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Home2022March

Month: March 2022

International News

Guangdong Energy to buy LNG from NextDecade’s Rio Grande

March 27, 2022 Andy Del Prado

NextDecade announced in a statement the execution of binding heads of agreement (HOA) with Guangdong Energy. The deal is for the long-term supply of LNG for 20 years from NextDecade’s Rio Grande LNG. NextDecade is developing Rio Grande […]

Renewables Not Sustainable

Oil and gas firm Saipem confirms €580 million offshore wind profit hit

March 27, 2022 Andy Del Prado

Oil and gas contractor Saipem has confirmed a €580 million downgrade in profits for 2021 due to difficulties with offshore wind farms. It had previously issued a profit warning, citing delays in critical supplies and revised […]

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

By protecting oil and gas, Texas will cede its energy leadership to other states

March 27, 2022 Andy Del Prado

Climate change is a clear and present threat to Texas, our economy and our people. Addressing this threat demands responsible, pragmatic policies that require all Texans to come together. Energy is an especially important policy […]

High prices seen sticking as demand jumps amid weak supplies Energy transition’s focus on gas to impact global economy
International News

U.S. and EU seal the deal for LNG supply as Europe seeks to cut Russian energy ties

March 27, 2022 Andy Del Prado

The United States and the European Union have made substantial steps to ensure and strengthen European energy security, reduce reliance on Russian fossil fuels, and reduce Europe’s overall reliance on gas. As part of their […]

Russian Tankers Going Dark Raises Flags on Sanctions Evasion - Sanctions don't work because people buy energy at any cost
Crude Oil News

Russian Tankers Going Dark Raises Flags on Sanctions Evasion – Sanctions don’t work because people buy energy at any cost

March 27, 2022 Stu Turley

ENB Publishers Note: As we have talked about for years, spoofing and doping of oil and LNG cargos make it easier to get around sanctions. Places like California and the New England areas buy large […]

US inflation to hit a 40 year high
ENB Pub Note

Fed’s Best Hope Increasingly Looks Like a ‘Semi-Hard’ Landing -A crash is still a crash

March 27, 2022 Stu Turley

ENB Publishers Note: Great points from Bloomberg but a crash is still a crash. While it does matter whether you walk away from a plane crash, you still will get hurt. It just depends on […]

India leans toward continued import of Russian coking coal - ENB -
Coal

India leans toward continued import of Russian coking coal

March 27, 2022 Stu Turley

India is leaning toward continuing to import coking coal from Russia, the steel minister said on Sunday, seeming to buck a global trend to shun Moscow over its invasion of Ukraine. “We are moving in […]

U.S.
Commodities

Oil slumps as Shanghai shuts to curb COVID surge

March 27, 2022 Stu Turley

 Oil prices fell more than $3 in early trade on Monday on prospects of a drop in fuel demand in China after authorities in Shanghai said they would shut the country’s financial hub for a […]

LNG
Commodities

Natural Gas Rises to a Two-Month High Despite Mild Weather Following Supply Pact with Europe

March 27, 2022 Stu Turley

Benchmark natural gas rose to the highest in two months early on Friday despite a lower than expected draw on storage and mild temperatures on expectations for higher demand following a pact between the United […]

Gasoline

As gas prices rise, is Pennsylvania’s natural gas an energy solution?

March 27, 2022 Stu Turley

As the world reels from an energy crisis that is resulting in skyrocketing gas and oil prices, there is debate about solutions within the United States. Pennsylvania is the second largest producer of natural gas […]

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