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Home2022

Year: 2022

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”). […]

Trafigura
Finance

Trafigura sells stake in Russia’s Vostok Oil project to Hong Kong-based trader Nord Axis

July 13, 2022 Mariel Alumit

Independent commodity trader Trafigura said July 13 it has sold its 10% stake in Russia’s giant Vostok Oil venture to a privately-held, Hong Kong-based trading company Nord Axis for an undisclosed sum. Trafigura first announced […]

IEA says oil market
Commodities

IEA says oil market walking tightrope due to economic, supply risks

July 13, 2022 Mariel Alumit

The global oil market is “walking a tightrope” between scarce supply and the possibility of a recession, the International Energy Agency (IEA) said on Wednesday, with higher prices and worsening economic conditions already taking a […]

EU parliament
International News

EU parliament votes to up renewables, energy efficiency

July 13, 2022 Mariel Alumit

Brussels, 13 July (Argus) — The European Parliament’s energy committee today voted to increase the share of renewables in the bloc’s energy mix to a 45pc target and to increase energy savings, reducing usage by […]

African loan market
ESG

Balancing the ‘E’ and ‘S’ in Environment, Social and Governance (ESG) crucial to sustaining liquidity and resilience in the African loan market (By Miranda Abraham)

July 13, 2022 Mariel Alumit

Sub-Saharan Africa’s loan market had a slow start to this year but is showing resilience and is set to continue to grow, offering favourable opportunities for the region’s sovereign and corporate borrowers as well as […]

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