG Upstream Norway discovered gas in the Warka prospect. Preliminary estimates
put the recoverable reserves of the new discovery at between 8 bcm and 30 bcm of natural gas and condensate. PGNiG Upstream Norway is already producing
crude oil and natural gas from nine fields: Skarv, Morvin, Vale, Vilje, Gina Krog, Skogul and Ærfugl, Kvitebjørn and Valemon, while development and assessment
work is under way on five more deposits: Duva, Tommeliten Alpha, King Lear, Ærfugl Outer and Shrek.
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Technip (UK) Energies and Chiyoda Awarded a Major LNG Contract for
the North Field East Project in Qatar
31
TechnipFMC is pleased to announce that CTJV, a joint venture between Chiyoda Corporation and Technip Energies,
has been awarded a major (1) Engineering, Procurement, Construction and Commissioning contract by Qatar
Petroleum for the onshore facilities of the North Field East Project. This award will cover the delivery of 4 mega trains,
each with a capacity of 8 million tons per annum of Liquefied Natural Gas, and associated utility facilities. It will
include a large CO2 Carbon Capture and Sequestration facility, leading to more than 25% reduction of Green House
Gas emissions when compared to similar LNG facilities. The new facilities will receive approximately 6 billion
standard cubic feet per day of feed gas from the Eastern sector of Qatar’s North Field, which is the largest
non-associated gas field in the world. The expansion project will produce approximately 33 Mtpa of additional LNG,
increasing Qatar’s total production from 77 to 110 Mtpa.
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Saipem: awarded FEED contract for Virginia Gas Project in South Africa
32
Saipem has been awarded a Front-End Engineering Design (FEED) contract by Renergen, a South African emerging
integrated renewable energy company, through its 100% controlled subsidiary Tetra4. The contract concerns the downstream
development of the Virginia Gas phase 2 Project in South Africa where Saipem established a branch in 2018 located in
Johannesburg.Saipem’s contract encompasses the design of the facilities that will allow to produce LNG and liquefied
Helium. Saipem will design the natural gas purification section, the gas liquefaction section using its proprietary technology
LiqueflexTM-N2, the products storages and off-loading, and the associated utilities. The Virginia Gas Project comprises
exploration and production rights of 187 000 ha of gas fields across Welkom, Virginia, and Theunissen in the Free State. The
fields contain one of the richest Helium concentrations logged internationally. Liquid Helium will be exported abroad while
LNG will be used in South Africa, providing a competitive and cleaner energy source to the country.
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Saipem: awarded new contract in the renewable energy sector in France
33
Saipem has been awarded a contract by Eoliennes Offshore du Calvados SAS (EODC) for the Courseulles-sur-Mer
Offshore Wind Farm in Normandy, France, carrying a total value for Saipem of approximately 460 million euros. The
contract is subject to a Notice To Proceed, which is contingent upon EODC making a positive final investment
decision.EODC is sponsored by a consortium of EDF Renewables, EIH S.àr.l, a subsidiary of Enbridge, and wpd
Offshore France. The project entails the design, construction and installation works for 64 foundations bearing an
equivalent number of turbines. The Courseulles-sur-Mer Offshore Wind Farm zone is located up to 16 km off the coast
of Calvados region, in water depths ranging from 22 to 31 metres. The foundations consist of large steel monopiles
with transition pieces, to be fabricated in Europe and installed by the crane vessel Saipem 3000.
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Equinor (Norway) awarding framework contracts for integrated wireline
services
34
Altus Intervention AS and Archer Integrated Services AS have been awarded framework contracts for supplying integrated wireline
services within well intervention to Equinor’s fixed platforms. The estimated total value of the contracts is close to one billion NOK
per year, and the contracts are awarded for a fixed period of around five years from May 2021.The contracts include three two-year
extension options. Optionality for wireline services to other areas, such as mobile units, are also included. The supplier companies
have their main offices in Stavanger and Sandnes and the contracts are estimated to employ around 500 people. The new intervention
contracts will cover a total responsibility for wireline intervention services. Separate contracts used to be awarded for cable and
mechanical services, perforation, logging as well as tractor and electro-mechanical services. All these services will now be covered
by the integrated wireline services, and the suppliers have formed alliances to be able to offer complete deliveries. Altus is
collaborating with Baker Hughes Norge AS and Archer has formed a collaboration with Welltec Oilfield Services AS and
Schlumberger Norge AS. Cross training of employees will be carried out to enhance the level of competence across the alliances.
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Eni (Italy) gas e luce and Be Charge sign an agreement to accelerate the
transition to electric mobility
35
In accordance with Eni's decarbonization and energy transition strategy, through which it aims to become a leader in the sale of low carbon impact of products by
2050, Eni gas e luce announces the signing of an agreement with Be Charge dedicated to the development of charging infrastructures for electric mobility. The
company is part of the Be Power Group S.p.A. The agreement with Be Charge provides for the nationwide installation of co-branded public charging stations for
electric vehicles. The charging station will be powered by renewable energy, supplied by Eni gas e luce, certified by guarantees of European origin, fed into the
grid and produced by plants powered 100% by renewable sources. The joint commitment, the growth of the charging network and the increasingly cutting-edge
services aim to accelerate the transition to increasingly sustainable and electric mobility. From March 2021, all electric car owners in Italy will benefit from a 50%
discount on the first charge at one of these stations using the Be Charge charging app. Further benefits will be given to Eni gas e luce customers. Be Charge is
currently the second largest national operator of the charging network in Italy in terms of size and power. The agreement with Eni gas e luce will further accelerate
the growth of the infrastructure which currently has over 3,000 charging points installed and over 3,500 under construction, both in alternating current from 22 kW
and in direct current with powers from 75 kW to 300 kW.Thanks to the partnership with Be Charge, Eni gas e luce adds public charging columns to its range of
products for electric vehicles. In 2019, Eni gas e luce officially entered the sustainable mobility sector with E-start, an offer dedicated to residential and business
customers. The offer includes Wallbox, the wall-mounted charging solution compatible with all electric car models, and E-Start Hubs, that offers services for
charging electric cars and corporate fleets that can be customized according to the needs of your business.
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NOGA and Eni (Italy) Rewind sign an agreement for the development of
circular economy initiatives in Bahrain
36
The National Oil and Gas Authority of the Kingdom of Bahrain and Eni Rewind, Eni’s environmental company, signed a memorandum
of understanding in the presence of H.E. Shaikh Mohammed bin Khalifa Al Khalifa, Minister of Oil and Claudio Descalzi, Chief
Executive Officer of Eni. Through the memorandum, signed via videoconference by H.E. Naser Sultan AlSowaidi, CEO of NOGA and
Paolo Grossi, CEO of Eni Rewind, both sides will jointly seek to identify and promote opportunities for water, soil and landfill
management and repurposing in Bahrain, contributing to the progress in implementing the United Nations 2030 Global Goals for
sustainable development. The agreement marks another step in the collaboration between NOGA and Eni to strengthen the cooperation
in the energy sector in Bahrain, achieved through the launch of new initiatives in areas of mutual interest, including exploration, LNG
supply and renewable energy. MoU will contribute towards opening wider horizons of joint cooperation in order to reach innovative
solutions in favour of the circular economy, taking advantage of the three principles: reduce, reuse, and recycle. The partnership will
benefit from the long-standing experience of Eni Rewind, Eni’s environmental company, in this field and its specialists in terms of
expertise and modern technologies for managing water, soil and industrial waste, providing environmentally-friendly solutions.
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EQT (USA) IVC Evidensia expands partnership to drive next phase of
accelerating growth
37
IVC Evidensia, Europe’s largest veterinary care provider, announces an expanded partnership among its shareholders to support IVC in driving its next phase of accelerating
growth. The aggregated new investment from the expanded partnership transaction totals €3.5 billion and values IVC at an enterprise value of approximately €12.3 billion.
Headquartered in Bristol, UK, IVC is a leading veterinary services provider with a network of more than 1,500 clinics and hospitals and approximately 22,000 employees across
Europe. Founded in 2011, IVC operates a decentralized model promoting innovation and clinical freedom balanced with integrated support functions such as procurement,
veterinary advisors and clinical boards. With the purpose of providing the world’s best veterinary services by caring for pets and people, IVC is leading the way in bringing new
standards to animal care and staff wellbeing in the sector globally. IVC was acquired by EQT Private Equity in December 2016, through its EQT VII fund, and in May 2017
the Company merged with Evidensia, a Swedish veterinary group acquired by EQT Private Equity in 2014. Since then, IVC Evidensia has transformed into the leading
European veterinary services provider through accelerated organic growth and a large number of strategic add-on acquisitions. EQT has supported IVC through hiring a new
leadership team around CEO, Steve Clarke, and Chairperson, Kate Swann, and revenue has more than tripled since the merger. As part of its long-term commitment to IVC,
EQT Private Equity is making a substantial investment through its EQT IX fund, and with the transaction EQT VII is partially exiting its stake but will remain invested in the
Company. As its largest shareholder, EQT Private Equity’s new investment is a validation of the successful partnership and continued potential for substantial growth in IVC.
Silver Lake, a leading global technology investment firm, is making a new substantial minority investment in IVC to help further unlock growth from digital and technology
opportunities. Silver Lake has strong expertise and relationships in technology and plans to support IVC as it digitalises its business and develops cutting edge digital products
and solutions.
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EQT (USA): Schülkesells its Personal Care Business and completes strategic repositioning
to a pureplay healthcare company in infection prevention solutions
38
EQT is pleased to announce that EQT Private Equity portfolio company Schülke & Mayr GmbH, has entered into a definitive agreement with ISP Marl Holdings
GmbH and Ashland Industries Europe GmbH, subsidiaries of Ashland Global Holdings Inc., a US-based specialty materials company, under which Ashland will
acquire the Personal Care Business from schülke in an all-cash transaction for EUR 262.5 million. Founded in 1889 in Hamburg, schülke’s mission is to protect
lives worldwide by providing critical hygiene solutions that effectively combat risks for humans and materials from infection and contamination. schülke offers a
diversified product portfolio, including disinfection products for hand, skin and surface as well as wound antisepsis products. The Company was acquired by EQT
Private Equity, through the EQT VIII fund, in July 2020. schülke’s Personal Care Business is a leading developer and supplier of preservatives and multifunctional
skin care additives for the global cosmetics industry and was one of the Company’s four business units. The business is headquartered in Norderstedt, Germany
and has approximately 90 employees in 12 countries that serve customers in around 65 countries globally.The divestment is an important milestone in EQT Private
Equity’s strategic repositioning of schülke to become a pureplay healthcare company and expanding its leading position in infection prevention. Following the
transaction, the Company will have a strong platform and be well-positioned to accelerate growth in its core healthcare business, which has proven critical to
combat infections during the last 130 years. In particular, schülke has been and is contributing immensely to the fight against the ongoing COVID-19 pandemic by
providing its customers and the society at large with the best possible support and supply of urgently needed disinfectants.
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Equinor (Norway) and bp complete US offshore wind transactions and formation
of strategic partnership
39
Equinor and bp have completed their previously announced transaction, whereby Equinor has sold a 50% interest in both the Empire
Wind and Beacon Wind assets on the US east coast for a total cash consideration of around USD 1.1 bn excluding customary purchase
price adjustments.This transaction is the first step in the strategic partnership in offshore wind where Equinor and bp are combining
strengths to enable profitable growth in offshore wind in the US. Equinor will remain the operator of the projects in these leases through
the development, construction and operations phases, and the wind farms will be equally staffed in operations. On 13 January 2021 the
New York State Energy Research and Development Authority announced that Equinor and bp had been selected to provide New York
State with offshore wind power in one of the largest renewable energy procurements in the US to date. Under the award, Equinor and bp
will provide generation capacity of 1,260 megawatts of renewable offshore wind power from Empire Wind 2, and a further 1,230 MW of
power from Beacon Wind 1. When added to the existing commitment to provide New York with 816 MW of renewable power from
Empire Wind 1 this totals 3.3 gigawatts (GW) of power. The execution of the procurement award is subject to the successful negotiation
of a purchase and sale agreement, which the partnership looks forward to finalising together with NYSERDA.
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Neste (Finland) and Avfuel create strategic partnership for sustainable aviation
fuel
40
Neste and Avfuel Corporation announce a strategic partnership to create an efficient, continuous supply of sustainable aviation fuel in the United
States. Neste will provide Avfuel with SAF in volumes able to meet the growing demands of Avfuel’s customers, including fixed base operators
(FBOs), airports, flight departments, original equipment manufacturers (OEMs) and commercial operators. Avfuel will be a branded SAF
distributor for Neste, and will sell it under the brand name Neste MY Sustainable Aviation FuelTM. The strategic partnership positions Avfuel as
one of the first United States companies able to supply its customers with SAF on a continuous basis. Monterey Jet Center – an Avfuel-branded
FBO in Monterey, California – will be the first customer to receive a consistent supply of SAF. With the first delivery scheduled for the first quarter
of 2021, Neste and Avfuel will work with Monterey Jet Center to ensure that the supply chain, from production through invoicing, functions
smoothly before rolling the program out to a larger customer base.Neste has been at the vanguard of sustainable aviation fuel production for nearly
a decade and the company expects to have the capacity to produce some 1.5 million tons (515 million gallons) of SAF annually by 2023. Neste’s
SAF is made from sustainably sourced, renewable waste and residue materials. It is a drop-in fuel that offers an immediate way to directly reduce
greenhouse gas emissions from aircraft, requiring no new investments, modifications or changes to the aircraft or fuel distribution procedures.
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NOVATEK (Russia) and NLMK Signed MOU on Decarbonization
41
PAO NOVATEK and NLMK Group signed a Memorandum on Cooperation (“MOU”) to cooperate in areas to reduce greenhouse
gas emissions. According to the MOU, the Parties intend to cooperate in carbon capture, utilization and storage solutions,
hydrogen production technologies and the use of hydrogen as a clean-burning fuel, as well as develop new products to be used in
low-carbon technologies.PAO NOVATEK is the largest independent natural gas producer in Russia, and in 2017, entered the
global LNG market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the
exploration, production, processing and marketing of natural gas and liquid hydrocarbons. The Company’s upstream activities are
concentrated mainly in the prolific Yamal-Nenets Autonomous Region, which is the world’s largest natural gas producing area
and accounts for approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production.
NOVATEK is a public joint stock company established under the laws of the Russian Federation. The Company’s shares are listed
in Russia on Moscow Exchange (MOEX) and the London Stock Exchange (LSE) under the ticker symbol “NVTK”.
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NOVATEK (Russia) Signed Cooperation Agreement with the Government of the
Kamchatka Territory and Rosprirodnadzor
42
PAO NOVATEK, the Government of the Kamchatka Territory and the Federal Service for Supervision of Natural
Resources (Rosprirodnadzor) signed a Cooperation Agreement on the environmental monitoring of the water area
adjacent to the Kamchatka Peninsula. According to the Agreement, the Parties intend to develop and implement a
comprehensive scientific program to study the water area adjacent to the Kamchatka Peninsula in order to minimize
any negative technogenic impact. The Agreement provides for creating an environmental monitoring system including
observations and laboratory tests of environmental components in order to prevent and minimize environmental
threats.
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NOVATEK (Russia) and Uniper Signed MOU on Hydrogen Production and
Supply
43
PAO NOVATEK and Uniper signed a Memorandum of Understanding (MOU) to investigate and assess the
possibilities of developing a hydrogen value chain. According to the MOU, the Parties will develop an integrated
hydrogen production, transportation and supply chain, including hydrogen supplies to Uniper’s power stations in
Russia and Western Europe. The MOU considers producing "blue" hydrogen from natural gas combined with carbon
capture and storage as well as producing “green” hydrogen from renewable energy sources.
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NOVATEK (Russia) Joins the Arctic Economic Council
44
PAO NOVATEK announced that it has formally joined the Arctic Economic Council. The Arctic Economic Council
(AEC) is an international business forum established in 2014 at the initiative of the Arctic Council in order to facilitate
business-to-business activities and promote responsible economic development of the Arctic region. The AEC’s active
organizations include a diverse range of companies, from start-ups, small- and medium-sized enterprises to regional
and international corporations operating in the Arctic zone.
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TGE and PGNiG (Poland) embark on cooperation with a view to developing a
biomethane market in Poland
45
Polish Power Exchange (TGE) and the Polish Oil and Gas Company (PGNiG) signed a cooperation agreement aimed at
leveraging their mutual expertise and capabilities in creating a biomethane market in Poland. TGE and PGNiG intend to
jointly prepare modern solutions supporting the creation and development of a biomethane market in Poland. The
expertise of both PGNiG, as a key player on the gas market, and of TGE as a trading platform where the trading in gas and
certificates promoting the use of RES are concentrated, should contribute to the transformation of the energy market
leading not only to increased significance of green technologies but also the emerging market for alternative fuels, such as
biomethane or hydrogen. In the first stage of the cooperation, the partners plan to leverage the experience of the Exchange
which currently maintains the Certificate of Origin Register as an element of a potential support scheme for biomethane
based on certificates, as well as the Guarantees of Origin Scheme as a potential instrument for achieving the National
Indicative Target.
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PknOrlen (Poland) Choses an Industry Partner for The Offshore Wind Farm
46
The Canadian company Northland Power Inc. will become an industry partner of PKN ORLEN in the implementation of the offshore wind farm
project in the Baltic Sea. The cooperation involves the preparation, construction and operation of a wind farm with a capacity of up to 1.2 GW. The
Canadian company will eventually acquire 49% of shares. The construction of the investment is planned to start in 2023, and its commissioning
in 2026.The subject of partnership with Northland Power Inc. will be the joint implementation of the Baltic Power offshore wind farm project. The
cooperation covers the preparation, construction and operation of a wind farm with a maximum total capacity of up to 1.2 GW, which will be
covered according to the investment assumptions 25-year support system. By joining the project, the Canadian group will ultimately acquire 49%
of shares in the investment, as a result of a series of capital increases of Baltic Power. The contract will run for 35 years, after which it will become
an indefinite period. The transaction may be finalized after obtaining the consent of the antimonopoly office. Until then, the contract is
conditional.Northland Power Inc. is a Canadian company listed on the Toronto Stock Exchange with over 30 years of experience in the design,
implementation and management of energy projects. Its low- and zero-emission energy assets located on 4 continents include a total of 2.6 GW of
operating generation capacity and 1.4 GW of capacity under construction or in an advanced planning process.
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Total (France) And 174 Power Global To Jointly Develop 1.6 Gw Of Solar And
Energy Storage Projects In The U.S.
47
Total and 174 Power Global, a wholly owned Hanwha Group affiliate, have signed an agreement to form a 50/50 joint
venture (JV) to develop 12 utility-scale solar and energy storage projects of 1.6 gigawatts (GW) cumulative capacity
in the United States, transferred from 174 Power Global’s development pipeline. The first project started production in
2020, and the remainder will be put on stream between 2022 and 2024. Located in Texas, Nevada, Oregon, Wyoming
and Virginia the projects will produce clean and reliable energy across the U.S. and lead to the creation of jobs in
engineering, construction and plant operations. The JV builds on a strong partnership that combines 174 Power
Global’s extensive solar project development experience in the U.S. with Total’s decade-long international expertise in
the development of solar projects.
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Total (France) and Engie Partner to Develop France's Largest Site For The
Production Of Green Hydrogen From 100% Renewable Electricity
48
Total and Engie have signed a cooperation agreement to design, develop, build and operate the Masshylia project, France's largest renewable hydrogen
production site at Châteauneuf-les-Martigues in the Provence-Alpes-Côte d'Azur South region. Located at the heart of Total's La Mède biorefinery and
powered by solar farms with a total capacity of more than 100 MW, the 40 MW electrolyser will produce 5 tonnes of green hydrogen per day to meet
the needs of the biofuel production process at Total's La Mède biorefinery, avoiding 15,000 tonnes of CO2 emissions per year. An innovative
management solution for the production and storage of hydrogen will be implemented to manage the intermittent production of solar electricity and the
biorefinery's need for continuous hydrogen supply. Beyond this first phase, new renewable farms may be developed by the partners for the electrolyser,
which has the capacity to produce up to 15 tonnes of green hydrogen per day. The Masshylia project has been labelled as innovative and of great interest
to the region by several regional institutions It benefits from the support of local actors for its ability to reduce CO2 emissions and demonstrate the
economic advantages of renewable hydrogen and its integration into the local ecosystem and at the European level. The two partners aim to begin
construction of the facilities in 2022, following the completion of the advanced engineering study, with a view to production in 2024, subject to the
necessary financial support and public authorisations. To this end, the project has already applied for subsidies from the French (AMI) and European
authorities.
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LafargeHolcim and Schlumberger (USA) New Energy Explore Carbon Capture
and Storage Solutions
49
LafargeHolcim and Schlumberger New Energy will explore the development of Carbon Capture and Storage solutions.
The two companies will study the feasibility of capturing carbon from two LafargeHolcim cement plants, based in
Europe and North America, using Schlumberger’s carbon sequestration technologies. This innovative partnership
paves the way for both companies to make strong inroads in carbon solutions.This collaboration is a step towards
developing a blueprint for large-scale deployment of Carbon Capture and Storage solutions in transformational sectors.
Schlumberger New Energy is partnering with leaders in a range of strategic sectors to demonstrate carbon solutions
across a wide range of projects. LafargeHolcim is piloting more than twenty Carbon Capture projects across Europe
and North America to identify the most promising ventures with scale-up potential.
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Schlumberger (USA) New Energy, the CEA and Partners Announce European Commission
Approval for the Formation of Genvia, a Clean Hydrogen Production Technology Venture
50
Schlumberger New Energy, the CEA and Partners announced the European Commission’s approval for the formation
of Genvia, a clean hydrogen production technology venture. In a unique private-public partnership model, Genvia
combines the expertise and experience of Schlumberger and the CEA with VINCI Construction, Vicat, and the
investment vehicle of the French Occitanie Region, l’AgenceRégionale de l’Energie et du Climat. Hydrogen is a
versatile energy carrier and a key component of the energy transition for many countries targeting carbon neutrality by
2050. The new venture will accelerate the development and the first industrial deployment of the CEA
high-temperature reversible solid oxide electrolyzer technology, as the most efficient and cost-effective technology for
clean hydrogen production. Broad and deep alliances are critical to reach hydrogen production goals, evolving
applications and creating a new energy infrastructure.
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Andeavor (USA) Marathon Pipe Line Delivers Important Public Safety Grant
in Kentucky
51
Marathon Pipe Line LLC (MPL) employees recently came together to provide a grant through the Marathon Petroleum
Foundation that will allow Bath County, Kentucky, Emergency Management (BCEM) to purchase a new mobile
command center. During past emergencies, Bath County had to rely on the availability of a neighboring county’s
command center. On January 14, employees from MPL’s Owensboro, KY office presented BCEM with a check for
$22,000.At MPC, safety is a core value, which we demonstrate in our operations and by supporting first responders,
government agencies and community-based organizations to increase the overall safety of the communities where we
operate.
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Chevron (USA) invests in carbon capture and utilization startup
52
Chevron Corporation announced a Series C investment in San Jose-based Blue Planet Systems Corporation, a startup that
manufactures and develops carbonate aggregates and carbon capture technology intended to reduce the carbon intensity of
industrial operations. Chevron Technology Ventures’ ongoing investment in carbon capture and utilization technologies supports
Chevron’s focus on a diverse portfolio of lower-carbon solutions. In connection with its investment, Chevron and Blue Planet also
executed a letter of intent to collaborate on potential pilot projects and commercial development in key geographies, with the goal
of jointly advancing lower-carbon opportunities. Blue Planet creates carbonate-based building aggregate made from flue
gas-captured CO2. Distinct from some other industrial carbon capture and utilization technologies, Blue Planet’s process does not
require CO2 purification and enrichment prior to use which can reduce cost and unit energy consumed during capture. Founded
in 2013, Blue Planet’s technology potentially enables permanent capture of CO2 in building materials at scale, converting CO2
to a lower-carbon product for sale in the growing global market of aggregates.
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Manaus hospitals receive 42 lung ventilators developed by USP in partnership
with Petrobras (Brazil) and IBP
53
A total of 42 lung ventilators developed by the University of São Paulo (USP) in partnership with Petrobras and the Brazilian Institute of Oil and Gas (IBP) were
donated to public hospitals in Manaus this week. Named “Inspire”, the new model is low cost, with 100% Brazilian technology, created by a team of engineers
from the university to supply the emergency need for fans during the pandemic. This project was the winner of the third stage of a selection program promoted by
Petrobras and IBP during 2020 and received R $ 1.1 million in financial support for its development. Aligned with the requirements of the Brazilian Association
of Intensive Care Medicine and the requirements for treatment of Covid-19, the model received authorization from Anvisa in August last year. The project foresees
the production of 135 devices in total and free distribution to public hospitals across the country. The objective is to speed up the production of fans in Brazil, so
that the country is not dependent on imported components that are missing from the world market at this time of the pandemic. The development of the new model
counted on more than 200 collaborators from eight USP colleges, and partners such as Marinha do Brasil, Institute of Technological Research (IPT), SENAI-SP
and Federal Institute. “I can say, without a doubt, that if it weren't for the resources of Petrobras and IBP, we wouldn't be able to help Manaus now. The arrival of
financial support after the public selection was fundamental ”, said the coordinator of the Interdisciplinary Center for Interactive Technologies at USP, Marcelo
Zuffo.The public notice initiative came from Petrobras' Scientific Response Team (ECR), which brought together a team of company specialists to develop
technological-based solutions to combat the coronavirus - in partnership with universities, research institutions and companies from all over the country.
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Petrobras (Brazil) donates computers to public schools in Duque de Caxias
54
Petrobras will start donating 250 computers next week to nine municipal and state schools in Duque de Caxias, in Rio de Janeiro. The
equipment will be used to renovate and create computer centers for these educational institutions that are located near the Duque de Caxias
Refinery (Reduc) and UTE Termorio. The delivery was marked by a virtual meeting held this Friday (1/15), with the participation of the
Director of Institutional Relations and Sustainability, Roberto FurianArdenghy, of the Director of Digital Transformation and Innovation,
Nicolas Simone, of the executive manager of Social Responsibility, Olinta Cardoso, from the Community Relations and Social Risks
manager, Edelcio de Freitas, from the mayor of Duque de Caxias, Washington Reis, and directors of the schools contemplated.This is the first
in a series of actions planned for 2021 that will contribute to digital inclusion in communities close to the company's operating units. In this
first phase, the project will impact more than five thousand students, between 4 and 18 years old. These are computers that are no longer used
by the company but have undergone maintenance and are in good condition.In addition to the donation of computers, Olinta points out that
the company will invest in a digital empowerment project, with education actions for high school teenagers and support for elementary school
educators in the development of teaching techniques that use technology in the learning process.
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