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Home2022June

Month: June 2022

France’s Chinon nuclear power complex, where a reactor was shut down because of cracks in the cooling system.Credit...Stephane Mahe/Reuters
Electrical Generation / Utilities

French Nuclear Power Crisis Frustrates Europe’s Push to Quit Russian Energy

June 20, 2022 Stu Turley

Plumes of steam towered above two reactors recently at the Chinon nuclear power plant in the heart of France’s verdant Loire Valley. But the skies above a third reactor there were unusually clear — its […]

Massive Oil Refining Capacity Idle in China as Prices Soar
Downstream

Massive Oil Refining Capacity Idle in China as Prices Soar

June 20, 2022 Stu Turley

Around a third of the nation’s fuel processing is out of action Beijing tightly controls industry via a strict quota system   As gasoline prices soar and the US considers invoking Cold War-era laws to boost production, […]

Saudi
International News

SAUDI DATA: April crude oil exports rise to 23-month high, but inventories build

June 20, 2022 Mariel Alumit

Saudi Arabia’s crude exports continued to rise in April, hitting their highest level in 23 months, according to the latest figures from the Joint Organizations Data Initiative, but the country still put barrels into storage […]

Gas Tax
Top News

White House Considers Lifting Gas Tax To Lower Prices

June 20, 2022 Mariel Alumit

Energy Secretary Jennifer Granholm has said that the White House is considering all tools to lower the price of gasoline. The Biden Administration’s main priority is increasing supply, aware that a gas tax would hurt […]

M & A

Sources: Tug Hill Explores Sale of Natural Gas Producer THQ Appalachia, Pipeline Firm XcL Midstream

June 20, 2022 Mariel Alumit

(Reuters) — The owners of THQ Appalachia I LLC are exploring a sale of the U.S. natural gas producer that could value it at more than $5 billion, including debt, sources told Reuters on Friday. Potential bidders […]

China
ENB Pub Note

BREAKING: Run on the Banks in China – Long Lines in Henan, Shanghai, and Dandong

June 20, 2022 Mariel Alumit

People are reportedly lining up for hours in China to obtain money from their bank accounts in China.  The large cities of Henan, Shanghai, and Dandong are three cities where the lines are long. After […]

US gas price
International News

Average US gas price dips below $5 a gallon

June 20, 2022 Mariel Alumit

New York (CNN Business)US drivers got a slight — very slight — break on prices this weekend as the AAA average for a gallon of unleaded gas fell below the $5 mark. The average price […]

Occidental
Carbon Capture

Occidental CEO: CO2 a realistic, reliable tool to achieve net-zero

June 20, 2022 Mariel Alumit

Any relationship, whether personal or professional, is only as strong and stable as the communication between its parties. If you ask Vicki Hollub, president and CEO of Occidental Petroleum, that is especially true for the […]

Chevron
Renewables Not Sustainable

Chevron Eyes $2.5B Investments in Low-Carbon Hydrogen

June 20, 2022 Mariel Alumit

Chevron Corp. plans to spend about $2.5 billion building up its hydrogen business this decade as the oil major accelerates investment in low-carbon technologies. Chevron will develop both green and blue hydrogen, said Austin Knight, […]

Double Eagle Energy
Finance

EnCap Investments, L.P. and Double Eagle Energy Announce Formation of Double Eagle Energy Holdings IV with Over $1.7 Billion of Equity Committed

June 20, 2022 Mariel Alumit

HOUSTON & FORT WORTH, Texas–(BUSINESS WIRE)–EnCap Investments L.P.(“EnCap”) and the team behind the Double Eagle family of companies (“Double Eagle”) announced today that they have entered into a strategic partnership to form Double Eagle Energy […]

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