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Home2022

Year: 2022

Earthstone Energy
Finance

Earthstone Energy Announces Northern Delaware Basin Asset Acquisition for ~$627 Million

June 28, 2022 Mariel Alumit

Highly Accretive Expansion in Northern Delaware Basin Meaningfully Increases Scale THE WOODLANDS, Texas, June 28, 2022 /PRNewswire/ — Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) today announced that it has entered into an agreement (the “Agreement”) to acquire […]

Saudi Arabia
Crude Oil News

Oil rises 2%, extends gains as major producers flag capacity limits

June 28, 2022 Mariel Alumit

G7 agrees to explore cap on Russian oil price Macron tells Biden that UAE, Saudi can barely raise oil output Political unrest in Ecuador, Libya could further tighten supply Delayed U.S. weekly oil data to […]

Chris Atherton
ENB Podcast

ENB #60: Oil and Gas Commodities Auctions Are Booming – We talk with Chris Atherton, CEO, EnergyNet about what to expect.

June 28, 2022 Mariel Alumit

One benefit of hosting a podcast is visiting with industry experts in all facets of the energy space. Today is no exception as I sit down with Chris Atherton, CEO, EnergyNet the oil and gas […]

Overnight Oil Report

Crude oil futures extend gains on supply disruptions, lack of spare capacity

June 28, 2022 Mariel Alumit

Crude oil futures were higher in mid-morning trade in Asia June 28, extending gains for a third day as supply disruptions overshadowed fears of a global recession, while OPEC spare capacity was reported to be […]

UK’s
Carbon Capture

The UK’s largest carbon capture plant is now operational

June 28, 2022 Mariel Alumit

The U.K.’s largest capture carbon plant is now operational in Cheshire in Northwest England, the facility’s operator, Tata Chemicals Europe (TCE), announced in a press release. The first industrial-scale carbon capture facility in the U.K. was […]

INFLATION
Finance

WHAT DOES THE FED’S 75-POINT INCREASE MEAN FOR INFLATION AND ENERGY?

June 28, 2022 Mariel Alumit

The Fed’s decision to do a 75-point increase was like placing a bet in Vegas. The house always wins; in this case, the house is inflation. The Fed’s policies have been way behind the inflation […]

Recession
Finance

Oil Prices Buck Recession Trend

June 28, 2022 Mariel Alumit

As investors are increasingly concerned about recessionary risks, Brent oil prices have bucked this trend, reflecting significant supply destruction in the wake of Russia’s invasion of Ukraine, BofA Global Research outlined in a new report […]

Occidental Petroleum
Carbon Capture

HOW CAN OIL AND GAS COMPANIES LEAD THE WAY TO CARBON NET-ZERO?

June 28, 2022 Mariel Alumit

Major oil companies have taken different approaches to the 21st-century vision of searching for Carbon Net-Zero. Exxon, Chevron, Shell, BP, and TotalEnergies have all expressed that they are now “energy” companies and using their profits […]

Gulf Coast
Crude Oil News

U.S. Gulf Coast Crude Exports Are Breaking Records

June 28, 2022 Mariel Alumit

Oil exports from the US Gulf Coast are set to hit an all-time high of 3.3 million barrels per day (bpd) in the second quarter of 2022, as refining capacity outages limit operators’ ability to […]

ExxonMobil
Climate Crisis

Exxon CEO Warns That Consumers Will Pay For Hasty Energy Transition

June 28, 2022 Mariel Alumit

Exxon CEO Woods: consumers foot the bill of rushed energy transition. Exxon CEO: All new cars sold in the U.S. will be electric in 2040. Several years of low investment in supply have made energy […]

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