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Home2021

Year: 2021

Finance

Subsea 7 Announces Floating Wind Acquisition

August 3, 2021 Stu Turley

Subsea 7 today announced that it has entered into an agreement to acquire a majority interest in the equity of Nautilus Floating Solutions S.L. a developer of technology for the floating wind market based in […]

International News

China-Australia Tensions Create LNG Trade Uncertainty

August 3, 2021 Stu Turley

Rising political tension is creating concern for the China-Australia liquefied natural gas (LNG) trade, with other global LNG suppliers the potential beneficiaries of this tension. LNG is a vital resource supporting China’s push towards a […]

U.S. coal exports
EIA News

U.S. energy intensity has dropped by half since 1983, varying greatly by state

August 3, 2021 Andy Del Prado

Source: U.S. Energy Information Administration, Monthly Energy Review and State Energy Data System Energy intensity—calculated as total energy consumption divided by real gross domestic product (GDP)—is a common energy indicator and efficiency measure. In 2020, U.S. energy intensity reached a low […]

Exploration and Production

ENB Energy News Podcast with the Current M&A Activity from Enverus – What’s a few Billion?

August 3, 2021 Stu Turley

We sat down with Andrew Dittmar, Senior M&A Analyst at Enverus and we had a blast talking about the report they just put out. This was my second interview with Andrew and he again demonstrated […]

oil and money - King Operating
Commodities

OPEC+ agrees to crude oil production increases, but Brent crude oil prices remain high

August 2, 2021 Andy Del Prado

Source: Graph by the U.S. Energy Information Administration, based on data from Bloomberg On July 18, OPEC+, which includes most members of OPEC and several non-OPEC members (including Russia), agreed to increase monthly crude oil production starting […]

Commodities

Crude Oil Retreats as Investors Weigh Demand, Iranian Tensions

August 1, 2021 Stu Turley

Oil fell after four monthly gains as data signaled a slowdown in China and investors monitored the spread of the delta coronavirus variant. West Texas Intermediate slipped 0.6%, after climbing 2.6% last week. China’s economic […]

Colombia coal
CO2 & GHG

Climate goals at risk if only the rich countries adopt electric cars

August 1, 2021 Stu Turley

ENB Publishers Note: Ok with only the rich countries being able to afford EVs and 90% of the rare earth minerals coming from the poor countries, why can’t we try to work together to offer […]

China's $6.4 Trillion Energy Transition To Transform Economy-ENB
International News

China, India miss UN deadline to update emissions targets

August 1, 2021 Stu Turley

China and India have missed a UN deadline to submit fresh plans for cutting th7eir greenhouse gas emissions in time for the global body to include their pledges in a report for governments at this year’s global climate summit, according […]

oil pump in France -ENB
Crude Oil News

Oil and Gas outlook for August 2021 – What we are looking at King Research

August 1, 2021 Stu Turley

On Friday the Oil Futures ended higher for the fourth month in a row. “Oil futures [markets] remain hyper-focused on draws to U.S. crude and product inventories and are likely positioned on the expectation that […]

Exxon - Energy News Beat
Big Oil Companies

ExxonMobil earns USD 4.7 billion in second quarter 2021

August 1, 2021 Stu Turley

ExxonMobil has announced estimated second-quarter 2021 earnings of $4.7 billion, or $1.10 per share assuming dilution, compared with a loss of $1.1 billion in the second quarter of 2020. Second-quarter capital and exploration expenditures were $3.8 billion, bringing the […]

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