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Home2022April

Month: April 2022

International News

Shell set to acquire Pune-based renewable energy firm Sprng Energy

April 29, 2022 Mariel Alumit

The transaction is expected to close later in 2022 New Delhi: Global energy giant,Shell, on Friday said it is set to acquireSprng Energy, a Pune-basedrenewableenergy company, for $1.55 billion. According to the official press release, […]

Calcasieu Pass, the seventh U.S. liquefied natural gas export terminal, begins production
EIA News

Calcasieu Pass, the seventh U.S. liquefied natural gas export terminal, begins production

April 29, 2022

The Federal Energy Regulatory Commission (FERC) has authorized Venture Global Calcasieu Pass, LLC, (Venture Global)–the developer of the Calcasieu Pass liquefied natural gas (LNG) export terminal–to commission the first six of nine liquefaction blocks. Each […]

Activist Investors Call On Exxon To Replace Its CEO
Finance

Exxon Earnings Hurt by Russia Exit, Triples Buybacks on High Oil Prices

April 29, 2022 Mariel Alumit

(Reuters) – Exxon Mobil Corp said on Friday it doubled its first-quarter per-share profit, but the results fell short of Wall Street estimates, even excluding a $3.4 billion writedown from its withdrawal from Russia. The […]

Top News

USA Energy Dep Issues LNG Export Authorizations

April 29, 2022 Mariel Alumit

The U.S. Department of Energy (DOE) has announced that it has issued two long-term orders authorizing an additional 0.5 billion cubic feet per day of liquefied natural gas (LNG) exports from two LNG export projects […]

Finance

MPS announces contract with Arbor Renewable Gas

April 29, 2022 Mariel Alumit

Modular Plant Solutions (MPS), a global engineering firm specializing in process modularization and project implementation, announced its contract to support Arbor Renewable Gas in the construction of the first-of-its-kind modularized green gasoline plant. The Spindletop […]

Chevron 4 - EnergyNewsBeat ENB
Finance

Chevron raises Permian Basin oil production growth target to 15%

April 29, 2022 Mariel Alumit

(Bloomberg) — Chevron Corp. lifted its production target in North America’s biggest oil field in a sign that U.S. shale is responding to $100-a-barrel crude despite rising cost pressures and equipment shortages. Chevron will produce […]

Finance

Elliott seeks overhaul at Suncor in bet on Canada’s oil sands

April 29, 2022 Mariel Alumit

Hedge fund Elliott Administration has launched an activist marketing campaign towards Suncor Power, certainly one of Canada’s greatest oil producers, calling for an overhaul of firm management in a guess on the way forward for […]

US Congress authorizes new Nord Stream 2 Sanctions Pic 1
Finance

Gasoline Price Gouging Targeted in Bill

April 29, 2022 Mariel Alumit

Congressional Democrats plan to unveil legislation Thursday to beef up the Federal Trade Commission’s authority to go after gasoline price manipulation, according to a person familiar with the matter, but its chances for passage hinge […]

M & A

TotalEnergies Buys U.S. Renewables Firm Core Solar

April 29, 2022 Mariel Alumit

French oil major TotalEnergies is further expanding its presence in the U.S. renewable energy industry by acquiring Austin-based Core Solar. Core Solar has a portfolio of more than 4 GW of utility-scale solar and energy […]

Finance

Russia doubles profits from oil and gas sales to EU during war: Study

April 29, 2022 Mariel Alumit

Russia’s profits on its oil and gas sales have spiked since it invaded Ukraine, with the country raking in $66 billion despite Western sanctions crippling much of its economy. Russian exports to the European Union, worth approximately 44 […]

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