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Home2022May

Month: May 2022

Eagle LNG
Exports

Eagle LNG Taps Wärtsilä for Dual-Fuel Antigua Power Plant

May 19, 2022 Mariel Alumit

Eagle LNG Partners LLC and its partner have selected Wärtsilä Corp. to develop a power plant in the Caribbean nation of Antigua and Barbuda that would be integrated with a liquefied natural gas (LNG) terminal […]

China
Crude Oil News

China in Talks With Russia to Buy Oil for Reserves

May 19, 2022 Mariel Alumit

China is seeking to replenish its strategic crude stockpiles with cheap Russian oil, a sign Beijing is strengthening its energy ties with Moscow just as Europe works toward banning imports due to the war in […]

Centennial Resource Development
Finance

Centennial Resource Development and Colgate Energy to Combine, Creating $7.0 Billion Permian Basin Pure-Play

May 19, 2022 Mariel Alumit

DENVER and MIDLAND, Texas, May 19, 2022 (GLOBE NEWSWIRE) — Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) and Colgate Energy Partners III, LLC (“Colgate”) today announced they have entered into an agreement […]

Gas prices
Political

Gas prices reach new record high as GOP senators blame Biden for holding production back

May 19, 2022 Mariel Alumit

Average gas prices in the U.S. reached a new record high Thursday, according to AAA’s gas price calculator, after Republican senators slammed the Biden administration for a “de facto ban on new drilling.” The national average cost of a […]

Gulf Coast Express Pipeline
Finance

ArcLight Acquires $857 Million Stake in Kinder Morgan’s Gulf Coast Express Pipeline

May 19, 2022 Mariel Alumit

(P&GJ) — ArcLight Capital Partners has closed a $857 million deal to acquire Targa Resources’ wholly-owned subsidiary, which owns a 25% stake in the Gulf Coast Express Pipeline (GCX) in the Permian Basin. The 853-km (530-mile) Gulf […]

Russian Oil
Exports

Russian Oil Producers Start Using Tankers the World Did Not Want

May 19, 2022 Mariel Alumit

Russian oil producers are starting to book up an increasing number of tankers owned by the nation’s state tanker company, boosting demand for a fleet that fell from international favor after the invasion of Ukraine. […]

S&P ESG Index
Top News

Elon Musk Goes On The Attack After Tesla Cut From S&P ESG Index

May 19, 2022 Mariel Alumit

Tesla, the world’s leading maker of electric vehicles, has been cut from S&P’s ESG Index created for environmentally conscious investors owing to flaws in its business conduct and, ironically, aspects of the company’s low-carbon strategy. […]

No Picture
International News

Explainer: Why is India facing its worst power crisis in over six years?

May 19, 2022

New hybrid work models adopted since COVID-19 struck in 2020 have resulted in millions of Indians working from home, boosting residential daytime power use. The gap between power supplied and consumed has often been wider […]

No Picture
International News

Waaree Energies bags orders worth $2.37 billion for solar panels

May 19, 2022

The company currently has a 4 GW module manufacturing capacity and plans to add another 5 GW by December 2022 New Delhi:Waaree Energies, a Mumbai-basedsolar modulemanufacturer, on Thursday said it has bagged new orders worth […]

Gasoline Prices
International News

Gasoline Prices Top $6 In California, $9 In Parts Of Europe

May 18, 2022 Mariel Alumit

Gas prices in both the United States and Europe hit new highs Wednesday, with average prices per gallon in California topping $6, compared to over $9 in Norway and Denmark as Russia’s war on Ukraine […]

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