World Oil's Daily Brief Cameron Wallace, Digital Editor at World Oil
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- ニュース
World Oil's round up of the day's Oil & Gas news; just in time for your commute home.
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Russia ready to open the OPEC+ taps as the U.S. dials back its Arctic drilling plans
In this episode, World Oil editors discuss The North Face doubling down on its principled stand against well-paying American jobs, Russia wants to see OPEC+ production rise in February, and U.S. land regulators shrink Alaskan oil lease acreage.
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Biden prepares to tackle fossil fuels in the U.S. and abroad
Joe Biden's cabinet picks, and his interest in working with China to stage elections in Venezuela, will make 2021 a transformative year for fossil fuels. Wall street is already looking at ex-U.S. energy producers take up the mantle of growth from domestic shale plays, and an increasing drilling rig count suggests operators are trying to get ahead of potential new rules.
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As the world focuses on climate change targets, the Middle East doubles down on oil (with U.S. producers' help)
With the Paris Agreement's decarbonization plans suddenly not ambitious enough for the West, key Middle East producers see an opportunity, and are putting serious money down to cover their bet. In this episode, World Oil editors take a look at how ambitious renewable energy programs will depend on oil and gas technology to come to fruition, review the money moves Saudi Arabia, the UAE and Oman are making to fill the void they see Western producers leaving in the global oil market, regulatory shenanigans in Texas, and a still-climbing rig count that looks to exceed even the most optimistic recent projections.
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There's something rotten in the state of Denmark's grand energy plans
It's a tale of two cities with the EU's largest oil producer swearing off production by 2050, as OPEC+ stalwarts Saudi Arabia and the UAE grapple over who will lead the group's drive to meet the world's future oil demand. World Oil editors discuss Denmark's grand plan to lead other oil-producing nations into OPEC's pocket, and how a climbing rig count in the U.S. and Canada is already impacting 2021 crude production models.
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Internal divisions and a historic demand split complicate OPEC's oil production plans
When OPEC+ meets this week in Vienna to decide how and when to increase oil output, impatient member states, surging Libyan production, and Chinese demand splitting off from the West will create headaches for ministers. Also, World Oil editors discuss how Arctic drilling plans in the U.S. and Norway are being motivated less by economics and more by geopolitical maneuvering, and the North American drilling rig count shows strength that exceeds even the most optimistic predictions from earlier in the year.
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From chess match to street fight: The world's courtrooms are the battleground for the future of fossil fuels
In Alaska, Michigan and Norway, partisans on the left and right are sparring in the courtrooms to implement their vision for the future of energy. Operations from small shale plays to multi-billion-dollar offshore installations suddenly hang in the balance as the regulatory outlook becomes increasingly cloudy. World Oil editors discuss a few of these latest moves, and how oil companies are reacting, including:
* Trump tries to establish a foothold for drilling in the ANWR, just as Norway's Supreme Court prepares to decide on its Arctic drilling future;
* Michigan revokes a long-standing pipeline easement, with direct impact on Canada's refining capacity;
* The U.S. and Canadian drilling rig count continues its climb, and what this says about confidence in a Biden administration