Rig Count, Oil Prices, Newstrack to 12/01/2021
Oil is strengthening, Brent crude now up 1.2% at $56.30 per barrel, OPEC daily basket price stood at $54.76
EIA states that in 2019 proved reserves of natural gas in the United States declined 2%—the first time natural gas reserves have declined since 2015—and proved reserves of oil increased by a slight amount (0.1%) from the 2018 level. Proved reserves of oil and natural gas had risen annually in the United States by at least 9% in the previous two years.
|Commodity At press time||Units||Price $||Change|
|Crude Oil (WTI)||USD/bbl||52.79||0.00%|
|Crude Oil (Brent)||USD/bbl||56.30||0.00%|
|OPEC basket 11/01/21||USD/bbl||54.76||0.00%|
Morgan Stanley upgrades Exxon Mobil, sees 30% total return as company supports dividend
Nio shares surge as much as 13% Shares of Shanghai-based electric vehicle company Nio opened at a record high on Monday
Subsea 7 announces the death of a Director The Board wish to express their gratitude for Allen’s invaluable contribution to the Company and extend their deepest condolences to his family. Mr. Allen Stevens, Non-Executive Director and Senior Independent Director, passed away on 10 January 2021.
Arctic Oil Drilling Plans Suffer ‘Stunning Setback’ of the 22 parcels of land, totaling 1.1 million acres, the government of Alaska was the sole bidder and ended up winning leases on 9 of the 12 parcels that received bids. two were acquired by private companies, and the others that received no interest were withdrawn from this round of auctions.
Baker Hughes Rig Count to 8th January 2021
|Region||Period||No. of Rigs||Change|
|U.S.A||08 Jan. 2021||360||+9|
|Canada||08 Jan. 2021||117||+58|
|International||30th Dec. 2020||665||-4|
CME Group and IHS Markit to Form Leading Post-Trade Services Joint Venture for OTC Markets The new company will include trade processing and risk mitigation operations. It will incorporate CME Group’s optimization businesses –Traiana, TriOptima, and Reset – and IHS Markit’s MarkitSERV.
Sakhalin Energy Set a Record for LNG Production In 2020 Sakhalin Energy produced and shipped a record amount of liquefied natural gas (LNG): 178.6 standard cargo (one standard cargo is equivalent to 65 thousand tonnes) or more than 11.6 million tonnes. This is the best Sakhalin II LNG plant annual performance ever.
National Guard Troops Deploying to DC Will Come With Lethal Weapons Army and Air National Guard members deploying to Washington, D.C. to help guard the capital and stay through the Jan. 20 inauguration will have access to lethal weapons at their commanders’ discretion, Guard commanders said Friday.
Fugro partners on ‘4S’ global satellite observation seafloor mapping innovation Fugro is participating in an EU co-funded research and innovation project to develop a remote solution for global satellite derived seafloor mapping. he 3-year project, named ‘4S’ (Satellite Seafloor Survey Suite), will develop an online cloud-based solution
Baidu Partners with Zhejiang Geely to Build Smart Electric Vehicles Baidu, which has been developing autonomous driving technology, said it is setting up a new company to manufacture intelligent electric cars, and the new EV company will count on Baidu’s intelligent driving system Apollo and Geely’s car manufacturing expertise and EV modular platform-Sustainable Experience Architecture.
Origin Energy has unveiled plans to build a giant 700-megawatt capacity battery at its coal-fired power plant in Eraring, south of Newcastle, in the New South Wales Hunter region. It will be four times bigger than the Tesla battery in South Australia Origin’s executive general manager Greg Jarvis said the battery would support Origin’s transition away from coal-fired power generation by 2032.
Iraq and UAE rise, Nigeria falls Iraq, in the throes of an economic crisis, increased its output, pumping 3.85 million b/d, 50,000 b/d above its quota, as its southern exports climbed sharply. The UAE also continued to push output higher in December, but it was still 20,000 b/d below its quota of 2.59 million b/d. Abu Dhabi National Oil Co. has informed its term customers it will reduce nominations in January for all its four crude grades, with a 20% cut for flagship grade Murban.
Meanwhile, Nigeria posted its highest-ever compliance since the alliance began its output deal in 2017.
Engie and Neoen to Build 1GW Solar Project to build a 1-gigawatt solar-powered low carbon energy park in France, incorporating green hydrogen production to supply transportation and energy needs. Horizeo project in western France’s Nouvelle-Aquitaine region
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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