Rig Count, Oil Prices, Newstrack to 26/01/2021

The world’s top 50 most valuable oil & gas brands have lost 16% of brand value on average, according to the latest report by Brand Finance, hit from COVID-19, amid oil price crash and rising wave of public pressure for sustainability Oil brands are solution, not problem; resources and expertise needed to facilitate energy transition and achieve net zero ambitions

Keystone XL Pipeline, canceled by Biden. Canada Unhappy. Will fallout Lead to the Courtroom?

Commodity At press timeUnitsPrice $Change
Crude Oil (WTI)USD/bbl52.930.00%
Crude Oil (Brent)USD/bbl56.100.00%
Bonny LightUSD/bbl54.720.00%
Natural GasUSD/MMBtu2.640.00%
OPEC basket 25/01/21USD/bbl54.850.00%

China installed 48.2 GW of solar in 2020 National Energy Administration is reportedly considering a joint solar and wind capacity target of 120 GW for this year.

JinkoSolar Supplied 2.3GW modules to Vietnam in 2020 This outstanding results proves JinkoSolar to be the top player of Vietnam market, being 2020 the second consecutive year of JinkoSolar ranking first, since the boom of Vietnam PV market.

Greencells Group signs joint development agreement with Blue Elephant Energy for a portfolio of 237 MWp of solar capacity in Italy and the Netherlands.

JA Solar Recognized in PV Module Index Report 2020 Released by Renewable Energy Test Center (RETC) JA Solar was recognized as an “Overall High Achiever”

Mubadala and Schneider Electric to Explore Collaborative Opportunities in the Areas of Clean, Sustainable and Innovative Energy Solutions The agreement provides for the exploration of a multi-faceted collaboration across a number of business opportunities, including Energy as a Service solutions in Europe, the Middle East, Africa and elsewhere globally, as well as manufacturing opportunities in the UAE

Gazprom and Hungary expanding cooperation in gas sector In 2020, Hungary imported 8.6 billion cubic meters of gas.

Kagoshima City to Refurbish Hokubu Waste-to-Energy Plant Mitsubishi Heavy Industries Environmental & Chemical Engineering Co., Ltd. (MHIEC), a Group company of Mitsubishi Heavy Industries, Ltd. (MHI), has received an order from Kagoshima City for refurbishment of its Hokubu Waste-to-Energy (WtE) Plant. The order calls for renovation of the facility’s stoker type incinerator, capable of processing 530 tonnes per day (tpd)(Note1), to extend the plant’s service life and enhance its energy efficiency. The contract is valued at 6.75 billion Japanese yen, with completion scheduled for February 2026.


Honda Reaches 100,000-Unit Cumulative Automobile Production Milestone in Vietnam Honda Vietnam will continue to provide high quality products that exceed customer expectations, and continue being “a company that society wants to exist” in Vietnam.

BYD Wins the Largest Pure-Electric Bus Order outside of China It has exclusively won cumulative orders to supply 1,002-unit pure-electric buses to the capital of Colombia, Bogota.

OPEC and WEF discuss enhancing cooperation The WEF team briefed the Secretary General on the WEF/International Business Council (IBC) led initiative on ‘Measuring Stakeholder Capitalism.’ Furthermore, two additional Oil and Gas Community workstreams on ‘Resource Sharing Hubs’ and ‘Data Exchange in Oil and Gas’ were discussed.

Baker Hughes Rig Count to 26th January 2021

RegionPeriodNo. of RigsChange
U.S.A15 Jan. 2021378+5
Canada15 Jan. 2021172+11
International30th Dec. 2020665-4

The Baker Hughes Rig Counts are an important business barometer for the drilling industry and its suppliers. [Read more…]

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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