Published by Verified by 16 de julio, 2024 Until today, beyond his usual promises that he will make “America great again,” former President Donald Trump was very cautious about revealing his economic policy for a potential second term. But now we do have a clearer idea: if he beats Joe Biden in November, the most … Read more
Italy were crowned European under 17 champions after beating Portugal 3-0 in front of a bumper crowd of 7,120 at the Limassol Arena on Wednesday night.The Azzurri started like a house on fire, spurred on by a large Italian fan contingent populating much of the end behind the goal they were defending in the first … Read more
Donald Trump allegedly offered Big Oil executives 0 billion in tax breaks if they donated billion to his campaign. Congressional Democrats are investigating this potential quid pro quo deal. Joe Biden plans to eliminate these tax breaks for the oil and gas industry if elected. The fossil fuel industry is lobbying to maintain these tax breaks, which are set to expire next year. Some attendees at Trump’s fundraising dinner at Mar-a-Lago included executives of smaller oil companies focused on fracking and gas exporting. The event was also attended by individuals with controversial backgrounds in the oil and gas industry.
Energean plc announced a significant find in offshore Egypt, continued natural gas supply in Israel, and declared a first quarter dividend of 30 cents a share. The company’s production for the first quarter was 142,000 boed, with 82% gas, representing a 49% year-on-year increase. Success was recorded in the Abu Qir infill well drilling campaign in Egypt, with preliminary analysis indicating gas-initially-in-place volumes of approximately 87-129 billion cubic feet. The well encountered around 270 feet of net pay across formations, with first production expected in Q3 2024.
Energean, a London-based independent exploration and production company, announced the discovery of new gas findings in the Mediterranean during its first-quarter financial results disclosure.
Petrobras must conduct studies on the impact of planned offshore drilling on Indigenous groups in the Amazon area to analyze the project’s viability. Ibama, Brazil’s environmental agency, has demanded wide-ranging studies to assess social, cultural, and environmental impacts on Indigenous peoples in the Foz do Amazonas basin. The additional studies are expected to take at least six months, further delaying Petrobras’ plans to explore the region. Ibama’s decision to require the studies proposed by Funai is seen as a win for the Council of Chieftains of the Indigenous People of Oiapoque (CCPIO), who have raised concerns about potential impacts on Indigenous communities. The studies will provide these communities with a greater understanding of the project and its potential risks.
Fact: Borussia Dortmund defeated Paris St Germain 1-0 in a Champions League semi-final first leg match, with Niclas Fuellkrug scoring the only goal.
President Nikos Christodoulides met with Eni CEO Claudio Descalzi in Nicosia to discuss gas findings. The meeting reviewed the discoveries made in 2022 by Eni and TotalEnergies, leading to the drilling of the Cronos 2 appraisal well in late 2023. A production test in early 2024 showed excellent performances and increased volumes. The meeting also discussed a fast-track approach to drilling the appraisal well and outlined preferred solutions to meet energy priorities in the short and longer term. Eni has been present in Cyprus since 2013, operating in various blocks.
President Biden and Treasury Secretary Janet Yellen have proposed a massive wealth tax redistribution scheme, including taxes on unrealized gains, in their Fiscal Year 2025 proposal.
Fact: Future LNG demand is expected to be led by Asia, particularly China, with global LNG demand projected to increase to about 700mtpa by 2040.