** Occidental Petroleum OXY announced that it has entered into a definitive agreement to sell its shares in two non-core offshore assets in Ghana. The agreement includes Occidental’s interests in both Jubilee and TEN fields.
** Mexico’s manufacturing sector stands to benefit from a U.S. transition away from fossil fuels including through the creation of jobs for making electric vehicles, John Kerry, climate adviser to U.S. President Joe Biden, said on Monday.
** With oil prices rallying in recent weeks, it looks like we are going to see $100 a barrel oil, John Catsimatidis, who is active in both the oil and food business, told FOX Business on Monday.
** An environmental nonprofit’s new report finds western Pennsylvania has nearly 9,000 abandoned oil or gas wells, each a source of methane emissions.
** U.S. Sen. Joe Manchin of West Virginia continues to push back against measures in Democrats’ spending plan to reduce carbon emissions, winning praise from the fossil fuel industry but frustrating clean energy advocates.
** Tennessee lawmakers begin a special session to approve a $884 million spending package for Ford’s $5.6 billion investment in an electric vehicle and battery manufacturing campus, including the creation of an oversight authority.
** Alabama hopes to land a newly announced Toyota battery factory by touting a building site less than five miles from an existing Mazda Toyota plant.
** Iowa Sens. Joni Ernst and Chuck Grassley say the Biden administration is dragging its feet with a promised $700 million to biofuel producers still struggling from the pandemic.
** High oil and gas prices spur an industry recovery in Wyoming, where the natural resources and mining sector added 300 jobs over the last year.
** S&P Dow Jones removed 15 companies from its Global Clean Energy Index in a move aimed at diversification and carbon footprint reductions. Seven of these are U.S. companies, including the prominent utility NextEra Energy Inc.
World briefs
** A Danish manufacturer announced it will try out a prototype of a nearly thousand-foot offshore wind turbine next year in what will be an inaugural demonstration for “the tallest and most powerful wind turbine in the world.”
** China coal prices hit a record high on Tuesday buoyed by a widening power crunch and cold weather despite Beijing’s efforts to bolster supply.