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Home2022August

Month: August 2022

Enterprise
Crude Oil News

On Heels of Record Earnings, Enterprise Launches Permian Natural Gas, Oil Expansions

August 4, 2022 Mariel Alumit

Enterprise Products Partners LP said Wednesday it would ramp up its infrastructure in the prolific Permian Basin to increase capacity and meet expectations of long-term demand for natural gas and other fossil fuels. The Houston-based […]

Colorado
US Energy News

Colorado sites threatened by oil and gas production

August 4, 2022 Mariel Alumit

Mesa Verde National Park and Dinosaur National Monument have long been threatened by oil and gas drilling, but researchers are hopeful COLORADO, USA — Oil and gas development is threatening some of Colorado’s best known […]

Freeport LNG
Natural Gas

Freeport LNG to restart operations in October

August 4, 2022 Mariel Alumit

U.S. liquified natural gas exporter Freeport LNG has reached an agreement with U.S. regulators on certain conditions so that it can resume initial operations in early October. On 3 August, Freeport LNG and the Pipeline […]

Crude oil
Overnight Oil Report

Crude oil futures rebound after overnight plunge to pre-Ukraine war levels

August 4, 2022 Mariel Alumit

Crude oil futures were higher in mid-morning Asian trade Aug. 4, rebounding from five-month lows after bearish US oil data and supply increases from OPEC+ sent oil prices plummeting to levels not seen since before […]

No Picture
International News

India set to turn to water for next wave of renewable energy growth

August 4, 2022

As the commercial viability of offshore RE improves in India and inland resources become scarce, experts say existing developers will look to diversify their portfolio by entering into offshoreNew Delhi: A slew ofrenewableenergy projects that […]

No Picture
International News

Climate change: Cabinet approves India’s updated nationally determined contribution

August 4, 2022

According to the updated NDC, India now stands committed to reducing emissions intensity of its GDP by 45 per cent by 2030, from 2005 level, and achieving about 50 per cent cumulative electric power installed […]

Oil Prices
Crude Oil News

Oil Prices Fall To $90, But It’s Not Enough For Biden

August 3, 2022 Mariel Alumit

Crude prices fell more than 3% on Wednesday afternoon. Biden’s special advisor Hochstein said that crude prices need to go even lower. Hochstein notes this is the 50th day that gasoline prices have gone down […]

OPEC+
Crude Oil News

OPEC+ answers Biden’s request for oil with ‘minuscule’ output hike

August 3, 2022 Mariel Alumit

(Bloomberg) — OPEC+ responded to months of diplomatic efforts from US President Joe Biden with one of the smallest oil production increases in its history. The cartel will add only 100,000 barrels a day of […]

No Picture
International News

Ranjit Rath takes over as Oil India chairman

August 3, 2022

Rath, 50, previously was chairman and managing director of Mineral Exploration Corporation Ltd (MECL) and was selected for the top job at Oil India Ltd by the government headhunter in March. New Delhi: Ranjit Rath […]

Venezuela’s
Crude Oil News

Venezuela’s Oil Exports Drop By More than A Third In July

August 3, 2022 Mariel Alumit

Venezuela’s crude oil exports fell in July, Refinitiv Eikon data showed on Tuesday, as oil markets are on the prowl for additional oil supplies to ease the tight market. Venezuela’s crude oil industry has been […]

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