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Home2022July

Month: July 2022

Finance

Stocks Dip, US Futures Pare Gain Amid Firm Dollar: Markets Wrap

July 14, 2022 Stu Turley

Stocks fell in Asia on Friday as the dollar held a surge that underscores concerns about a global economic slowdown as monetary policy tightens to tackle inflation. MSCI Inc.’s Asian share gauge dropped for a […]

Transmission lines in Palo Pinto - Texas - Bloomberg
Electrical Generation / Utilities

Texas Confident Stressed Grid Will Hold Up Amid Summer Heat

July 14, 2022 Stu Turley

The head of the Texas power grid remains confident the system will avoid widespread blackouts this summer despite searing heat that’s already pushed it to the brink. While temperatures have been higher than expected, Electric Reliability […]

The African renewable energy sector is booming and Chinese companies can benefit from that.
Renewables Not Sustainable

U.S. commits $56M in new funding for domestic solar manufacturing

July 14, 2022 Stu Turley

First Solar (NASDAQ:FSLR) led solar stocks (NYSEARCA:TAN) higher Thursday after the Biden administration said it would contribute $56M to programs aimed at boosting U.S. manufacturing of solar energy products, Reuters reports. While most solar names finished slightly […]

Exxon - Energy News Beat
ESG

Exxon nemesis Engine No. 1 now working with oil firms to cut emissions – WSJ

July 14, 2022 Stu Turley

Three of the largest U.S. oil companies – ConocoPhillips (NYSE:COP), Devon Energy (NYSE:DVN) and Pioneer Natural Resources (NYSE:PXD) – said Thursday they have joined a United Nations-backed group working to curb greenhouse gas emissions. The Oil […]

BLM
Crude Oil News

Heavy crude discount narrows marginally

July 14, 2022 Stu Turley

The discount on Canadian heavy crude versus the West Texas Intermediate (WTI) benchmark edged tighter on Thursday: * Western Canada Select (WCS) heavy blend crude for August delivery in Hardisty, Alberta, settled at $21.60 a […]

No Picture
International News

Torrent Power gets Rs 2600-cr wind energy project from SECI

July 14, 2022

The company in a BSE filing said, “SECI has granted a Letter of Award to the company for 300 MW wind project and confirming long-term power purchase arrangement (PPA) for the power generated from the […]

No Picture
International News

E-reverse auctions for wind projects to go: MNRE secretary

July 14, 2022

“An in-principle decision has been taken. There were complaints from the industry that e-reverse auctions is leading to the tariffs being artificially lowered leading to unhealthy competition,” he said at a CII conference on India@2030 […]

No Picture
International News

TP Saurya bags 600-MW wind solar hybrid project in Karnataka

July 14, 2022

“TP Saurya Ltd (TPSL), a wholly-owned subsidiary of Tata Power, received the ‘Letter of Award’ (LoA) from Solar Energy Corporation of India (SECI) for setting up a 600 MW hybrid (wind and solar) power project […]

Gazprom
Geopolitical

Gazprom says no guarantee Nord Stream pipeline will work

July 13, 2022 Mariel Alumit

Russian energy giant Gazprom said Wednesday it could not guarantee the good functioning of Nord Stream and did not know if a “critical” turbine engine would be returned from repair in Canada. Gazprom started 10 days […]

Fundare Resources
Finance

Fundare Resources Closes Acquisition of Green River Basin Asset

July 13, 2022 Mariel Alumit

DENVER–(BUSINESS WIRE)–Fundare Resources Company, LLC (“Fundare” or the “Company”) announced today that it has completed an acquisition of oil and gas assets in the Green River Basin of Wyoming from HRM Resources III, LLC (“HRM”). […]

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