2021

In August the UK went just 3 days without any coal use being in the energy mix something that has raised eyebrows among critics of the government’s green energy and NetZero emissions targets.

The Merger creates a regional champion of size and scale, with a pro-forma market capitalisation of approximately A$21 billion

U.S. Rig Count is up 6 from last week to 503 , Canada Rig Count is down 9 from last week to 143.

Brent rose $1.20, or 1.7%, to $72.65, WTI was at $69.19, up $1.05 or 1.5%.

On Sept. 6, Gazprom said that pipelaying work on the project had been completed and commercial operations are expected to begin before the end of 2021. Nord Stream 2 includes two strings of 27.5 Bcm.

The MBIR is a 150 MWt, sodium-cooled fast reactor and will have a design life of up to 50 years.

We expect Brent prices will remain near current levels for the remainder of 2021, averaging $71/b during the fourth quarter of 2021 (4Q21). In 2022, we expect that growth in production from OPEC+, U.S. tight oil, and other non-OPEC countries will outpace slowing growth in global oil consumption and contribute to Brent prices declining to an annual average of $66/b.

Nuclear generation capacity is expected to grow by 2.6% annually, reaching 615 GWe by 2040

China has unveiled a plan to expand its pumped-storage hydropower capacity to 62 GW in 2025 and 120 GW in 2030.

U.S. commercial crude oil inventories decreased by 1.5 million barrels from the previous week to 423.9 million barrels.