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Home2022

Year: 2022

No Picture
International News

India’s Reliance Industries profit surges, powered by oil business

July 23, 2022

The Mukesh Ambani-led conglomerate said consolidated profit rose to 179.55 billion rupees ($2.25 billion) in the three months ended June 30 compared with 122.73 billion rupees a year earlier.BENGALURU: India’sReliance IndustriesLtd on Friday reported a […]

UK
Geopolitical

UK lawmakers warn of ‘disorderly’ transition to net-zero goals

July 22, 2022 Mariel Alumit

(Bloomberg) — The British government needs to publish detailed plans on decarbonizing the economy if it wants to prevent a “disorderly” transition to net-zero emissions by 2050, members of Parliament’s upper chamber said Thursday. Specific […]

European
Finance

First European Central Bank Rate Hike in Eleven Years

July 22, 2022 Mariel Alumit

The European Central Bank announced an historical rate hike Thursday. Interest rates in the Eurozone rose by 50 basis points after the body had pursued a zero-interest policy for six years and last hiked rates eleven years […]

Sociologist
Climate Crisis

Newly found weather records show 1930’s as being far worse than the present for extreme weather

July 22, 2022 Mariel Alumit

Sure is hot out! And what better time for a paper to appear in the Journal of Applied Meteorology and Climatology describing the construction of the “all-time” records for various types of weather extremes for each of […]

No Picture
International News

OPINION: India’s Green Hydrogen ambition – Challenges and way forward

July 22, 2022

The goal of decarbonization of industries by replacing the use of grey hydrogen with green hydrogen will require a great amount of support from the Government as the sector is in its nascent stage of […]

Shell
Exploration and Production

Shell to divest US Gulf of Mexico oil and gas assets to raise $1.5bn

July 22, 2022 Mariel Alumit

Shell is planning to divest its stakes in two oil and gas development projects located in the US Gulf of Mexico for as much as $1.5bn, Reuters reported, citing people familiar with the development. The firm is […]

Baker Hughes
Exploration and Production

Baker Hughes Predicts Big Growth Coming in NatGas, LNG

July 22, 2022 Mariel Alumit

Baker Hughes, one of the biggest oilfield services companies on the planet, issued its second quarter earnings update yesterday. The company reported a net loss of $839 million during 2Q, but more than half that […]

Protests
Exports

Protests Halt Cargo Movement at Port of Oakland

July 22, 2022 Mariel Alumit

Protesting truckers stopped traffic on Wednesday at a Northern California port, one of the busiest in the United States, as they demonstrated against a new state labor law that makes it harder for independent truckers […]

BlackRock
ESG

BlackRock, The King Of ESG, Lost $1.7 Trillion Of Clients’ Money In Just 6 Months

July 22, 2022 Mariel Alumit

BlackRock Inc., known for pushing woke activism in investing, has lost $1.7 trillion of its clients’ money in the last sixth months, Bloomberg reported Wednesday. The massive sum is the largest amount of money lost by an […]

California
Climate Crisis

Oil and Gas Fuel Our Comfortable Lifestyle but are Under Attack

July 22, 2022 Mariel Alumit

California is rich in natural resources which once powered the state: natural gas deposits in the Monterey Shale formation; geothermal energy, abundant rivers and waterways such as the San Joaquin River Delta and hydroelectric dams; […]

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