Five Wells Coming Off Confidential List; Nice Jobs Report; WTI At $82 -- August 4, 2023

Locator: 45327B. 

Jobs, link here:

• 187,000 vs 200,000
• unemployment: 3.5% vs 3.6%
• slightly above the lowest rate since late 1969
• wages rose 0.4% for the month; represents 4.4% annual pace -- both above estimates

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Back to the Bakken

WTI: $81.97

Sunday, August 6, 2023: 12 for the month; 214 for the quarter, 469 for the year
39314, conf, Stephens Williston DBA SEG Williston, Gernand 13X-32D,

 

Saturday, August 5, 2023: 11 for the month; 213 for the quarter, 468 for the year
39313, conf, Stephens Williston DBA SEG Williston, Gernand 13X-32C, 
38947, conf, Hess, BW-Rolfson-151-98-2116H-14, 

Friday, August 4, 2023: 9 for the month; 211 for the quarter, 466 for the year
39570, conf, Challenger Point Energy, Jacobsen 13-6, 
39539, conf, WPX, Two Shields Butte 16-8-7-13HA,
39480, conf, CLR, Meadowlark 12-6HSL1, 
39472, conf, Ovintiv, Newman 150-97-21-16-1H,
35018, conf, BR, Lillibridge 1C MBH,

RBN Energy: as IMO targets additional emissions reductions, LNG carriers play a role. 

Cargo ships move more than 80% of the world’s internationally traded goods, making them essential to the global economy, but they’ve traditionally been fueled by heavy fuel oil or marine gasoil, both of which are emissions-intensive. With 60,000 or so ships in service, they account for an estimated 2.8% of global greenhouse gas (GHG) emissions, a percentage the International Maritime Organization (IMO) would like to reduce. At the 80^th session of the IMO’s Maritime Environment Protection Committee (MEPC) in July, the group adopted a provisional agreement to eliminate GHG emissions from shipping by a date as close to 2050 as possible, with intermediate goals for emissions reduction by 2030 and 2040. Clearly, radical innovations will be required to meet the IMO’s goals. In today’s RBN blog, we look at some of the initiatives directed at emissions reduction in shipping and the challenges to (and opportunities for) operational improvements, especially regarding LNG carriers.