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Home2022June

Month: June 2022

No Picture
International News

Duty on solar modules, cells to continue; don’t want imports: Power Minister

June 10, 2022

When asked about plans of reviewing the decision to impose duty, the Minister replied: “By and large this will remain. I don’t want any Chinese imports. No plans (of reviewing the decision or modifying it).” […]

Overnight Oil Report

Crude oil futures extends gains on tight US gasoline inventories, rebounding demand

June 9, 2022 Mariel Alumit

Crude oil futures were higher during mid-morning Asian trade June 9 on the back of a rebound in demand from China and the US, with tighter gasoline inventories in the US adding to the bullish […]

LNG
Exports

U.S. Natural Gas Prices Drop After Explosion At Freeport LNG Terminal

June 9, 2022 Mariel Alumit

An explosion at a liquefied natural gas (LNG) export terminal in Texas has sent natural gas prices downward as emergency crews respond and details continue to flow in. At 11:40 a.m. CT, an explosion rocked […]

New Mexico
Climate Crisis

A New GOP Climate Plan Is Long on Fossil Fuels, Short on Specifics

June 9, 2022 Mariel Alumit

Republican members of Congress chose to hold the first public event for their new climate plan in the country’s No. 1 oil-producing county, in New Mexico, and before an audience of people who work in […]

Colorado
Exploration and Production

Colorado bans PFAS in oil- and gas-extraction products

June 9, 2022 Mariel Alumit

Colorado has become the first US state to ban per- and polyfluoroalkyl substances (PFAS) in products used in drilling for oil and gas. A measure signed by Gov. Jared Polis (D) June 3 prohibits the sale or […]

Inflation
Exploration and Production

Inflation in the Oil Patch Behind Budget Increase for Callon Petroleum

June 9, 2022 Mariel Alumit

Houston-based Callon has updated its operational capital budget to a range of $790 million to $810 million for the full year, up from previous guidance of $725 million published in February. Production guidance of 101-105,000 […]

BlackRock
Finance

BlackRock rolls out four new ESG-focused sector ETFs in Europe

June 9, 2022 Mariel Alumit

BlackRock has broadened its suite of socially responsible global sector ETFs in Europe with the addition of four new funds. Listed in US dollars on Euronext Amsterdam and SIX Swiss Exchange, the new ETFs target stocks from the materials, […]

US coal exports
US Energy News

US coal exports climb 10.1% on month in April: Census Bureau

June 9, 2022 Mariel Alumit

Monthly US thermal and metallurgical coal exports increased 10.1% from the previous month to 7.3 million mt in April, US Census Bureau data showed June 8. Metallurgical coal accounted for 52.5% of total US coal […]

Devon Energy
M & A

Devon Energy acquires Rim Rock’s leasehold interest and related assets for $865 million

June 9, 2022 Mariel Alumit

(WO) — Devon agreed to acquire the leasehold interest and related assets of RimRock Oil and Gas, a Warburg Pincus portfolio company focused in the Williston Basin, for total cash consideration of $865 million. “This […]

Australian
International News

Oil and gas sector reflect on energy security during crisis

June 9, 2022 Mariel Alumit

Australia’s oil and gas industry has given assurances they will “work constructively” with the country’s governments and give feedback on the sector’s requirements. This follows the meeting of the country’s energy ministers on Wednesday 8 […]

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