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Home2022

Year: 2022

USD33 million
Crude Oil News

US to spend $33 million to clean oil and gas wells on federal land

May 26, 2022 Mariel Alumit

About USD33 million of the USD1 trillion bipartisan infrastructure plan recently signed into law by President Joe Biden will go toward cleanning up 277 of an estimated 15,000 abandoned oil and gas wells on federal land, the […]

No Picture
International News

Ixachi Field Drives Mexico Natural Gas Production Growth as Oil Output Slips

May 26, 2022 Mariel Alumit

Mexico’s natural gas production averaged 4.05 Bcf/d in April, up from 3.74 Bcf/d in April 2021, according to new data from the country’s upstream regulator. State oil company Petróleos Mexicanos (Pemex) supplied 4.05 Bcf/d or […]

European Union’s REPowerEU
International News

The EU Needs More Than $1 Trillion For Plan To Ditch Russian Oil And Gas

May 26, 2022 Mariel Alumit

The EU’s ambitious plan to reduce its dependency on Russian fossil fuels is going to require at least €1 trillion in investment. In order to achieve the goals they have set out, the EU will […]

Oil's
Crude Oil News

Oil snaps inverse dollar link leaving little to check its bull run

May 26, 2022 Mariel Alumit

LONDON, May 26 (Reuters) – Oil’s bull run is taking little notice of the strong U.S. dollar, breaking crude’s historical inverse link to the greenback and giving analysts confidence it has further to go based […]

ENB Pub Note

Understanding Capital Asset Flows of Metals in the Energy Transition – ENB Research Team Exclusive

May 26, 2022 Michael Tanner

ENB Publishers Note: This is the first in our series of white papers the ENB Research Team will be releasing related to the energy transition and the effect it will have on society from all […]

No Picture
International News

How Vladimir Putin’s war ended Narendra Modi’s cheap natural gas dream

May 26, 2022

The cheap pricing provided just-as-artificial legs to demand. The Indian government enthusiastically declared two years ago that $66 billion in investments were lined up into everything from pipelines to city gas infrastructure and LNG regasification […]

No Picture
International News

There’s a flipside to buying Russian oil with a $35 discount

May 26, 2022

Russia is reportedly offering India a $35 discount per barrel on the pre-war price of flagship Urals grade oil. Cheap energy imports can help Prime Minister Narendra Modi put a lid on rising domestic discontent […]

No Picture
International News

Power plants may delay installing FGDs for few years more

May 26, 2022

In a recent letter written to the Ministry of Environment, Forest and Climate Change (MoEFCC), the Union power ministry has sought a two-year extension for thermal power plants to install FGDs which are equipment that […]

wind farm
Offshore

Biden administration creates federal-state offshore wind development partnership

May 25, 2022 Mariel Alumit

The US Department of Energy said June 23 that it will lead the development of a comprehensive offshore wind supply chain roadmap to help meet the Biden administration’s goal of 30 GW of offshore wind […]

Siemens
Renewables Not Sustainable

Siemens, Air Liquide form hydrogen electrolyzer JV for 3 GW/year by 2025

May 25, 2022 Mariel Alumit

Siemens Energy and Air Liquide have formed a joint venture to mass produce industrial-scale electrolyzers in Europe for hydrogen production, the companies said June 23. Production is expected to begin in the second half of […]

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