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Home2022February

Month: February 2022

The concept of the Golden Triangle of the effects of world oil production: Saudi Arabia, Russia and the USA
Commodities

We have a world oil supply problem and Saudi Arabia, Russia, United States, and Europe have conflicting solutions with devastating results.

February 28, 2022 Stu Turley

Ok, being an oilman all of my life, I have never seen a pricing matrix mess like the one the world is facing now. OPEC had lost its iron fist control over pricing, and only […]

PDC Energy to buy Great Western Petroleum in a cash-and-stock deal valued at $1.3 billion
M & A

PDC Energy to buy Great Western Petroleum in a cash-and-stock deal valued at $1.3 billion

February 28, 2022 Mariel Alumit

PDC Energy Inc. PDCE, 15.55% announced Monday an agreement to buy Great Western Petroleum LLC, a Denver-Julesburg Basin operator, in a cash-and-stock deal valued at $1.3 billion. Oil and gas producer PDC said the acquisition will be […]

Chevron to buy biodiesel producer REG in USD-3.15bn deal
M & A

Chevron to buy biodiesel producer REG in USD-3.15bn deal

February 28, 2022 Mariel Alumit

February 28 (Renewables Now) – US oil giant Chevron Corp (NYSE:CVX) has struck a USD-3.15-billion (EUR 2.8bn) deal to take over Renewable Energy Group Inc (NASDAQ:REGI) in pursuit of its objective to grow renewable fuels […]

BP quits Russia in up to $25 billion hit after Ukraine invasion
Finance

BP quits Russia in up to $25 billion hit after Ukraine invasion

February 28, 2022 Mariel Alumit

LONDON, Feb 27 (Reuters) – BP is abandoning its stake in Russian oil giant Rosneft in an abrupt and costly end to three decades of operating in the energy-rich country, marking the most significant move […]

Germany's E.ON rejects halting Nord Stream 1 pipeline - paper
International News

Germany’s E.ON rejects halting Nord Stream 1 pipeline – paper

February 28, 2022 Mariel Alumit

BERLIN, Feb 28 (Reuters) – E.ON (EONGn.DE), Europe’s largest operator of energy networks, rejected demands to shut down the Nord Stream 1 gas pipeline as part of sanctions against Russia for invading Ukraine, the company told […]

Citigroup says total Russian exposure nearly $10 billion
Finance

Citigroup says total Russian exposure nearly $10 billion

February 28, 2022 Mariel Alumit

Feb 28 (Reuters) – Citigroup Inc’s(C.N)total exposure to Russia amounts to nearly $10 billion, the bank said on Monday, higher than previously communicated, following questions over whether it will have to set aside funds to […]

Stocks fall, ruble dives as Russia sanctions hit world markets
Finance

Stocks fall, ruble dives as Russia sanctions hit world markets

February 28, 2022 Mariel Alumit

NEW YORK/LONDON, Feb 28 (Reuters) – The Russian ruble hit record lows on Monday while world stocks slid and oil prices jumped after the West ramped up sanctions against Moscow over its invasion of Ukraine, […]

Poland, Lithuania speed up gas link amid Russia supply worries
International News

Poland, Lithuania speed up gas link amid Russia supply worries

February 28, 2022 Mariel Alumit

VILNIUS/WARSAW, Feb 28 (Reuters) – A natural gas pipeline called GIPL linking Poland and Lithuania will open on May 1, earlier than the scheduled mid-2022 start, linking the Polish grid with a route to a […]

EIA adds new forecasts of renewable diesel and other biofuels to Short-Term Energy Outlook
EIA News

EIA adds new forecasts of renewable diesel and other biofuels to Short-Term Energy Outlook

February 28, 2022

In our February Short-Term Energy Outlook (STEO), we introduced new forecasts of U.S. production, consumption, and the net of imports less exports of biodiesel, renewable diesel, and other biofuels in the United States. This new […]

No Picture
EIA News

EIA adds new forecasts of renewable diesel and other biofuels to Short-Term Energy Outlook

February 28, 2022

February 28, 2022 Source: U.S. Energy Information Administration, Short-Term Energy Outlook (STEO) February 2022 In our February Short-Term Energy Outlook (STEO), we introduced new forecasts of U.S. production, consumption, and the net of […]

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