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Upstream M&A deals reached a three-year high of $181 billion in 2021, returning to pre-Covid levels
Upstream M&A deals reached a three-year high of $181 billion in 2021, returning to pre-Covid levels

AJOT | January 21, 2022 | Energy | Conventional | By The Numbers

Global upstream merger and acquisition (M&A) deals rebounded to pre-Covid-19 levels in 2021, reaching a total of $181 billion, a 70% increase over 2020, Rystad Energy research shows. The total deal value for 2021 was the highest in three years and almost reached the highs seen in 2017 and 2018 of $205 billion and $199 billion, respectively.

EIA expects U.S. fossil fuel production to reach new highs in 2023
EIA expects U.S. fossil fuel production to reach new highs in 2023

AJOT | January 21, 2022 | Energy | Conventional | By The Numbers

After declining in 2020, the combined production of U.S. fossil fuels (including natural gas, crude oil, and coal) increased by 2% in 2021 to 77.14 quadrillion British thermal units.

Mitsui O.S.K. Lines, Ltd. and Bombora Wave Power strengthen their collaboration through investment
Mitsui O.S.K. Lines, Ltd. and Bombora Wave Power strengthen their collaboration through investment

AJOT | January 21, 2022 | Energy | Alternative

MOL and Bombora has been working together to explore potential wave power projects in Japan and the across the region as well as opportunities in Europe.

South Africa’s biggest power users want more predictable tariffs

Bloomberg | January 21, 2022 | Energy | Conventional

Traders eye key trade talks that may boost Mideast oil to Korea

Bloomberg | January 21, 2022 | Energy | Conventional

Morgan Stanley sees brent hitting $100 by third quarter

Bloomberg | January 20, 2022 | Energy | Conventional | Logistics

Nuclear investments on the rise: More than $90 billion to be spent in next two years, with more coming as 52 reactors in the works
Nuclear investments on the rise: More than $90 billion to be spent in next two years, with more coming as 52 reactors in the works

AJOT | January 20, 2022 | Energy

Nuclear power can be a polarizing energy source, but as countries seek greener, low-carbon alternatives to fossil fuels, investments in nuclear are projected to soar in the coming years. Rystad Energy research indicates that $91 billion will be invested in the global nuclear sector by the end of next year as its popularity continues an upward trend in heavily populated countries such as China, India and Russia.

EIA expects US energy-related carbon dioxide emissions to increase in 2022 and 2023
EIA expects US energy-related carbon dioxide emissions to increase in 2022 and 2023

AJOT | January 20, 2022 | Energy

In our latest Short-Term Energy Outlook, we forecast that U.S. energy-related carbon dioxide (CO2) emissions will increase in both 2022 and 2023 but remain below 2019 levels. In 2020, U.S. energy-related CO2 emissions decreased by 11% as energy use declined during the onset of the COVID-19 pandemic. As the U.S. economy began to return to pre-COVID activity, CO2 emissions increased by an estimated 6% in 2021. We expect increasing economic activity, along with other factors, will result in those emissions increasing by another 2% in 2022 and remaining virtually flat in 2023.

SEA-LNG’s a view from the bridge 2021-22
SEA-LNG’s a view from the bridge 2021-22

AJOT | January 20, 2022 | Maritime | Breakbulk News | Energy

The rapidly growing order book for LNG-fuelled vessels illustrates that increasing numbers of ship owners and operators understand the environmental and climate benefits of LNG.

GE gets partial win in turbine fight against Siemens Gamesa
GE gets partial win in turbine fight against Siemens Gamesa

Bloomberg | January 20, 2022 | Energy | Alternative | International Trade

General Electric Co. won a partial victory in its bid to use a U.S. trade agency to hobble Siemens Gamesa Renewable Energy SA’s wind business in the U.S. for the next year.

Ghana plans to become West Africa’s gas hub with import terminal

Bloomberg | January 19, 2022 | Energy | Ports & Terminals

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