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Year: 2022

Transitional Energy - ENB
Exploration and Production

Transitional Energy Successfully Produces Geothermal Energy at Oil and Gas Well

May 19, 2022 Stu Turley

Denver, Colo. (May 19, 2022) – Transitional Energy — a majority women-owned, Indigenous-led geothermal technology and development company that turns oil and gas waste streams into renewable energy — today announced it has successfully generated […]

No Picture
International News

Assam Police alerts Oil India, ONGC of possible militant attack

May 19, 2022

A senior official at the Assam Police told PTI that a telephonic advisory was issued to the officials of Oil India on possible strikes, including kidnapping of officials, on its installations by the ULFA(I).Guwahati: TheAssam […]

Blackouts are on the horizon this summer
Coal

EIA expects solar and wind to be larger sources of U.S. electricity generation this summer – But will still see $9 nat gas

May 19, 2022 Mariel Alumit

In our Summer Electricity Outlook, a supplement to our May 2022 Short-Term Energy Outlook, we expect the largest increases in U.S. electric power sector generation this summer will come from renewable energy sources. These increases […]

USA Oil and Gas
Industry Insights

USA Oil and Gas Employment Set to Rebound

May 19, 2022 Mariel Alumit

Employment in the U.S. oil and gas industry is set to rebound in the coming years and surpass pre-Covid levels, according to new research by Rystad Energy. The company noted that the total number of […]

Eagle LNG
Exports

Eagle LNG Taps Wärtsilä for Dual-Fuel Antigua Power Plant

May 19, 2022 Mariel Alumit

Eagle LNG Partners LLC and its partner have selected Wärtsilä Corp. to develop a power plant in the Caribbean nation of Antigua and Barbuda that would be integrated with a liquefied natural gas (LNG) terminal […]

China
Crude Oil News

China in Talks With Russia to Buy Oil for Reserves

May 19, 2022 Mariel Alumit

China is seeking to replenish its strategic crude stockpiles with cheap Russian oil, a sign Beijing is strengthening its energy ties with Moscow just as Europe works toward banning imports due to the war in […]

Centennial Resource Development
Finance

Centennial Resource Development and Colgate Energy to Combine, Creating $7.0 Billion Permian Basin Pure-Play

May 19, 2022 Mariel Alumit

DENVER and MIDLAND, Texas, May 19, 2022 (GLOBE NEWSWIRE) — Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) and Colgate Energy Partners III, LLC (“Colgate”) today announced they have entered into an agreement […]

Gas prices
Political

Gas prices reach new record high as GOP senators blame Biden for holding production back

May 19, 2022 Mariel Alumit

Average gas prices in the U.S. reached a new record high Thursday, according to AAA’s gas price calculator, after Republican senators slammed the Biden administration for a “de facto ban on new drilling.” The national average cost of a […]

Gulf Coast Express Pipeline
Finance

ArcLight Acquires $857 Million Stake in Kinder Morgan’s Gulf Coast Express Pipeline

May 19, 2022 Mariel Alumit

(P&GJ) — ArcLight Capital Partners has closed a $857 million deal to acquire Targa Resources’ wholly-owned subsidiary, which owns a 25% stake in the Gulf Coast Express Pipeline (GCX) in the Permian Basin. The 853-km (530-mile) Gulf […]

Russian Oil
Exports

Russian Oil Producers Start Using Tankers the World Did Not Want

May 19, 2022 Mariel Alumit

Russian oil producers are starting to book up an increasing number of tankers owned by the nation’s state tanker company, boosting demand for a fleet that fell from international favor after the invasion of Ukraine. […]

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