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Home2021January

Month: January 2021

China companies may get delisted - Energynewsbeat
Commodities

China falls from top US crude exports spot

January 7, 2021 Stu Turley

Total US crude exports averaged 2.73mn b/d in November, down from 2.91mn b/d in October, according to trade data released today by the US Census Bureau. China had been the top destination for US crude […]

Rystad Energy - EnergyNewsBeat
Crude Oil News

OPEC+ protectionism is helping the US shale industry find 32% more CFO to boost spending in 2021

January 7, 2021 Stu Turley

The decision by OPEC+ to continue shielding the global oil market by curtailing its output, even with generous self-imposed cuts like Saudi Arabia’s 1 million barrels per day “gift”, has helped WTI crude prices exceed […]

Enverus -Expect Hot Oil - Gas M&A Market To Slow In 2021
ENB Pub Note

Enverus: Expect Hot Oil & Gas M&A Market To Slow In 2021

January 7, 2021 Stu Turley

Energy News Beat Publishers Note: Excellent piece by David Blackmon Senior Contributor at Forbes. Right on the money. A new mergers and acquisitions report from analyst firm Enverus projects that the hot M&A market the oil […]

IEA Stock Release And Opec+ Modest Increase Fail To Halt Oil/Gas Price Rally
EIA News

In 2020, U.S. natural gas prices were the lowest in decades

January 7, 2021 Stu Turley

In 2020, natural gas spot prices at the national benchmark Henry Hub in Louisiana averaged $2.05 per million British thermal units (MMBtu), the lowest annual average price in decades. Prices started the year relatively low because […]

Port Harcourt Refinery - Energy News Beat
Crude Oil News

Nigeria’s NNPC seeks $1 billion oil prepay to revamp Port Harcourt refinery

January 7, 2021 Stu Turley

LONDON/LAGOS: Nigeria‘s state oil firm NNPC is in talks to raise around $1 billion in a prepayment with trading firms to refurbish its largest refining complex at Port Harcourt, seven sources familiar with the discussions said. If the […]

Energy Stocks could see 15 percent uptick in 2021 - Energy News Beat
Exploration and Production

Wyoming tribes plan to maintain control of their own oil, gas production

January 7, 2021 Mariel Alumit

(Wind River Reservation, WY) – The latest edition of the Northern Arapaho Newsletter released today, January 6th shared the Eastern Shoshone and Northern Arapaho Tribes agreed to let their lease with oil and gas company, Merit, […]

Crude Oil News

Overnight Oil Report 1/7/2021: Bullish EIA stock draw bid oil up, still weakness

January 7, 2021 Mariel Alumit

ENB Publishers Note: Some overnight bullish sentiment was capped as both the Asian and Euro opens bid oil down after a 8 mm/bbl per day draw from stocks help bid prices up above $51. Follow […]

BlackRock Is Leading A 120 Trillion Investment Boom That Is Upending Wall St -EnergyNewsBeat
Renewables Not Sustainable

BlackRock Is Leading A $120 Trillion Investment Boom That Is Upending Wall St.

January 6, 2021 Stu Turley

Investing will never be the same again. The $120 trillion sustainability trend has left no sector untouched, and it is fueling one of the biggest transfers in capital the world has ever seen. Blackrock, the world’s largest […]

Political

Changes to Renewable and Carbon Capture Tax Credits under the Consolidated Appropriations Act, 2021

January 6, 2021 Stu Turley

On December 22, 2020, the U.S. House and Senate approved the Consolidated Appropriations Act, 2021 (the 2021 Act) and, on December 27, 2020, President Trump signed the 2021 Act into law.  The 2021 Act extends […]

Turkey to launch mini solar tenders in 2 months - energy minister says - EnergyNewsBeat
International News

Turkey to launch mini solar tenders in 2 months, energy minister says

January 6, 2021 Stu Turley

Turkey will launch 74 solar energy mini tenders for its Renewable Energy Resource Zones (YEKA) in the next two months, the energy and natural resources minister announced Wednesday. The tenders will cover solar power plants, […]

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