Energy News Update to 06/01/2023. Canada Rig Count is up 105 to 189

Shell said it expects to pay an extra $2 billion in new taxes for the fourth quarter in the European Union and U.K.

“The Q4′22 earnings impact of recently announced additional taxes in the EU (the solidarity contribution) and the deferred tax impact from the increased UK Energy Profits Levy is expected to be around $2 billion,” the company said in a trading update.

The EU agreed in September that oil and gas companies will pay a levy on surplus profits made in 2022 or 2023. The “solidarity contribution” will see firms pay 33% of profits above their average taxable profits. Read More


U.S. Environmental Protection Agency (EPA) is announcing a proposal to strengthen a key national ambient air quality standard (NAAQS) for fine particle pollution, also known as PM2.5, to better protect communities, including those most overburdened by pollution. Fine particles, sometimes called soot, can penetrate deep into the lungs and can result in serious health effects that include asthma attacks, heart attacks and premature death – disproportionately affecting vulnerable populations including children, older adults, those with heart or lung conditions, as well as communities of color and low-income communities throughout the United States. These particles may be emitted directly from a source, such as construction sites, unpaved roads, fields, smokestacks, or fires; other particles form in the atmosphere as a result of complex reactions of chemicals such as sulfur dioxide and nitrogen oxides, which are pollutants emitted from power plants, industrial facilities, and vehicles.

EPA’s proposal will specifically take comment on strengthening the primary (health-based) annual PM2.5 standard from a level of 12 micrograms per cubic meter to a level between 9 and 10 micrograms per cubic meter, reflecting the latest health data and scientific evidence; the Agency is also taking comment on the full range (between 8 and 11 micrograms per cubic meter) included in the Clean Air Scientific Advisory Committee’s (CASAC) latest report. Read More


Baker Hughes Rig Count
International Rig Count is down 10 rigs from last month to 900 with land rigs down 4 to 684, offshore rigs down 6 to 216.The Worldwide Rig Count for December was 1,834, down 56 from the 1,890 counted in November 2022,and up 271, from the 1,563 counted in December 2021.

RegionPeriodRig CountChange from Prior
U.S.A6 January 2023772-7
Canada6 January 2023189+105
InternationalDecember 2022900-10
Rig Count Overview & Summary Count

OilandGasPress Energy Newsbites and Analysis Roundup | Compiled by: OGP Staff, Segun Cole @oilandgaspress.

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