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Home2022July

Month: July 2022

Geopolitical

Russia and Saudi Arabia discuss continued cooperation with OPEC+

July 23, 2022 Stu Turley

Russia’s President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed continued cooperation within OPEC+ in a phone call on Thursday, according to a statement from the Kremlin. “It was emphasized that a further […]

Exxon
Earnings

Big Oil set to open cash taps with another record quarter

July 23, 2022 Mariel Alumit

Top Western energy companies are expected to unleash billions in returns to shareholders when they announce what is set be a second-straight quarter of record-breaking profits, lifted by stellar refining margins and high oil and […]

Mexico
Energy Policy

Mexico denies energy policies unfair after Canada joins U.S. demand

July 23, 2022 Mariel Alumit

MEXICO CITY, July 21 (Reuters) – Mexican President Andres Manuel Lopez Obrador on Thursday denied his energy policies breached a regional trade agreement after Canada challenged them, and said that he had reached agreement with […]

No Picture
International News

States get a new green power mandate

July 23, 2022

The renewable purchase obligation (RPO) specified by the union power ministry for the last three financial years was 17.5 per cent in FY20, 19 per cent in FY21, and 21 per cent in FY22. However, […]

No Picture
International News

India’s Reliance Industries profit surges, powered by oil business

July 23, 2022

The Mukesh Ambani-led conglomerate said consolidated profit rose to 179.55 billion rupees ($2.25 billion) in the three months ended June 30 compared with 122.73 billion rupees a year earlier.BENGALURU: India’sReliance IndustriesLtd on Friday reported a […]

UK
Geopolitical

UK lawmakers warn of ‘disorderly’ transition to net-zero goals

July 22, 2022 Mariel Alumit

(Bloomberg) — The British government needs to publish detailed plans on decarbonizing the economy if it wants to prevent a “disorderly” transition to net-zero emissions by 2050, members of Parliament’s upper chamber said Thursday. Specific […]

European
Finance

First European Central Bank Rate Hike in Eleven Years

July 22, 2022 Mariel Alumit

The European Central Bank announced an historical rate hike Thursday. Interest rates in the Eurozone rose by 50 basis points after the body had pursued a zero-interest policy for six years and last hiked rates eleven years […]

Sociologist
Climate Crisis

Newly found weather records show 1930’s as being far worse than the present for extreme weather

July 22, 2022 Mariel Alumit

Sure is hot out! And what better time for a paper to appear in the Journal of Applied Meteorology and Climatology describing the construction of the “all-time” records for various types of weather extremes for each of […]

No Picture
International News

OPINION: India’s Green Hydrogen ambition – Challenges and way forward

July 22, 2022

The goal of decarbonization of industries by replacing the use of grey hydrogen with green hydrogen will require a great amount of support from the Government as the sector is in its nascent stage of […]

Shell
Exploration and Production

Shell to divest US Gulf of Mexico oil and gas assets to raise $1.5bn

July 22, 2022 Mariel Alumit

Shell is planning to divest its stakes in two oil and gas development projects located in the US Gulf of Mexico for as much as $1.5bn, Reuters reported, citing people familiar with the development. The firm is […]

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