Energy News to 14/01/2023. Canada Rig Count is up 38 to 227
Woodside Energy will contribute a total of A$750,000 to relief efforts that are assisting local communities impacted by the ongoing flood crisis in Western Australia’s Kimberley region. Of Woodside’s contribution, A$500,000 will be donated to the Leedal Foundation, which supports Indigenous communities in the Fitzroy Valley. Leedal Foundation is partnering with four other key local organisations to coordinate assistance to people who have been impacted, through the provision of essential needs,
including food, clothing, bedding and hygiene products. Woodside will also make a donation of A$250,000 to the Lord Mayor’s Distress Relief Fund, Western
Australia’s official state emergency fund. In addition, Woodside is supporting our employees to donate to both organisations through simple payroll deductions. Read More
New gas boilers should be banned within a decade in a move that could cost cash-strapped Britons thousands, a report into the UK’s net zero policy has warned.
The review, carried out by Tory MP Chris Skidmore and published on Friday, urges the Government to phase out gas boilers by 2033, rather than 2035.
Demanding Britain kick-starts its own ‘onshore wind revolution’, the report also calls for a five-fold increase in solar panels, in a bid to free the UK from the shackles of Russian energy dependence amid the war in Ukraine. Read More
In November 2022, Neste announced that it would acquire the used cooking oil (UCO) collection and aggregation business and related assets on the US West Coast from Crimson Renewable Energy Holdings, LLC. The acquisition has been approved by regulatory authorities, and the transaction has been closed.
The acquisition includes shares in SeQuential Environmental Services, LLC, and Pure, LLC, as well as a UCO processing plant in Salem, Oregon. Through the transaction, Neste acquired a leading UCO collection and recycling business on the US West Coast, covering the collection, logistics and storage of UCO in California, Oregon and Washington.
“The completion of this transaction is another important step for Neste in growing renewable and circular solutions, following our strategy. We are strengthening our presence and operations in the United States and on the US West Coast which is an important market for servicing our customers and the location for our joint venture for renewable diesel production in Martinez, California. I am happy to welcome the team to join Neste’s operations in the US,” says Matti Lehmus, President and CEO of Neste.
The transaction strengthens Neste’s global raw materials sourcing platform and supports Neste’s aim to serve its customers to meet the growing global need for renewable products. Read More
Electricity generator, Drax Pumped Storage Limited (Drax), has today (Friday 13 January) agreed to pay £6.12 million into the Voluntary Energy Redress Fund, after it admitted to inadvertently breaching a condition of its Generation Licence. Drax secured excessive Balancing Mechanism (BM) payments from National Grid Electricity System Operator (NGESO), during periods of what is known as ‘transmission constraint.’
In order to meet our electricity needs, power generated from coal, gas, hydro, nuclear, wind, solar and other sources of energy has to get from where it is produced to where it is needed. If the system is unable to flow electricity in the way required, NGESO take actions in the market to increase and decrease the amount of electricity at different locations on the network, often referred to as ‘transmission constraint management’.
Situations which could cause transmission constraints might, for example, include where there is insufficient network capacity to transport power out of a particular area in which local generation exceeds demand. This can arise under normal network conditions on a given day. Read More
| Oil and Gas Blends | Units | Oil Price $ | change |
| Crude Oil (WTI) | USD/bbl | $79.86 | Up |
| Crude Oil (Brent) | USD/bbl | $85.28 | Up |
| Bonny Light | USD/bbl | $84.99 | Up |
| Saharan Blend | USD/bbl | $85.39 | Up |
| Natural Gas | USD/MMBtu | $3.41 | Down |
| OPEC basket 11/01/23 | USD/bbl | $78.23 | Up |
U.S. Environmental Protection Agency (EPA) announced the appointment of 15 new and 7 returning members to the Local Government Advisory Committee (LGAC). The announcement came at a public meeting of the Committee, where members presented recommendations on impleentation of the Inflation Reduction Act (IRA).
“Our partnerships with local governments are critical to EPA’s efforts to tackle the climate crisis and ensure that investments from President Biden’s Inflation Reduction Act reach the communities that need them most,” said EPA Administrator Michael Regan. “The recommendations provided by the LGAC today demonstrate the pride we take in prioritizing local voices, and I look forward to working with the new membership over the coming year.”
The 34-member LGAC will have an even split of female and male members, including 14 people of color, and representation from 29 different states and U.S. territories. The Administrator also appointed 13 new and 5 returning members to the LGAC’s Small Communities Advisory Subcommittee.
Mayor Leirion Gaylor Baird of Lincoln, Nebraska will continue to as the LGAC’s chair, and Mayor Lucy Vinis of Eugene, Oregon will serve as the LGAC’s vice chair. Administrator Regan also appointed Ann Mallek, Supervisor of Albemarle County, Virginia, as co-chair of the SCAS. Mallek will join Commissioner Christine Lowery of Cibola County, New Mexico, who has held the position for the past year. “I look forward to continued service on the EPA’s Local Government Advisory Committee and remain committed to the important work of advancing climate security, infrastructure development, economic opportunity, environmental justice, and quality of life for people here in Lincoln and across our country,” said Mayor Gaylor Baird of Lincoln, Nebraska. Read More
Baker Hughes Rig Count
U.S. Rig Count is up 3 from last week to 775 with oil rigs up 5 to 623, gas rigs down 2 to 150 and miscellaneous rigs unchanged at 2.
Canada Rig Count is up 38 from last week to 227, with oil rigs up 28 to 141, gas rigs up 10 to 86.
| Region | Period | Rig Count | Change from Prior |
| U.S.A | 13 January 2023 | 775 | +3 |
| Canada | 13 January 2023 | 227 | +38 |
| International | December 2022 | 900 | -10 |
Nigeria LNG, the company exporting liquefied natural gas from the African country, has canceled several shipments due to vandalism on gas pipelines that disrupted operations, sources familiar with the matter told Bloomberg on Friday.
There could have been as many as 10 cargoes canceled, one of Bloomberg’s sources said. Nigeria LNG has also declared a force majeure on export cargoes and scrapped at least 2 loadings scheduled for January. More LNG cargoes planned to load in February could also be canceled, according to Bloomberg’s sources.
The disruption in Nigeria LNG’s exports comes as Europe continues to look for LNG shipments to replace the lost Russian pipeline supply and start replenishing in April gas storage sites for next winter once this winter is over.
Despite the recent plunge in the European benchmark gas prices to below the North Asian benchmark, Europe continues to attract most of the U.S. exports of LNG as demand in Asia is still weak. Nigeria has also supplied a lot of LNG to Europe in recent months. Read More
OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.
Disclaimer: News articles reported on OilAndGasPress are a reflection of what is published in the media. OilAndGasPress is not in a position to verify the accuracy of daily news articles. The materials provided are for informational and educational purposes only and are not intended to provide tax, legal, or investment advice.
Information posted is accurate at the time of posting, but may be superseded by subsequent press releases
Please email us your industry related news for publication info@OilAndGasPress.com
Follow us: @OilAndGasPress on Twitter |
Oil and gas press covers, Energy Monitor, Climate, Renewable, Wind, Biomass, Sustainability, Oil Price, LPG, Solar, Marine, Aviation, Fuel, Hydrogen, Electric ,EV, Gas, energy monitors,TotalEnergies, Shell, BP, Chevron
