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Home2022

Year: 2022

Russia
International News

Russia Says It Will Increase Gas To Europe Under One Condition

July 10, 2022 Mariel Alumit

Russia will increase its gas supplies to Europe if a turbine necessary for Nord Stream 1 that is currently undergoing repair in Canada is returned, Reuters reported on Friday. Ukraine urged Canada on Thursday not […]

Biden - hunter and dad
Crude Oil News

Biden administration sold a million barrels of oil from US Strategic Petroleum Reserve to Chinese state-owned firm where Hunter Biden is an investor: Report

July 9, 2022 Stu Turley

The Biden administration in the United States has reportedly sold over a million barrels of oil from the Strategic Petroleum Reserve to a Chinese state-owned company that had received a $1.7 billion investment from BHR Partners, one […]

Gas Turbine for Nordstream 1
International News

Canada to return Nord Stream 1 turbine to Germany in blow to Ukraine

July 9, 2022 Stu Turley

Russia’s Gazprom cut capacity along the Nord Stream 1 pipeline to just 40% of usual levels last month, citing the delayed return of a turbine being serviced by Germany’s Siemens Energy, in Canada. A decision to return […]

FERC
US Energy News

FERC OK of Tennessee Gas plan keeps hands-off approach on certified gas

July 9, 2022 Mariel Alumit

The US Federal Energy Regulatory Commission’s order approving a novel certified gas pooling service proposal pitched by Tennessee Gas Pipeline underscored the commission’s approach of steering clear of sanctioning terms for the emerging market for […]

Rystad Energy - EnergyNewsBeat
Energy Transition

Super-sized offshore wind installations could suffer bottlenecks from 2024 as vessels remain lightweight

July 9, 2022 Stu Turley

Offshore wind turbines are growing in size as technology advances and demand for renewable energy soars but installing them could be a headache for operators as demand will outpace the supply of capable vessels by […]

Offshore

The race to roll out ‘super-sized’ wind turbines is on

July 9, 2022 Stu Turley

In the not too distant future, waters 15 miles off Martha’s Vineyard will be home to a potentially crucial part of America’s energy future: the 800-megawatt Vineyard Wind 1, a project that’s been described as […]

Enbridge
Crude Oil News

Michigan commission calls Enbridge Line 5 tunnel application deficient, requests more evidence

July 9, 2022 Mariel Alumit

Enbridge’s proposed tunnel project to extend the lifetime of its Line 5 propane, crude oil and fuels system is facing new potential delays after the Michigan Public Service Commission ordered the reopening of the application […]

OPEC+
International News

OPEC+ Is Still 2.5 Million Bpd Below Its Production Target

July 9, 2022 Mariel Alumit

OPEC+ pumped more than 2.5 million barrels per day (bpd) below its target in June, despite a rebound in Russia’s oil production that helped the group’s output rise by 730,000 bpd from May, according to […]

Shell
Crude Oil News

Shell adds $1 billion in refining profits from record fuel prices

July 9, 2022 Mariel Alumit

(Bloomberg) — Shell Plc said soaring margins from fuel production may have added more than $1 billion to the earnings of its refining business last quarter, when gasoline prices broke records in several countries. The […]

WHAT DOES THE WORST STOCK SELLOFF IN HALF A CENTURY MEAN TO THE ENERGY MARKETS?
Commodities

What does the worst stock selloff in half a century mean to the energy markets?

July 8, 2022 Stu Turley

As I sit down on this July 4th holiday weekend, it is a time to reflect on what a great country we live in. We take things for granted like the freedom to travel, and […]

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