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Home2022August

Month: August 2022

Occidental Petroleum
Earnings

Occidental Petroleum Bucks Oil Profit Trend With Lower Q2 Profit

August 3, 2022 Mariel Alumit

Occidental Petroleum reported a net profit of $3.6 billion for the second quarter of the year, down from $4.7 billion for the first quarter, boasting the highest quarterly free cash flow. The adjusted income attributable […]

solar market
Renewables Not Sustainable

US Community Solar Sector To Grow 7 GWdc By 2027

August 3, 2022 Mariel Alumit

The US community solar market will continue to grow over the next five years, with at least 7 gigawatts direct current (GWdc) of community solar expected to come online in existing markets between 2022-2027, Woodmac […]

OPEC
Crude Oil News

OPEC+ ratifies 100,000 b/d crude oil production quota hike for Sep: delegates

August 3, 2022 Mariel Alumit

OPEC and its allies will implement a modest 100,000 b/d rise in crude production quotas for September, in a slight nod to US President Joe Biden and other leaders that had pressed the group for […]

No Picture
International News

Adani and RIL plan biogas foray, each to invest Rs 600 cr

August 3, 2022

“Adani and RIL are both planning to enter the segment with multiple plants,” a senior executive at an oil marketing company said. ANIL and RIL did not respond to ET’s email seeking comment. Gautam Adani-ledAdani […]

No Picture
International News

Indian Oil to give Rs 50 crore for Cheetah reintroduction project

August 3, 2022

“Indian Oil will be contributing Rs 50.22 crore in 4 years for the project components viz. cheetah introduction, its habitat management and protection, eco development, staff training and veterinary healthcare,” the ministry said in a […]

Crude
Crude Oil News

Crude oil futures extend losses after overnight tumble on demand concerns

August 2, 2022 Mariel Alumit

Crude oil futures extended losses in midmorning Asian trade Aug. 2 after heavy losses in the overnight session, as fresh data continued to show weakening economic activity in the world’s largest economies while US producers […]

Bangladesh
Climate Crisis

Global Gas Crunch Leaves Bangladesh Facing Blackouts Until 2026

August 2, 2022 Mariel Alumit

(Bloomberg) — Bangladesh faces another three years of rolling power cuts as the developing nation struggles to secure long-term supplies of natural gas and is priced out of spot markets. The South Asian country stopped […]

Permian Basin
Finance

$219M Permian Basin oil and gas land sale closes, company to cash-in on region’s growth

August 2, 2022 Mariel Alumit

Denver-based oil and gas company Sitio Royalties continued to up its presence in the Permian Basin, buying up more land in the U.S.’ busiest oilfield as energy markets continue to grow amid renewed demand following […]

UK North Sea
Finance

UK North Sea Tax Receipts Now $27 Million Daily

August 2, 2022 Mariel Alumit

The UK Government is being urged to do more to support families, businesses, and the energy transition after research by the Aberdeen & Grampian Chamber of Commerce (AGCC) revealed a 662 percent increase in North […]

Eni
Crude Oil News

Eni Secures $6.1B Sustainability-Linked Credit

August 2, 2022 Mariel Alumit

Italian oil and gas company Eni has secured a $6.1 billion financing through its Sustainability-linked Financing Framework targets, updated in May 2022. The five-year sustainability revolving credit line is linked to two of the targets. […]

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