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Home2022May

Month: May 2022

No Picture
Crude Oil News

Hopes for Iran deal fade just when the world needs oil most

May 12, 2022 Clark Savage

(Bloomberg) — Two months after negotiators left Vienna, expectations are fading that Iran nuclear talks will resume, leaving the world with the remains of an agreement no one’s willing to pronounce dead. A media tent […]

lukoil-russian-tanker
International News

Russia oil revenue up 50% this year despite boycott, IEA says

May 12, 2022 Clark Savage

(Bloomberg) — Russia’s oil revenues are up 50% this year even as trade restrictions following the invasion of Ukraine spurred many refiners to shun its supplies, the International Energy Agency said. Moscow earned roughly $20 […]

FERC
EIA News

Natural gas consumed by U.S. electric power sector sets January record in 2022

May 12, 2022 Clark Savage

Source: U.S. Energy Information Administration, Natural Gas Monthly In January 2022, natural gas consumed for electric power in the United States averaged 31.6 billion cubic feet per day (Bcf/d), the highest January average on record and the […]

No Picture
EIA News

Natural gas consumed by U.S. electric power sector sets January record in 2022

May 12, 2022

May 12, 2022 Source: U.S. Energy Information Administration, Natural Gas Monthly In January 2022, natural gas consumed for electric power in the United States averaged 31.6 billion cubic feet per day (Bcf/d), the […]

No Picture
International News

GAIL awards contract for large Green Hydrogen project

May 12, 2022

The project would be installed in line with the National Hydrogen Mission at GAIL’s Vijaipur Complex, in Guna District of Madhya Pradesh, and would be based on renewable power. New Delhi: State-ownednatural gasutilityGAIL(India) Ltd announced […]

No Picture
International News

IGX gets regulator’s approval for trading of domestic natural gas

May 12, 2022

The approval is in line with the petroleum ministry’s notification dated 19 August 2021 where domestic gas producers were authorised to sell up to 500 million standard cubic meters or 10 per cent of annual […]

Shell Sells Russian Retail And Lubricants Business To Lukoil
Finance

Shell Sells Russian Retail And Lubricants Business To Lukoil

May 12, 2022 Clark Savage

Shell Overseas Investments B.V. and B.V. Dordtsche Petroleum Maatschappij – subsidiaries of oil and gas supermajor Shell – have signed an agreement to sell Shell’s retail and lubricants business in Russia Shell Neft to Lukoil. […]

ConocoPhillips Investors Reject Plan for Stricter Climate Goals
Renewables Not Sustainable

Phillips 66 makes final investment decision to convert San Francisco refinery to a renewable fuels facility

May 12, 2022 Clark Savage

Phillips 66 made a final investment decision to move forward with Rodeo Renewed, the project to convert its San Francisco Refinery in Rodeo, California, into one of the world’s largest renewable fuels facilities. The project, which recently received […]

Gasoline, diesel prices rise to another record amid rampant inflation
Top News

Gasoline, diesel prices rise to another record amid rampant inflation

May 12, 2022 Clark Savage

Prices at the pump are at a record high. The national average for a gallon of gasoline hit $4.418 on Thursday, according to AAA. Retail diesel prices are also at an all-time high. Retail diesel […]

Energy deals including a merger agreement involving Oasis Petroleum are credited with helping to spark investor interest.
Finance

Big Investors Reconsider Oil and Gas Upside as Supplies Remain Tight

May 12, 2022 Stu Turley

Big investors are starting to warm to energy. For more than five years, endowments, pension funds, and other so-called institutional investors shunned the oil-and-gas industry because of big losses and concerns about climate change. Now some […]

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