Energy News Digest to 25th Feb. 2022. OPEC daily basket price stood at $101.22 a barrel, Thu, 24th Feb. 2022
Global stocks slumped on the Asian markets on Thursday. The dollar, gold and oil prices jumped, and U.S. Treasury yields fell amid growing fears of a full-scale Russian invasion of Ukraine.The Russian rouble turned lower, slipping 0.1% against the dollar after falling more than 3% on Wednesday.
Regional Revitalization for the Offshore Wind Power Generation Projects off the coast of Akita Prefecture and Chiba Prefecture
Our company hereby announces the principal concept on conducting the long-term offshore wind power generation projects, as the appointed consortium members on December 24th, 2021 for the following promotion zones in accordance with Japanese legislation to facilitate the use of its marine spaces for renewable power generation. Off the coast of Noshiro City, Oga City and Mitane Town, Akita Prefecture Promotion Zone for the Development of Marine Renewable Energy Power Generation Facilities Off the coat of Yurihonjo City, Akita Prefecture (Northern and Southern sides) Promotion Zone for the Development of Marine Renewable Energy Power Generation Facilities off the coast of Choshi City, Chiba Prefecture Promotion Zone for the Development of Marine Renewable Energy Power Generation Facilities Read More
MUFG announced that MUFG’s five core group companies will make donations to the Bureau of Transportation Tokyo Metropolitan Government (Tokyo Bureau of Transportation), Osaka City Bus Corporation (Osaka City Bus), and Nankai Bus Co., Ltd. (Nankai Bus) to support the introduction of hydrogen fuel cell-powered buses. MUFG will donate a total of approximately 200 million yen over the next six years (including donations to Osaka Prefecture through the corporate version of Hometown Tax Donations ) to the Tokyo Bureau of Transportation, Osaka City Bus and Nankai Bus; the latter two are expected to receive subsidies from the Osaka Prefectural Government to promote the introduction of fuel cell buses in fiscal 20214. The bus operators plan to introduce a total of three fuel cell buses by March 2022. To attend the webcast presentation at 16.00 CET on 7 March 2022, please click on the link to register:
Lundin Energy AB (Lundin Energy) is pleased to announce that it will present the outlook for the Renewables Business, Board of Directors and management team, and future strategy, on 7 March 2022. The Renewables Business will be separated as a standalone business at the completion of the proposed combination of Lundin Energy’s E&P assets with Aker BP, as announced on 21 December 2021, which is expected to occur around the end of June 2022. A webcast presentation will be hosted on 7 March 2022 at 16.00 CET. Read More
Golar LNG Limited preliminary fourth quarter and financial year 2021 results
Total Q4 operating revenues of $115.0 million and Adjusted EBITDA1 of $93.5 million.
FLNG Hilli: Increased earnings from Brent Oil linked production, realized income increase of 45% on prior quarter to $12.9 million in Q4. Further 2022 earnings upside from Dutch Title Transfer Facility (“TTF”) linked production.
Formation of Cool Company Limited (“CoolCo”) will reduce Golar’s Contractual Debt1 by approximately $833 million and will improve Golar’s cash and marketable securities position by $342 million.
Entered into a new $250.0 million undrawn corporate bilateral facility with Sequoia Investment Management to further increase financial flexibility and facilitate FLNG growth.
Simplification process concluded, focus shift to FLNG growth projects.
Awarded 2021 winner of North America Best ESG Energy Business Strategy by Capital Finance International. Read More
| Oil and Gas Prices | Units | Price $ | change |
| Crude Oil (WTI) | USD/bbl | $94.00 | Down |
| Crude Oil (Brent) | USD/bbl | $100.83 | Down |
| Bonny Light | USD/bbl | $101.88 | Up |
| Natural Gas | USD/MMBtu | $4.51 | Down |
| OPEC basket 24/02/22 | USD/bbl | $101.22 | Up |
Chevron U.S.A. Inc. (Chevron), a subsidiary of Chevron Corporation (NYSE: CVX), and Iwatani Corporation of America (ICA), a wholly owned subsidiary company of Iwatani Corporation (TYO: 8088), today announced an agreement to co-develop and construct 30 hydrogen fueling sites in California by 2026. Read More
| Region | Period | Rig Count | Change from Prior Count |
| U.S.A | 18th February 2022 | 645 | +10 |
| Canada | 18th February 2022 | 220 | +1 |
| International | January 2022 | 841 | +7 |
