Rig Count, Oil Prices, Newstrack to 17/02/2021

Oil rally continues to a 13-month high averaging $62 per barrel

OPEC+, Expect rise in demand this year as vaccines are rolled out.

Commodity At press timeUnitsPrice $Change
Crude Oil (WTI)USD/bbl60.640.00%
Crude Oil (Brent)USD/bbl64.130.00%
Bonny LightUSD/bbl61.860.00%
Natural GasUSD/MMBtu3.070.00%
OPEC basket 16/02/21USD/bbl62.480.00%

BPCL to buy out Oman Oil’s 36.62% stake in Bina refinery BPCL holds a 63.68 per cent stake in Bharat Oman Refineries Ltd (BORL), which built and operates a 7.8 million tonne oil refinery at Bina in Madhya Pradesh.

US Army Is Seeking Firms to Build Highly Mobile Light Tanks for Infantry Brigades The Army kicked off the MPF program in December 2018 by awarding contracts to General Dynamics Land Systems Inc. and BAE Systems Land & Armaments LP to produce early prototypes.

Land Rover will launch six EVs in five years Jaguar to become a direct Tesla rival selling only electric luxury models. The move will see Jaguar completely axe the petrol engines that made its name within the next four years.  

Oil companies don’t want to be known for oil anymore Total’s name change would be the latest in a round of oil company makeovers that have accompanied a flurry of climate pledges over the past year.

World’s first flying car that travels 100mph at altitudes of 10,000ft The Terrafugia Transition received a Special Light-Sport Aircraft airworthiness certificate from the agency, giving it the green light for takeoff.

Light Vehicles with Long-Range Punch Give Marines a Better Tank Killer, General Says The Marine Corps began divesting its heavy tanks last year, following guidance from Commandant Gen. David Berger.

First Farmer in the US to Sequester Carbon for Cash Earns $115,000 Scientists, farmers, the USDA, and governments, are rallying around an idea that will see tons of carbon pulled out of the atmosphere and put back into the ground.

Royal London Asset Management (RLAM) welcomes vote on Glencore’s climate action plan as it transitions to a low carbon future RLAM is the senior co-lead investor, through the Climate Action 100+ initiative1, in the engagement with Glencore. Climate Action 100+ is an investor-led initiative to ensure the world’s largest corporate greenhouse gas emitters take necessary action on climate change.

Baker Hughes Rig Count to 17th February 2021

Baker Hughes Count Shows 10 More Rigs

RegionPeriodNo. of RigsChange
U.S.A12 Feb. 2021397+5
Canada12 Feb. 2021176+5
Baker Hughes Rig Count Overview & Summary Count

Royal HaskoningDHV to Work on Europe’s Largest Offshore Wind-to-Hydrogen Project Royal HaskoningDHV has been awarded a contract for environmental consultancy services for NortH2, a large offshore wind-to-hydrogen project. The NortH2 project was launched in February 2020 by Shell, Groningen Seaports, Gasunie, and the province of Groningen.

Electric Aircraft Demand Seen Growing for Deliveries – Bloomberg Electric aircraft such as drones could account for 30% of same-day package deliveries by 2040 as network scale dramatically brings down costs, according to L.E.K. Consulting

Petrofac to support Carnarvon’s Buffalo redevelopment The agreement supports Carnarvon’s Buffalo redevelopment, offshore East Timor in the Timor Sea, and includes planning, detailed well design, drilling execution and all associated procurement.

Repsol and the Guardia Civil sign a collaboration protocol to promote more sustainable mobility The protocol covers aspects such as the improvement of sustainable mobility, energy efficiency and sufficiency, as well as environmental awareness and the launching of joint R&D&I initiatives.

Repsol and IBIL develop the first recharging station for electric vehicles with energy storage in Spain The recharging point for electric vehicles at a Repsol service station on the N-I as it passes through the Basque town of Tolosa (Gipuzkoa) is the first in Spain to use energy stored in second-life batteries.

Darren Woods shares reasons for optimism in message to ExxonMobil employees Darren Woods, ExxonMobil’s Chairman and CEO, sent a message to employees today offering an assessment of the company and industry after a challenging 2020, a description of plans for 2021, and reasons for optimism about ExxonMobil’s future.

Kentech acquires SNC-Lavalin’s oil and natural gas business On Tuesday 9th February 2021, we announced an agreement to acquire the oil & gas business of SNC-Lavalin’s Resources Division. This business includes people and assets brought together through their acquisition of the Kentz and other energy services businesses. This transaction marks an exciting, ground-breaking development for Kentech to reinforce our position as a leading integrated energy services provider and introduces us to the renewable / clean power marketplace.

Shell has selected U.S. offshore helicopter operator PHI to operate four Airbus H160s to service a support contract in the Gulf of Mexico.

Source / More information: 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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