Oil Prices, Rig Count, Newstrack to 23/02/2021

U.S. shale explorers lost millions of dollars in oil production from last week’s snow storm that crippled Texas.

Israel and Egypt’s energy ministers agreed Sunday to build a gas pipeline from Israel’s offshore eastern Mediterranean Leviathan field to Egypt , aimed at boosting exports to Europe, an Israeli official said.-The Times of Israel

Commodity At press timeUnitsPrice $Change
Crude Oil (WTI)USD/bbl61.58-0.19%
Crude Oil (Brent)USD/bbl65.31+0.11%
Bonny LightUSD/bbl62.83+0.34%
Natural GasUSD/MMBtu2.89-1.83%
OPEC basket 22/02/21USD/bbl62.00+1.14%
The OPEC Reference Basket of Crudes (ORB) is made up of the following: Saharan Blend (Algeria), Girassol (Angola), Djeno (Congo), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela).

Philippines to install its first stormproof wind turbine Japanese wind power startup Challenergy is planning to roll out its first typhoon-proof turbine this year, targeting sales to remote islands such as those in the Philippines and Guam, and aiming to sell up to 100 units next year.

GE Renewable Energy to build the first wind farm in Lâm Ð?ng Province in Vietnam awarded a contract by Ocean Renewable Energy Joint Stock Company to supply a total of 15 of GE’s 4 MW-137 wind turbines to support construction of the Cau Dat Wind Farm, the first wind farm in Lâm Ð?ng Province in Vietnam. The contract also provides a 10-year full service O&M agreement for operation and maintenance of the wind farm.

GE supports Statnett’s Decarbonization Targets with GE’s Green Gas for Grid (g³) Technology in Norway February 23, 2021 Norway’s transmission grid operator Statnett announced it will install the world’s first 420 kilovolt (kV) 63 kiloampere (kA) GE Green Gas for Grid (g³) gas-insulated line (GIL) and busbars (GIB) operating at -30°C within its new 420 kV Hamang substation located in Oslo’s Sandvika area.

ENOC Group opens its service station en route to Abu Dhabi Built with 10 bridged canopies comprising 20 multimedia fuel dispensers, ENOC’s new service station is equipped with eight fuel tanks with a capacity of 15,000 imperial gallons, as well as an electric vehicle charging station.

SASOL Announce Appointment of Non-Executive Director In compliance with section 3.59(a) of the Listings Requirements, shareholders are advised that the board of directors of the Company (the Board) has appointed Mr Stanley Subramoney as non-executive director of the Company and a member of the audit committee with effect from 1 March 2021.

Sasol Announce results for the six months ended 31 December 2020. earnings increased by more than 100% to R15,3 billion from R4,5 billion in the prior period. Despite a 23% decrease in the rand/barrel oil price, our adjusted EBITDA decreased by only 6%. This achievement is as a result of a strong cash cost, working capital and capital expenditure performance in response to the challenging environment.

Porsche will begin ‘very small volume’ trials of synthetic fuel in cars from 2022 The German sports car maker has been developing its own synthetic fuel – or eFuel – that it claims would cut CO2 emissions produced by internal combustion engines by as much as 85 per cent.

Porsche Cayenne

Hyundai Motor Group Appoints Ben Diachun as Chief Technology Officer for Urban Air Mobility Division effective immediately.

Baker Hughes Rig Count to 23rd February 2021

RegionPeriodNo. of RigsChange
U.S.A10 Feb. 20213970
Canada19 Feb. 2021172-4
Baker Hughes Rig Count Overview & Summary Count

Newstrack compiled by Oil and Gas Press / Segun Cole , Please email us your industry related news for publication info@OilAndGasPress.com

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