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Home2022July

Month: July 2022

G7
International News

G7 Presses Ahead With Russian Oil Price Cap

July 27, 2022 Mariel Alumit

G7 wants oil price cap on Russian crude installed by December 5th. December 5 is also the date that the EU’s ban on Russian seaborne crude oil imports goes into effect. A price cap on […]

EU
Energy Policy

Column: EU prepares public opinion for winter gas siege

July 27, 2022 Mariel Alumit

LONDON, July 27 (Reuters) – European Union policymakers have started to prepare the public for siege conditions this winter if gas supplies from Russia are completely cut, an effort to demonstrate diplomatic resolve as well […]

U.S LNG
Commodities

NextDecade and ExxonMobil sign 1.0 mtpa LNG deal

July 27, 2022 Mariel Alumit

U.S. LNG project developer NextDecade has signed a 20-year sale and purchase agreement (SPA) with compatriot energy major ExxonMobil for the supply of LNG from NextDecade’s Rio Grande LNG export project in Texas. On 27 […]

U.S.
Geopolitical

Why the U.S. thinks plan to force cap on Russian oil prices could actually work

July 27, 2022 Mariel Alumit

The U.S. still remains ‘a ways away’ from reaching an international agreement to impose a price cap on Russian oil exports, with limited enthusiasm from the world’s largest energy buyers India and China, so far, […]

API
Crude Oil News

Large Crude Draw Adds To Bullish Sentiment

July 27, 2022 Mariel Alumit

The American Petroleum Institute (API) reported a large draw this week for crude oil of 4.037 million barrels, while analysts predicted a draw of 1.121 million barrels. The build comes as the Department of Energy […]

Diversified Energy
M & A

Diversified Energy Announces Acquisition of Appalachian Plugging Company

July 27, 2022 Mariel Alumit

BIRMINGHAM, AL / ACCESSWIRE / July 27, 2022 / Diversified Energy Company PLC (LSE:DEC) (“Diversified” or “the Company”) announces that is has acquired the well services and plugging assets and operations of Contractor Services Inc. of […]

Crude
Overnight Oil Report

Crude oil futures stable to lower as recession fears resurface

July 27, 2022 Mariel Alumit

Crude oil futures were stable to slightly lower in mid-morning Asian trade July 27 as recession fears returned to the fore after fresh US data overnight showed weakening consumer confidence in the economy. At 10:18 […]

Electric Grid
International News

Policy uncertainty clouds future of China’s green electricity certificates

July 27, 2022 Mariel Alumit

China’s market for domestic renewable energy certificates called Green Electricity Certificates, or GECs, face growing uncertainty due to existing liquidity issues, lack of coordination with wider decarbonization and climate policies, and a rising number of […]

Guyana
Crude Oil News

Guyana Just Keeps On Giving As Exxon Makes Two More Discoveries

July 27, 2022 Mariel Alumit

U.S. supermajor ExxonMobil is continuing with its incredibly precise exploration of Guyana’s Stabroek block with two new discoveries southeast of the Liza and Payara developments. The exploration work in Guyana for Exxon appears laser-guided as […]

Argo Gold
Finance

Argo Gold remains focussed on gold while adding oil and gas to portfolio

July 27, 2022 Mariel Alumit

Argo Gold (CSE:ARQ, OTCQB:ARBTF) CEO Judy Baker joined Steve Darling from Proactive to share more details about the company and their portfolio of Projects. Bakers talk about the Gold side where they recently identified a gold […]

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