March 2021
![March 2021](/cache/03-21/price-119.8e02f070.jpg)
2021, March, 2, 12:15:00
ASIA INDEXES DOWN
Japan’s Nikkei was down 0.85% as some investors booked profits on defensive energy and utility shares before the end of the fiscal year this month.
![March 2021](/cache/03-21/egypt-45.37b1368b.jpg)
2021, March, 2, 12:10:00
SHELL INVESTMENT FOR EGYPT $0.9 BLN
Shell Egypt and one of its affiliates have signed an agreement with a consortium made up of subsidiaries of Cheiron Petroleum Corporation and Cairn Energy PLC to acquire Shell’s upstream assets in Egypt’s Western Desert
![March 2021](/cache/03-21/climate-44.e740410f.jpg)
2021, March, 2, 12:10:00
TEXAS ENERGY SHORTFALL $2.5 BLN
That brings the total shortfall to nearly $2.5 billion, according to a market notice.
![March 2021](/cache/03-21/climate-43.264b294e.jpg)
2021, March, 2, 12:05:00
THE LETHAL ENERGY OF TEXAS
"The entire energy sector failed Texas," said NRG Energy Inc Chief Executive Mauricio Gutierrez, who testified.
![March 2021](/cache/03-21/price-113.fcf121c6.jpg)
2021, March, 1, 11:00:00
OIL PRICE: NOT ABOVE $66
Brent rose $1.07, or 1.7%, to $65.49 per barrel. WTI jumped $1.01, or 1.6%, to $62.51 a barrel.
![March 2021](/cache/03-21/sanctions-86.1a32bc02.jpg)
2021, March, 1, 10:55:00
NORD STREAM 2 SANCTIONS FOR ALL
"The US has decided to put the Nord Stream 2 project in a broader geopolitical framework and is threatening all industries or parties involved in the project with sanctions," Wintershall Dea said.
![March 2021](/cache/03-21/energy-10.3a04e7dd.jpg)
2021, March, 1, 10:50:00
GLOBAL GAS DEMAND WILL UP 50%
Natural gas will overtake coal in 2025 and become the largest global primary energy source by 2047, with oil plateauing around 2040 and then beginning its irreversible decline
![March 2021](/cache/03-21/energy-11.6f0f1509.jpg)
2021, March, 1, 10:45:00
U.S. TEXAS NEED GAS
Those essentials include power for natural gas wells, processing plants and compressor facilities, but Texas Energy Reliability Council Chairman James Cisarik said keeping natural gas flowing to power plants requires operational water, communication and transportation infrastructure.
![March 2021](/cache/02-21/storage-2.ae5d9743.jpg)
2021, March, 1, 10:40:00
ENERGY STORAGE FOR INDIA
The Central Electricity Authority (CEA) projects that solar and wind will form 51% of India’s total installed capacity, or 420GW, by 2030, with biomass and small hydro adding another 30GW, while the IEA’s India Energy Outlook 2021 says that India could add 900GW of renewable capacity by 2040.
![March 2021](/cache/02-21/energy-8.218139f9.jpg)
2021, March, 1, 10:35:00
U.S. ENERGY CYBERSECURITY
NREL said it had established the CPO to “accelerate [its] leadership in securing renewable energy technologies and distributed energy systems”