No Wells Coming Off Confidential -- May 25, 2021

Active rigs:

$66.11	5/25/2021	05/25/2020	05/25/2019	05/25/2018	05/25/2017
Active Rigs	19	14	65	65	50

No wells coming off the confidential list. 

RBN Energy: LNG's role in decarbonizing the shipping industry, part 2. 

IMO 2020, the mandate that ships plying most international waters slash their sulfur emissions starting in January of last year, was only another step in the International Maritime Organization’s long-running effort to ratchet down the shipping industry’s environmental impact. 

The group’s next focus, as you might expect, is reducing shippers’ carbon footprint — while no specific rules have been set, the IMO in 2018 laid out the goal of cutting ships’ carbon dioxide emissions by 40% from their 2008 levels by 2030. One way to move toward that goal would be fueling more ships with LNG, which emits 20-25% less CO₂ than very low sulfur fuel oil. But as we discuss in today’s blog, shippers could augment those emission reductions by moving from the LNG trade’s traditional point-to-point model to optimization through cargo swapping.