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Home2022May

Month: May 2022

No Picture
Finance

Energy chief says Canada could send gas to Europe within 3 years

May 26, 2022 Mariel Alumit

(Bloomberg) — Canada’s top energy official said Prime Minister Justin Trudeau’s government is open to accelerating a liquefied natural gas project that could start supplying Europe in as soon as three years. Natural Resources Minister […]

Global oil and gas
Exploration and Production

Rystad: Oil And Gas Investment To Rise 20% In 2022

May 26, 2022 Mariel Alumit

Rystad: Global oil and gas investment is set to rise by 20% this year. In the United States, investment in shale is set to increase by 35%. Oil frontiers like Guyana, Brazil, West-Africa and Australia are […]

Sanctions
Geopolitical

How Sanctions Have Increased Russia’s Oil And Gas Revenue

May 26, 2022 Mariel Alumit

Russia’s oil and gas revenues hit another record high despite sanctions designed to hurt the Russian economy. The removal of some Russian oil from markets only served to send oil prices higher, boosting revenues from […]

No Picture
International News

SJVN inks pact with Tata Power Solar Systems for 1,000 MW solar project in Bikaner

May 26, 2022

The contract agreement was signed in the presence of Nand Lal Sharma, Chairman and Managing Director of SJVN by Chief General Manager (ECD), SJVN S K Sood, and Vepul Jain, Chief – Business Development, Tata […]

Beneficial use of power sector combustion byproducts exceeded material disposed in 2020
EIA News

Beneficial use of power sector combustion byproducts exceeded material disposed in 2020

May 26, 2022

Combusting fuel for electricity generation creates solid byproducts, which have decreased in recent years as some fuels–especially coal, the source of nearly all of these byproducts–have been used less frequently in the United States. In […]

Russia's largest shipping
Geopolitical

Russia’s largest shipping company is selling ships to buyers in Dubai and Singapore to repay its debts to Western banks, a report says

May 26, 2022 Mariel Alumit

Sovcomflot is selling ships to buyers in Asia and the Middle East to repay loans to Western banks. Per the WSJ, the deals come ahead of a Sunday deadline for EU companies to stop business […]

USD33 million
Crude Oil News

US to spend $33 million to clean oil and gas wells on federal land

May 26, 2022 Mariel Alumit

About USD33 million of the USD1 trillion bipartisan infrastructure plan recently signed into law by President Joe Biden will go toward cleanning up 277 of an estimated 15,000 abandoned oil and gas wells on federal land, the […]

No Picture
International News

Ixachi Field Drives Mexico Natural Gas Production Growth as Oil Output Slips

May 26, 2022 Mariel Alumit

Mexico’s natural gas production averaged 4.05 Bcf/d in April, up from 3.74 Bcf/d in April 2021, according to new data from the country’s upstream regulator. State oil company Petróleos Mexicanos (Pemex) supplied 4.05 Bcf/d or […]

European Union’s REPowerEU
International News

The EU Needs More Than $1 Trillion For Plan To Ditch Russian Oil And Gas

May 26, 2022 Mariel Alumit

The EU’s ambitious plan to reduce its dependency on Russian fossil fuels is going to require at least €1 trillion in investment. In order to achieve the goals they have set out, the EU will […]

Oil's
Crude Oil News

Oil snaps inverse dollar link leaving little to check its bull run

May 26, 2022 Mariel Alumit

LONDON, May 26 (Reuters) – Oil’s bull run is taking little notice of the strong U.S. dollar, breaking crude’s historical inverse link to the greenback and giving analysts confidence it has further to go based […]

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