No Wells Coming Off Confidential List Today -- January 12, 2021

I'm following several stories. Several posts in the past few days and updates later today:

• huge reversal on Covid from NY governor Cuomo;
• Florida and Covid
• energy crisis in Japan;
  
• freezing weather in China; 
• LNG surge in Asia;
• incomprehensible cold in Spain;
  
• Apple;
• semiconductor chips;

Fired! Philadelphia Eagles fire the coach.  

Is NDIC embargoing list of active rigs? Third day site is down.

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Apple

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Exceeded: iPhone 12 sales in China hit nearly 18 million units in 4Q20; exceeded all expectations: link here.

16% increase: Apple shipped 16% more PCs in 2020: link here.

Mad Mac! Mac shipments rise significantly inQ20 amid overall PC market growth: link here.

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Back to the Bakken

Active rigs:

• still unable to access; have no idea what this is all about; map shows 12 active rigs;
• does NDIC have an embargo on active rigs list?
  
• WTI: $52.72

No wells coming off confidential list today.

RBN Energy: refiners cut CAPX and signal shift toward renewables.

In the spring of 2020, as the COVID-19 crisis started hitting the energy sector hard, many refiners made the tough decision to dramatically cut back capital spending plans and operating costs for the year in order to weather the storm. While these cuts were swift and sizeable, they were not absolute — they couldn’t be, given that refining is a capital-intensive industry with complex assets that require seemingly constant maintenance, equipment swap-outs, and upgrades. And then there’s the added pressure that refiners also need to invest in keeping their facilities in compliance with changing environmental rules, and to consider the overall impact of investments in new, “greener” fuels, such as renewable diesel, that may help them improve their profitability going forward. Today, we look at refiner capital spending in the context of recent history and highlights some of the growth projects being pursued in the sector.

From a capital spending perspective, refiners are very different animals than exploration and production companies (E&Ps). Sure, both sectors of the energy industry require a lot of capital, but while E&Ps’ capex can ramp way up or way down year-to-year, reflecting shifts in hydrocarbon supply, demand, and (mostly) pricing, refiners’ spending tends to be more consistent over time. Why? Refiners focus primarily on maintaining existing assets and on making the incremental enhancements needed to refine new grades of crude, to expand refining capacity, and to comply with new environmental regulations.