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Home2021January

Month: January 2021

opec energynewsbeat
ENB Pub Note

OPEC+ to ease cuts further – reports

January 4, 2021 Mariel Alumit

ENB Publishers Note: We expect cuts to be implemented as the COVID-19 cases continue to rise around the world, despite vaccine rollout.  Follow Energy New Beat’s LIVE daily show at 2 PM MST everyday for […]

Doing Nothing Is the Best Oil Producers Can Do Right Now
Crude Oil News

OPEC+ Warns of Risk to Oil Recovery as Group Plots Next Move

January 4, 2021 Stu Turley

OPEC warned of risks to the oil market from the resurgent pandemic, a day before the group and its allies meet to consider whether to increase production. “The outlook for the first half of 2021 […]

Iran to invest 1.2B in bid to double oil production -EnergyNewsBeat
Crude Oil News

Iran to invest $1.2B in bid to double oil production

January 3, 2021 Stu Turley

Iranian energy companies have agreed deals worth $1.2 billion to raise the nation’s crude output, state-run National Iranian Oil Co. said. The signings were initially meant to take place on Monday in Tehran in the […]

Egypt's Oil Minister
ENB Pub Note

Egypt signs 9 new agreements for oil and gas exploration -worth over $1 billion

January 3, 2021 Stu Turley

Energy News Publishers Note: This $1 billion dollar group of wells is only the beginning for drilling in the Mediterranean, Red Sea, and even the Black Sea.  The deals with major oil companies in the […]

International News

U.S. To Goes All In On Nuclear Power In Space Race With China

January 3, 2021 Mariel Alumit

The United States is doubling down on nuclear power and propulsion systems in the new space race with China.  The Trump Administration unveiled in the middle of December a National Strategy for Space Nuclear Power and Propulsion, the […]

Tesla CEO Elton Musk arrives for the Axel Springer Awards on December 1 2020 in Berlin -
Electric Vehicles

Tesla’s Year-End Push Lifts 2020 Deliveries To Musk’s Long-Sought 500,000-Unit Goal

January 3, 2021 Stu Turley

Tesla TSLA +1.6% closed out 2020 with a final delivery and production push that helped Elon Musk’s electric vehicle company finally deliver about 500,000 cars and crossovers to global customers, a goal the billionaire entrepreneur has been trying […]

U.S. energy execs see capital spending rising in 2021 - Dallas Fed survey
Finance

U.S. energy execs see capital spending rising in 2021 – Dallas Fed survey

January 3, 2021 Stu Turley

NEW YORK (Reuters) – About half of U.S. energy company executives polled by the Federal Reserve Bank of Dallas expect their firms to increase capital spending in 2021, and another quarter of respondents see those […]

Adani Green Gets 600-MW wind-solar hybrid
Renewables Not Sustainable

Adani Green gets 600-MW wind-solar hybrid power project from SECI

January 3, 2021 Stu Turley

With the latest win, AGEL’s total capacity stands at 14,795 megawatts (MW) of renewable energy. Of this, 2,950 MW of renewable energy projects are operational and 11,845 MW projects are under implementation, it said New […]

Russian annual oil output falls for the first time since 2008 -EnergyNewsBeat
Crude Oil News

Russian annual oil output falls for the first time since 2008 on OPEC+ deal, pandemic

January 3, 2021 Stu Turley

Russian oil and gas condensate output declined to 10.27 million barrels per day (bpd) last year, according to energy ministry data cited by the Interfax news agency MOSCOW: Oil production in Russia declined last year […]

US Congress authorizes new Nord Stream 2 Sanctions Pic 1
International News

US Congress authorizes new Nord Stream 2 sanctions

January 2, 2021 Stu Turley

The US Congress has authorized the White House to impose sanctions against companies constructing the Nord Stream 2 natural gas pipeline from Russia to Germany, with lawmakers overriding President Donald Trump’s veto of a broader […]

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