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Home2022

Year: 2022

Norwegian Petroleum Directorate
International News

NPD Grants Slew of Drilling Permits

May 25, 2022 Mariel Alumit

The Norwegian Petroleum Directorate (NPD) announced a slew of drilling permits this week. On May 24, the NPD revealed that it had granted Aker BP ASA a drilling permit for well 6507/2-6, and on May […]

Saudi Arabia
Crude Oil News

Saudi Arabia Still Sees Russia As An Integral Part Of OPEC+

May 25, 2022 Mariel Alumit

Saudi Arabia’s energy minister Price Abdulaziz bin Salman has signaled support for Russia, stating that it is a vital part of the OPEC+ group of oil producers. Salman added that politics should be key out […]

Oil
Commodities

Oil edges higher on tight supply and expected demand uplift

May 25, 2022 Mariel Alumit

French minister optimistic on EU oil embargo deal U.S. Memorial Day weekend travel to be busiest in two years U.S. EIA crude and products storage data due later on Wednesday LONDON, May 25 (Reuters) – […]

No Picture
International News

India power ministry seeks 2-yr extension to emissions deadline

May 25, 2022

Indian cities have some of the world’s most polluted air. Thermal utilities, which produce 75 per cent of the country’s power, account for some 80 per cent of industrial emissions of sulphur- and nitrous-oxides, which […]

Stellantis
Commodities

Stellantis CEO warns of electric vehicle battery shortage, followed by lack of raw materials

May 25, 2022 Mariel Alumit

Carlos Tavares expects a shortage of EV batteries by 2024-2025, followed by a lack of raw materials for the vehicles by 2027-2028. The possibility of shortages has been a focus of Wall Street analysts when […]

No Picture
International News

ReNew Power moots Rs 50,000 crore investment in renewables, battery, green hydrogen units in Karnataka

May 25, 2022

ReNew Power chairman Sumant Sinha signed the MoU with Karnataka’s additional chief secretary (Industries) EV Ramana Reddy in the presence of chief minister Basavaraj Bommai, Industries Minister Murugesh Nirani and IT/BT Minister CN Ashwath Narayan […]

Kinder Morgan Permian Highway - source Kinder Morgan
LNG

Major gas pipelines face 1.3 million Dth/d of expiring contracts in Q2

May 24, 2022 Stu Turley

Major U.S. natural gas pipelines have more than 1.3 million Dth/d of firm gas transportation contracts slated to expire during the second quarter, according to an analysis of S&P Global Market Intelligence data. WBI Energy […]

BlackRock Duplicity Exposed As Real Capitalists Fight Back
Finance

BlackRock Duplicity Exposed As Real Capitalists Fight Back

May 24, 2022 Stu Turley

Efforts by brave states like Texas and West Virginia in fighting back against companies like BlackRock who demand divestment from any activity involving the extraction of fossil fuels is having an effect. The divestors are beginning to squeal […]

Russia
International News

UAE sends rare cargoes of oil toward Europe amid Russia snub

May 24, 2022 Mariel Alumit

(Bloomberg) — The United Arab Emirates has started shipping rare cargoes of oil toward Europe, where crude buyers are snubbing imports from Russia in the wake of the nation’s invasion of Ukraine. The oil tanker […]

Biden administration
Crude Oil News

Biden administration has not ruled out curbs on exports to ease fuel prices, Granholm says

May 24, 2022 Mariel Alumit

BAYOU CHOCTAW, La., May 24 (Reuters) – U.S. President Joe Biden has not ruled out using export restrictions to ease soaring domestic fuel prices, U.S. Energy Secretary Jennifer Granholm said on Tuesday. Asked if the […]

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