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Home2022

Year: 2022

Vitol Says Trading Russian Oil Will Become Harder from Mid-May
Finance

Vitol Says Trading Russian Oil Will Become Harder from Mid-May

May 10, 2022 Mariel Alumit

Commodity firms will find it much harder to buy and sell Russian oil from the middle of this month, according to the world’s biggest independent crude trader, as Europe tightens sanctions on Moscow for invading […]

No Picture
International News

Chinese power plants in Pak to shut down within days unless payments made

May 10, 2022

This revelation came at a meeting presided over by Minister for Planning and Development Ahsan Iqbal with more than 30 Chinese companies operating under the flagship multi-billion-dollar China-Pakistan Economic Corridor (CPEC) in various areas including […]

No Picture
International News

Borosil Renewables to invest Rs 1,500 crore in two years to add capacity by 2.5 times

May 10, 2022

“With these capacity augmentation, by FY25 we will be able to supply 2,600 TDP of solar panel glasses that can generate 15 GW of power and make us the largest non-Chinese-owned company in the world,” […]

No Picture
International News

Dastur Energy to set up blue hydrogen unit with Coal India

May 10, 2022

M N Dastur has an agreement with Gas Technology Institute (GTR) of the US, which has the coal-to-hydrogen technology called blue hydrogen. Kolkata:Dastur Energy, a division of consultancy major M NDastur, has given a presentation […]

Texas oil and gas has gained 16,000 jobs in the past year, new report says
Crude Oil News

Drilling for shale oil is getting more expensive at the worst possible time

May 9, 2022 Stu Turley

Inflation in the oil sector is worsening and industry executives see no reason to expect cost pressures on everything from steel pipe to frac sand to ease any time soon. The price spiral has been […]

Pump Jack - Sunset - oil and gas drilling - ENB
Crude Oil News

Big Oil spends on investors, not output, prolonging crude crunch

May 9, 2022 Stu Turley

Big Oil is raking in historic amounts of cash, but the windfall isn’t being invested in new production to help displace Russian oil and gas. Instead, executives are rewarding shareholders — setting the world up […]

Finance

Capital for oil, gas producers were extremely scarce a year ago. Today, the outlook has changed

May 9, 2022 Mariel Alumit

As recently as a year ago, sources of capital for U.S. oil and gas producers were extremely scarce and only came at a premium. Today, with oil prices mostly hovering around $100-per-barrel, the outlook is […]

Klaipeda LNG terminal receives 1st delivery of LNG for PGNiG
Crude Oil News

Klaipeda LNG terminal receives 1st delivery of LNG for PGNiG

May 9, 2022 Mariel Alumit

The Lithuanian LNG terminal Klaipeda LNG has received the first cargo of liquefied natural gas for Polish gas firm PGNiG. The LNG carrier Aristidis I brought a cargo of about 65,000 tonnes or 150,000 cubic metres of LNG to […]

ConocoPhillips’ Arctic Project Put on Ice After Court Order - Energynewsbeat.com
Crude Oil News

ConocoPhillips plans $1.1 bln investment as Norway oil sector heats up

May 9, 2022 Mariel Alumit

SANDEFJORD, Norway, May 9 (Reuters) – ConocoPhillips (COP.N) submitted on Monday a plan to develop an oil discovery in the Norwegian North Sea for 10.5 billion Norwegian crowns ($1.10 billion), the first of an expected rush of […]

G7 Leaders Pledge to Ban Imports of Russian Oil
International News

G7 Leaders Pledge to Ban Imports of Russian Oil

May 9, 2022 Mariel Alumit

Leaders of the Group of Seven most industrialized countries pledged to ban the import of Russian oil in response to President Vladimir Putin’s war in Ukraine. The heads of the leading economies made the commitment […]

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