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Home2022July

Month: July 2022

Oilfield services
Crude Oil News

High Oil Prices Spark A New Wave Of Exploration

July 27, 2022 Mariel Alumit

Oil companies are reaping the benefits of high energy prices. Indebted American oil and gas companies, armed with improved balance sheets, are finally drilling again. Oilfield services companies are among the biggest winners as demand […]

No Picture
International News

123 GW of solar capacity either commissioned or in pipeline: Govt

July 27, 2022

Minister of State for New and Renewable Energy Bhagwanth Khuba in a written reply to the Rajya Sabha stated that a solar energy capacity of 123.11 GW has either been commissioned or is in the […]

No Picture
International News

IEX power trade volume rises 10 per cent to 23 billion units in Q1

July 27, 2022

“During the quarter (April-June 2022), electricity volumes on the exchange grew by 10 per cent YoY (year on year) with 23.4 BU volumes traded versus 21.3 BU in Q1 FY’22 ,” an IEX statement said. […]

No Picture
International News

ONGC inks MoU with Greenko to manufacture green hydrogen

July 27, 2022

The MoU, valid for two years, was inked in New Delhi by ONGC Director Onshore Anurag Sharma and Greenko CEO and Managing Director Anil Kumar Chalamalasetty. State-ownedOil and Natural Gas Corporation Limited(ONGC) on Tuesday signed […]

Crude
Crude Oil News

Analysis: U.S. crude oil exports reduce costs for Americans

July 26, 2022 Mariel Alumit

WASHINGTON – The American Petroleum Institute (API) and the American Exploration and Production Council (AXPC) today released new analysis demonstrating the significant and growing economic benefits of America’s abundant crude oil resources for both domestic use and […]

Opposition
International News

‘It’s a total mess’: Opposition mounts against the EU’s 15% gas reduction plan

July 26, 2022 Mariel Alumit

Opposition is growing against the European Commission’s proposed plan to voluntarily reduce gas consumption by 15% from now until next spring, with Southern countries leading the charge. National ministers are set to meet tomorrow in […]

Europe
Geopolitical

Europe’s Natural Gas Outlook

July 26, 2022 Mariel Alumit

This month, energy prices in Europe have soared due largely to record-high prices for natural gas. Though gas prices have been steadily rising since spring, significant increases across Europe began only in mid-August, after Russia’s […]

EU’s
Exports

EU’s shift from Russian supplies accelerates gas discoveries in Cyprus

July 26, 2022 Mariel Alumit

(Bloomberg) — The European Union’s drive to slash reliance on Russian natural gas is boosting the strategic importance of finds in Cyprus, the country’s energy minister said. “Europe is a good potential customer for Cypriot […]

OPEC+
International News

OPEC+ Is Now 2.84 Million Bpd Below Its Oil Production Target

July 26, 2022 Mariel Alumit

The OPEC+ group had a massive shortfall of 2.84 million barrels per day (bpd) in June between actual production and the target oil output level as part of the deal, two delegates at the alliance […]

Norwegian
International News

New JV to establish LNG bunkering hub in Suez Canal by 2025

July 26, 2022 Mariel Alumit

Norwegian small-scale LNG sea transport and bunkering vessels developer Kanfer Shipping has joined forces with Egyptian Natural Gas Holding Company (EGAS) and Leth Suez Transit (LETH) to establish a strategic LNG bunkering hub in the Suez […]

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