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Home2022August

Month: August 2022

Oil Supermajors
Crude Oil News

Oil Supermajors Continue to Hold Back on Investment

August 9, 2022 Mariel Alumit

Oil supermajors continue to hold back on investment as mid-year guidance remains mostly firm, a new report from Fitch Solutions Country Risk & Industry Research has noted. Overall, the group will raise annual capital expenditure […]

Forecast
Crude Oil News

Forecast lower temperatures dampen US spot gas, futures prices

August 9, 2022 Mariel Alumit

A forecast break from very hot weather in the US Northeast and Midwest is expected to ease power-sector demand for natural gas through at least Aug. 13, loosening recent supply-demand tightness and weakening spot gas […]

oil and gas
Crude Oil News

Analyst: Oil To Hit $120 Again By Winter

August 9, 2022 Mariel Alumit

While oil and gas prices may continue to weaken in the near term, by the time winter sets in, the market is going to become extremely tight and the per-barrel price of oil should return […]

International News

India-made integrated solar roofing system gets Dubai authority nod

August 9, 2022 Stu Turley

Uncle’s Shop Building Material Trading, one of the oldest business establishments in Dubai by the Indian-origin Bhatia family, said the product will open doors to a new technology in the solar industry. The company was […]

International News

NGT wants action against GAIL for operating without environmental clearance

August 9, 2022 Stu Turley

The bench directed the Pollution Control Board to take necessary action against GAIL for the violation, including the assessment of environmental compensation for the already conducted violations. The Southern Bench of the National Green Tribunal […]

South America
Climate Crisis

South America’s ‘lithium fields’ reveal the dark side of our electric future

August 8, 2022 Mariel Alumit

Lithium extraction fields in South America have been captured by an aerial photographer in stunning high definition. But while the images may be breathtaking to look at, they represent the dark side of our swiftly […]

U.S. Senate
Energy Policy

U.S. Senate approves bill to fight climate change, cut drug costs in win for Biden

August 8, 2022 Mariel Alumit

WASHINGTON, Aug 7 (Reuters) – The U.S. Senate on Sunday passed a sweeping $430 billion bill intended to fight climate change, lower drug prices and raise some corporate taxes, a major victory for President Joe […]

International News

Electricity Amendment Bill: Things you should know

August 8, 2022 Stu Turley

The Electricity (Amendment) Bill 2022 which has been introduced in the Lok Sabha today, proposes radical changes in the power distribution area. Legislative changes are proposed to end distribution monopolies to give consumers a choice […]

Cuba
Crude Oil News

Cuba gets help from Mexico, Venezuela to fight oil fire

August 8, 2022 Mariel Alumit

HAVANA, Aug 7 (Reuters) – Cuba appeared to make progress on Sunday bringing under control a fire at its main oil storage facility that has killed one firefighter, drawing on help from Mexico and Venezuela […]

International News

Electricity Amendment Bill introduced in LS, referred to Standing Committee

August 8, 2022 Stu Turley

The Bill proposes radical changes in the power distribution sector, the weakest link in the electricity chain, by enabling multiple distribution licensing through more responsibilities and powers to the regulatory commissions and load dispatch centres.The […]

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