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Home2022

Year: 2022

Electric Reliability
Top News

Why the power industry is jittery about the US electric grid this summer

May 16, 2022 Mariel Alumit

Summer is always a jittery time for the power industry — the electric grid doesn’t like extreme heat. It likes hurricanes even less. But nervousness appears to be running higher than usual — and for […]

Germany to Stop Russian Oil Imports
Geopolitical

Germany to Stop Russian Oil Imports

May 16, 2022 Mariel Alumit

Germany plans to stop importing Russian oil by the end of the year even if the European Union fails to agree on an EU-wide ban in its next set of sanctions, government officials said. Efforts […]

total-uk-north-sea
Exploration and Production

UK North Sea eyes chance of revival in energy crisis

May 16, 2022 Mariel Alumit

(Bloomberg) — Six months ago, U.K. North Sea oil and gas faced the bleakest outlook in its 50-year history. The government was focused on hosting the COP 26 climate talks and environmental groups were close […]

Wood Mackenzie: long-term LNG contracts gain momentum
Exports

Wood Mackenzie: long-term LNG contracts gain momentum

May 16, 2022 Mariel Alumit

Demand for long-term LNG contracts continues to gain momentum this year as large volumes have been signed and prices for oil-linked deals under negotiation are rising, according to a recently published LNG contract trends report […]

Natural gas production in the Bakken region grew while crude oil fell in 2021
EIA News

Natural gas production in the Bakken region grew while crude oil fell in 2021

May 16, 2022

Annual natural gas production (measured as gross withdrawals) in North Dakota’s Bakken region increased by 9% in 2021, even as the region’s crude oil production declined by 6%, according to our Drilling Productivity Report.May 16, […]

uctions Devastating To Americans, NOIA Says
Exploration and Production

No Offshore Oil Auctions Devastating To Americans, NOIA Says

May 16, 2022 Mariel Alumit

National Ocean Industries Association President Erik Milito has issued a response to the Interior Department’s decision not to move forward with planned Gulf of Mexico and Alaska oil and gas lease sales. Last week, the […]

Grey Rock Investment Partners - ENB
M & A

Grey Rock Investment Partners and Executive Network Partnering Corporation Announce Business Combination to Form Publicly Traded Granite Ridge Resources

May 16, 2022 Mariel Alumit

Formation of Granite Ridge creates a scaled, non-operated oil and gas exploration and production company with an unlevered balance sheet and immediate free cash flow generation Assets include a diversified portfolio of production and top-tier […]

Diamondback purchase QEP
Finance

Diamondback Energy, Inc. Announces Agreement to Acquire Publicly Held Units of Rattler Midstream LP

May 16, 2022 Mariel Alumit

MIDLAND, Texas, May 16, 2022 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback”) and Rattler Midstream LP (NASDAQ: RTLR) (“Rattler”) today announced that, on May 15, 2022, they entered into a definitive agreement for […]

Poland's PGNiG Secures LNG Supply From U.S. Firm Sempra
Crude Oil News

Poland’s PGNiG Secures LNG Supply From U.S. Firm Sempra

May 16, 2022 Mariel Alumit

(Reuters) -U.S. energy firm Sempra Energy said on Monday it would sell three million tonnes of liquefied natural gas (LNG) each year to Poland’s PGNiG, in another sign of rising interest in U.S. supply following […]

No Offshore Oil Auctions Devastating To Americans, NOIA Says
Offshore

No Offshore Oil Auctions Devastating To Americans, NOIA Says

May 16, 2022 Mariel Alumit

National Ocean Industries Association President Erik Milito has issued a response to the Interior Department’s decision not to move forward with planned Gulf of Mexico and Alaska oil and gas lease sales. Last week, the […]

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