Wednesday’s energy news headlines

** Some 64 percent of respondents in a CBS News poll believe the U.S. economy is in bad shape. Of these, 74 percent are blaming the bad economy on high prices at the pump, the news outlet reported.

** Boston Mayor Michelle Wu signed an ordinance Monday designed to divest the city from fossil fuels. The ordinance will prohibit the use of public funds from being invested in the stocks, securities or other obligations of any company that derives more than 15% of its revenue from fossil fuels.

** ProPetro Holding Corp. announced that it has entered into a settlement with the U.S. Securities and Exchange Commission, resolving the previously disclosed SEC investigation relating to the company. The company was not required to pay any monetary penalty and has no ongoing undertakings in connection with the settlement.

** Thoma-Sea Marine Constructors, LLC awarded Siemens Energy a contract to supply power, propulsion, and control systems along with Siemens Energy’s battery storage technology for two National Oceanographic and Atmosphere Administration research vessels.

** Electric vehicle maker Rivian requests Virginia agency approval to open three facilities that include a dealership and service center.

** Texas oil exploration and production marked six straight months of job gains in October, but still has 17% fewer drilling and extraction workers than before the pandemic began.

** The EPA reports carmakers made only modest gains in fuel economy over the past few years, highlighting the need for electric vehicle adoption to meet emissions reduction goals.

** New EPA data on U.S. vehicle fuel economy paints a mixed picture, showing record average efficiency in model year 2020 that’s nonetheless far short of what policymakers hope to see ahead. The annual report shows that average overall fuel economy for cars, SUVs and light trucks sold in the U.S. reached 25.4 miles per gallon (mpg) in model year 2020 in real-world conditions, a 0.5 mpg increase over 2019.

** An oil sheen spotted in the ocean near last month’s crude pipeline leak off Southern California was likely residual oil from the earlier spill, an official said Sunday.

** Residents of a Montana town sue the owners of the Colstrip power plant over coal dust that has blown off of waste piles, claiming it has harmed property and human health.

** California regulators fine Pacific Gas & Electric $7.5 million for failing to properly inspect and repair transmission lines and poles from 2009 through 2018.

World

** Westinghouse Electric Company and Energoatom, the state-owned nuclear utility of Ukraine, signed a contract in Kyiv, Ukraine, today outlining the details of their agreement to bring Westinghouse AP1000® reactors to Khmelnytskyi Nuclear Power Plant.

** Germany could resume the certification process for the Russia-led Nord Stream 2 natural gas pipeline in a few weeks, an analyst at a Moscow-based brokerage told Reuters on Monday after a call with senior executives at Gazprom.

** Enbridge Inc said Monday it was now transporting more natural gas on its Westcoast natural gas pipeline than at this time in 2020, less than a week after it shut a segment of the pipeline system due to heavy flooding in the British Columbia province.

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