2021

As Texas plunged into darkness last month, its power markets turned to chaos. The financial repercussions of that chaos are becoming apparent now.

The polar vortex which incapacitated much of the electric grid in Texas is gone, but the financial vortex is happening now in the state and will be around for years, if not decades.

Only a transition seen by all as being fair and equitable will command that consent, engagement and participation. We will therefore fail to make the transition if we fail to make the transition just.

The Worldwide Rig Count for January was 1,183, up 79 from the 1,104 counted in December 2020, and down 890 from the 2,073 counted in January 2020.

Brent rose 83 cents, or 1.2%, to $67.57 a barrel. WTI were up 77 cents, or 1.2%, to $64.60 per barrel.

According to the agreement, the OPEC+ alliance, which controls about half of the world's production capacity, will mostly maintain its quotas, with Russia allowed a 130,000 b/d increase and Kazakhstan a 20,000 b/d rise, while Saudi Arabia said it would continue implementing its voluntary cut

Being able to use two pipelaying vessels will speed up work on completing Nord Stream 2, which before the Fortuna resumed work had around 150 km left to lay out of a total 2,460 km of the two-string pipeline.

In advanced economies where nuclear represents the largest source of low-carbon electricity, nuclear power is losing ground, with plants closing and limited investment in new construction at the time when the world requires more low-carbon electricity.

As a reliable and carbon-free source of electricity that is available 24 hours a day, seven days a week, nuclear energy has an important role in powering the fourth industrial revolution.

Tvel said the new production facility in Elektrostal is a result of a contract signed as a part of a 2018 nuclear cooperation deal between Russia and China, which included the joint construction and operation of the CFR-600 plant.