Downstream

This post was originally published on this siteMay 11, 2022 (Bloomberg) The Biden administration is scrapping planned auctions of drilling rights in the Gulf of Mexico and Alaska’s Cook Inlet — a move that deepens uncertainty over the future of the US government’s offshore oil leasing program. The Interior Department said in an emailed statement it […]

This post was originally published on this siteEuropean natural gas prices jumped following disruptions to a key transit route through Ukraine, and as Germany said Russia was using energy as a weapon in an escalating clash over supply.The benchmark contract surged more than 22%, with shipments from Russia via Ukraine set to fall by about

This post was originally published on this siteMay 12, 2022 (Bloomberg) Oil fell as financial markets were pressured by stubbornly high US inflation, bolstering the case for Federal Reserve interest rate hikes. West Texas Intermediate futures have whipsawed wildly this week, and were down about 2% on Thursday. European equities slid, along with US futures, while the

This post was originally published on this siteMay 12, 2022 (Bloomberg) Last year, global carbon markets exceeded 750 billion euros ($850 billion) in transactions. Almost all of that happened in so-called compliance markets, where laws require major emitters of greenhouse gases to buy permits or credits. Europe makes up the bulk of these markets, with 760 billion euros traded in 2021, while North

This post was originally published on this siteMay 10, 2022 (Bloomberg) Talen Energy Corp. placed its Talen Energy Supply unit in Chapter 11 bankruptcy on Monday after rising power and gas prices disrupted its hedges and sparked a liquidity crisis.At least eight of the company’s 18 power plants rely on natural gas to make electricity, which

This post was originally published on this siteDALLAS, May 12, 2022 (GLOBE NEWSWIRE) — Berry Corporation (bry) (NASDAQ: BRY) (“Berry” or the “Company”) today announced that on May 5, 2022, it purchased 2 million shares of its common stock for $22.8 million. This purchase represented 2.5% of outstanding shares and leaves over $127 million available

This post was originally published on this siteMay 11, 2022 HOUSTON, May 11, 2022 (GLOBE NEWSWIRE) — Epsilon Energy Ltd. (“Epsilon” or the “Company”) (NASDAQ: EPSN) today reported first quarter 2022 financial and operating results and material subsequent events following the end of the quarter through the date of this release. Cash provided by operations

This post was originally published on this site Bulgaria has agreed to purchase two shipments of U.S. LNG for June and is in talks for a long-term contract for U.S. deliveries after Russia's Gazprom cut off gas supplies to Sofia, Prime Minister Kiril Petkov said on Wednesday.

This post was originally published on this siteWhy LinkedIn? With over 880 million users and growing every single day, Energy companies should be focusing on LinkedIn above all other social media platforms because of one reason. LinkedIn is all about business, it’s not some funny picture of someone’s dog and it is the only social

This post was originally published on this siteCAPE TOWN, May 11 (Reuters) – Mining is probably the most vital sector to the global energy transition and the success of the much-vaunted net-zero carbon emissions by 2050 targets, but it’s currently the laggard in the process. The mining industry is largely at an inflection point insofar