Title : IMO 2020 About One Year Away -- RBN Energy -- Monday, November 26, 2018; $50-Floor Held
link : IMO 2020 About One Year Away -- RBN Energy -- Monday, November 26, 2018; $50-Floor Held
IMO 2020 About One Year Away -- RBN Energy -- Monday, November 26, 2018; $50-Floor Held
ISO New England:Break-evens:
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Back to the Bakken
Wells coming off the confidential list -- (for the Yellowfin wells, see this post -- will be updated later)
Monday, November 26, 2018:
34801, conf, Newfield, Yellowfin 150-98-6-7-8H, SIverston, a nice well; 24K first full month;
34587, conf, WPX, Grizzly 25-36HX, Spotted Horn, 30K first month reporting, unknown number of days;
Sunday, November 25, 2018:
34800, conf, Newfield, Yellowfin 150-98-6-7-7H, Siverston, a nice well; 25K first full month;
34610, conf, Petro-Hunt, Klevmoen 153-95-17C-7-1H, Charlson, no production data,
34586, conf, WPX, Grizzly 25-36HF, Spotted Horn; producing;
34254, conf, Bruin, Sadowsky 14-11-2H, producing;
34051, conf, WPX, Howling Wolf 28-33D, Wolf Bay, no production data,
33112, conf, CLR, Wiley 8-25H, Pershing, a huge well
Saturday, November 24, 2018:
34585, conf, WPX, Grizzly 25-36HY, Spotted Horn, producing;
33226, conf, CLR, Kennedy 6-31H2, Dimmick Lake, another nice Miles-Kennedy pad well;
Active rigs:
| $51.10 | 11/26/2018 | 11/26/2017 | 11/26/2016 | 11/26/2015 | 11/26/2014 |
|---|---|---|---|---|---|
| Active Rigs | 62 | 53 | 37 | 65 | 183 |
RBN Energy: how IMO 2020 may impact markets and challenge refiners and shippers.
The planned implementation date for IMO 2020 is still more than a year away, but this much already seems clear: even assuming some degree of non-compliance, a combination of fuel-oil blending, crude-slate shifts, refinery upgrades and ship-mounted “scrubbers” won’t be enough to achieve full, Day 1 compliance with the international mandate to slash the shipping sector’s sulfur emissions. Increased global refinery runs would help, but there are limits to what that could do. So, what’s ahead for global crude oil and bunker-fuel markets — and for refiners in the U.S. and elsewhere — in the coming months? Today, we discuss Baker & O’Brien’s analysis of how sharply rising demand for low-sulfur marine fuel might affect crude flows, crude slates and a whole lot more.
As regular readers of RBN’s blogs know, the International Maritime Organization (IMO), a specialized agency of the United Nations, in recent years has been implementing ever-tightening rules to reduce allowable sulfur-oxide emissions from the engines that power the 50,000-plus tankers, dry bulkers, container ships and other commercial vessels plying international waters. Earlier we explained that in January 2012, the global cap on sulfur content in bunker (marine fuel) was reduced to 3.5% (from the old 4.5%) and that on January 1, 2020 — only 13 months away — it is set to be reduced to a much stiffer 0.5%. There are even tougher standards already in place in the IMO’s Emission Control Areas (ECAs) for sulfur, which include Europe’s Baltic and North seas and areas within 200 nautical miles of the U.S. and Canadian coasts. In July 2010, the ECA sulfur limit in marine fuel was reduced to 1% (from the old 1.5%), and in January 2015, the limit was ratcheted down again to a very stringent 0.1% — a standard that will remain in force within the ECAs when the 0.5% sulfur cap for the rest of the world becomes effective on New Year’s Day in 2020.
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