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Home2022August

Month: August 2022

Baker Hughes
Exploration and Production

Baker Hughes sells Russian oil field services business to local management team

August 2, 2022 Mariel Alumit

(WO) — Baker Hughes agreed to sell its Oilfield Services business in Russia to its local management team, and the business will operate independently going forward, the company announced. The agreement follows the company’s previously […]

Manchin Spending Deal Includes Billions in Oil Import Taxes
Energy Policy

Manchin Spending Deal Includes Billions in Oil Import Taxes

August 2, 2022 Stu Turley

  The climate and tax spending deal announced last week by Senate Majority Leader Chuck Schumer and Senator Joe Manchin could cost billions in new taxes. The legislation, which may get a Senate vote as soon as this […]

Small-scale solar is changing hourly utility electricity demand in New England
EIA News

Small-scale solar is changing hourly utility electricity demand in New England

August 2, 2022 Mariel Alumit

An increase in electricity generation from small-scale, customer-sited photovoltaic (PV) solar in New England is changing the hourly pattern of metered electricity demand during the spring (March-May), which you can see in our Hourly Electric […]

California natural gas storage levels are much lower in the north than in the south
EIA News

California natural gas storage levels are much lower in the north than in the south

August 2, 2022 Mariel Alumit

Working natural gas inventories at storage facilities operated by the two largest natural gas distributors in California-Pacific Gas & Electric (PG&E) in the north and Southern California Gas Company (SoCalGas) in the south-totaled 100.6 billion […]

No Picture
International News

Siemens Gamesa weighs around 2,500 job cuts: sources

August 2, 2022

The cuts would reduce a workforce of some 27,000 people, based on figures on the company’s website. It was not immediately clear which divisions or regions would be affected. MADRID/FRANKFURT: Wind turbine makerSiemens Gamesais considering […]

No Picture
International News

Surge in natural gas imports by Europe hits India’s supplies

August 2, 2022

IndianOil’s tender for a spot liquefied natural gas (LNG) cargo received no bids recently, according to people familiar with the matter. Even LNG contracted under long-term deals is no longer secure as Russia’s Gazprom has […]

No Picture

Inflation Reduction Act of 2022: Initial Takeaways from Enverus

August 2, 2022

The Inflation Reduction Act of 2022 would restore tax credits for solar and wind projects to their full rates and ensure they stay in effect at those levels for at least another decade, removing the […]

Democrats’ oil import tax would violate Biden pledge, group says
Imports

Democrats’ oil import tax would violate Biden pledge, group says

August 1, 2022 Stu Turley

Democrat’s plan to reinstate a 27-year-old fee on oil imports represents a violation of a pledge by President Joe Biden not to raise taxes on anyone making less than $400,000 per year, according to the […]

Germany
International News

Munich Restarts Oil-Fired Power as Surging Gas Batters Germany

August 1, 2022 Mariel Alumit

Oil burners revived, coal conversion delayed in energy crisis City utility also saves energy by lowering pool temperatures Munich plans to burn more oil and coal instead of natural gas as part of Germany’s efforts […]

India’s
Coal

India’s plan to auction abandoned coal mines is met with scepticism

August 1, 2022 Mariel Alumit

India’s plan to auction abandoned coal mines to private firms to meet rising energy demand has brought little cheer to the industry as running the mines poses financial, technological and safety risks companies are reluctant […]

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