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Home2022

Year: 2022

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International News

Petrol under-recovery at Rs 13, diesel Rs 24; Reliance-BP says operations unsustainable

May 23, 2022

While RBML is scaling down its retail operations to cut some of the Rs 700 crore loss it is incurring every month, Russia’s Rosneft-backed Nayara Energy has raised prices of petrol and diesel by up […]

Centennial Buying
M & A

Permian Producer Centennial Buying Colgate Energy For $2.5 Bn

May 23, 2022 Mariel Alumit

Centennial Resource Development Inc., a shale oil producer in the Permian Basin, agreed to acquire private equity-backed rival Colgate Energy in a cash-and-stock deal valued at about $2.5 billion. The deal creates “the largest pure-play […]

UK investment
Finance

Eni plans €2.5 billion in UK investment over four years

May 23, 2022 Mariel Alumit

(Bloomberg) — Eni SpA plans to spend at least 2.5 billion euros ($2.4 billion) over the next four years in the UK, amid government calls on energy companies to increase investments or face a windfall […]

Permian Drillers
Crude Oil News

Permian Drillers Lead The Charge As Rig Count Climbs

May 23, 2022 Mariel Alumit

The number of total active drilling rigs in the United States rose by 14 this week, on top of the 9 rig increase in the week prior, according to new data from Baker Hughes published […]

No Picture
International News

India to have several gigawatts of green hydrogen electrolyser capacity in 5 yrs: Rajiv Menon, Black & Veatch

May 23, 2022

He, however, adds that power generation using green hydrogen is expected to take a longer time to establish in IndiaNew Delhi: In an exclusive interview withETEnergyWorld,Rajiv Menon, country manager and managing director – India, Black […]

No Picture
International News

ONGC repairs damage Cyclone Tauktae caused to offshore installations

May 23, 2022

“ONGC overhauls damages caused by Cyclone #Tauktae in offshore installations on Arabian Sea. 100 platforms (76 unmanned, 24 process platform jackets) restored, using 1052 tons of Indigenously-sourced materials,” ONGC said in a tweet. Western offshore […]

Ian Nieboer - enverus 300-250
ENB Podcast

ESG is not just a buzz word, but an important process, we talk with Ian Nieboer, VP, Enverus on the difference.

May 22, 2022 Stu Turley

As everyone knows, ESG is critical, but many throw the term around without really understanding what it means. Ian is the Vice President of Product Management – Focused on Sustainability and ESG. Some of the […]

BlackRock told Texas it's still committed to helping clients invest in the energy industry
Exploration and Production

BlackRock Told Texas It Will Still Invest In Oil And Gas

May 22, 2022 Stu Turley

BlackRock Inc. told Texas it’s committed to helping clients invest in the energy industry, rebutting suggestions by state officials that the firm boycotts fossil-fuel companies through its advocacy for sustainable investing. The world’s largest asset […]

6 Power Generating Facilities in Texas Just Tripped
Electrical Generation / Utilities

6 Power Generating Facilities in Texas Just Tripped

May 22, 2022 Stu Turley

Six power generation facilities in Texas tripped offline last Friday, resulting in the loss of approximately 2,900 megawatts of electricity, Brad Jones, the Electric Reliability Council of Texas (ERCOT) Interim CEO, revealed in a recent […]

A draft of the commissions tax proposal takes aim at aviation - which escapes EU fuel taxes.
Energy Policy

Corporate jets to escape EU’s ‘green’ aviation fuel tax

May 22, 2022 Stu Turley

Executive jets will escape plans to tax polluting aviation fuels, according to draft proposals to be presented by the European Commission on Wednesday. The commission plans to set an EU-wide minimum tax rate for aviation fuels, as it seeks to […]

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