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Home2022June

Month: June 2022

Chevron
US Energy News

Venture Global announces LNG sales and purchase agreements with Chevron

June 22, 2022 Mariel Alumit

Venture Global announced the execution of two long-term Sales and Purchase Agreements (SPAs) for the purchase of two million tonnes per annum (2MTPA) of liquefied natural gas (LNG) for 20 years Under the agreements, Chevron U.S.A. Inc. will […]

LNG
International News

Exxon Joins The Fun As New Partner In Huge Qatari LNG Project

June 22, 2022 Mariel Alumit

U.S. energy supermajor ExxonMobil has become QatarEnergy’s third international partner in the North Field East (NFE) expansion project after TotalEnergies and Eni joined earlier this month. With this deal, Exxon committed to helping further develop […]

Saudi
International News

Saudi Firm Investing $1.5Bn In Egyptian Onshore Wind Project

June 22, 2022 Mariel Alumit

Saudi developer, investor, and operator of power generation, desalinated water, and green hydrogen plants ACWA Power has signed a project agreement to develop a 1.1GW wind project in Egypt with an investment value of $1.5 […]

refinery
US Energy News

US refining capacity falls to lowest mark in 8 years amid record prices: EIA

June 22, 2022 Mariel Alumit

The nation’s capacity to refine crude oil into fuel and other products fell below 18 million b/d at the beginning of 2022 and hit its lowest level since 2014, according to the federal government’s annual […]

n Antofagasta Plc mine in Chile
ENB Pub Note

US allocates $74.6 million to 30 states for critical minerals research, mapping

June 22, 2022 Michael Tanner

ENB Publishers Note: This is one of the most critical (pun intended) points of securing our nation’s ability to control its renewable future.  Having had the chance to work with some of the smartest economists […]

White House
Top News

Oil CEOs will visit White House for emergency meeting

June 22, 2022 Mariel Alumit

Responding to President Joe Biden’s call for an explanation of soaring petroleum prices and surging industry profits, oil and gas executives will visit the White House tomorrow for an emergency meeting with Energy Secretary Jennifer […]

Overnight Oil Report

Crude oil futures briefly plummet $4/b as recession fears resurface

June 22, 2022 Mariel Alumit

Crude oil futures were sharply lower in mid-morning trade in Asia June 22 as a brief rebound in the previous session proved short-lived, with fears of demand destruction and a global economic slowdown still gripping […]

Paradox
Geopolitical

The Paradox of a Strong Ruble

June 22, 2022 Mariel Alumit

After a precipitous fall at the beginning of the war in Ukraine and the imposition of large-scale Western sanctions, the Russian ruble has surged back over the past two and a half months. From 120 […]

EIA
Commodities

What Do You Pay for in a Gallon of Fuel?

June 22, 2022 Mariel Alumit

What exactly do you pay for when you buy fuel? Well, that depends on whether you’re purchasing regular gasoline or diesel, according to the U.S. Energy Information Administration’s (EIA) latest gasoline and diesel fuel update. […]

Biden
Energy Policy

Biden Escalates War of Words with Big Oil

June 22, 2022 Mariel Alumit

President Joe Biden reiterated his ire toward oil industry officials, verbally sparring with Chevron Corp. Chief Executive Officer Mike Wirth just days before administration officials and oil executives are set to discuss how to bring […]

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