The top oil and gas tweets were chosen from influencers as tracked by GlobalData’s Influencer Platform, which is based on a scientific process that works on pre-defined parameters. Influencers are selected after a deep analysis of the influencer’s relevance, network strength, engagement, and leading discussions on new and emerging trends.
Top tweets on oil and gas supply in Q2 2021
1. Michael E. Webber’s tweet on lack of natural gas supply leading to power blackouts in Texas
Michael E. Webber, professor of mechanical engineering at the University of Texas at Austin, tweeted on the failure of Texas lawmakers to confront the major cause of blackouts in the state. He shared an article that identified lack of natural gas supply to power plants as the main reason behind the deadly blackouts in Texas in February.
The freezing temperatures in Texas caused the failure of equipment needed for the processing and transportation of natural gas, leaving power plants without enough fuel. The state lawmakers and the natural gas industry, however, are denying this fact stating that natural gas infrastructure was unaffected by the freezing temperatures. The article noted that policies aimed at storing natural gas on site at the power plants can address some of these problems.
Further, the government to yet to take steps to weatherise and strengthen the natural gas infrastructure to cope up with the next big freeze. Although blackout response bills were introduced in the Senate, they were pushed owing to pressure from the natural gas industry except one bill, which aims to create mandatory weatherisation standards. Industry experts, however, opine that the bill may not be strict enough to make companies adhere to the standards.
Absolutely incredible. The Texas Legislature is unwilling to tackle the root cause of the energy crisis in February. The gas system gets a pass on expectations to winterize and ends up holding the bags of cash at the end. https://t.co/SSHQsVyelL
— Michael E. Webber (@MichaelEWebber) May 14, 2021
Username: Michael E. Webber
Twitter handle: @MichaelEWebber
2. Caner Can’s tweet on Turkey’s energy import bill
Caner Can, energy advisor for Turkey’s Ministry of Foreign Affairs, tweeted on the country’s energy import bill in 2020 vs 2019. He noted that the energy import bill stood at roughly $29bn in 2020 compared to $41bn in 2019 whereas the natural gas import bill was $9.2bn in 2020 as compared to $13.1bn in 2019.
Can also tweeted an article on a giant offshore natural gas discovery made in the Black Sea. The field is estimated to hold 320 billion cubic meters (bcm) of natural gas and is worth $80bn as per the current market value, according to Fatih Birol, the executive director of International Energy Agency (IEA).
Birol added that an investment of $6bn is required to bring the field into production. The development of the field has the potential to reduce Turkey’s natural gas import bill as the country is highly dependent on gas imports, the article highlighted.
Turkey’s energy import bill stood at ~$29 billion in 2020 (~$41bn, 2019) or 13% of total imports (20%, 2019). Turkey’s natural gas import bill was ~$9.2bn in 2020 (~$13.1bn, 2019). Each molecule of gas discovered in these beautiful lands will matter! 🇹🇷#TurKEYforEnergy #ongt pic.twitter.com/L4ca6da1mz
— Caner Can (@hcanercan) June 4, 2021
Username: Caner Can
Twitter handle: @hcanercan
3. Jesse Jenkins’ tweet on upstream methane emissions
Jesse Jenkins, an assistant professor at Princeton University, tweeted on how utilities should hold upstream natural gas producers responsible for reducing leaks and emissions. He referred to an article on an agreement made by electricity and gas utility Xcel Energy to purchase low-emissions gas in Colorado.
Xcel Energy agreed to purchase natural gas that is produced under strict greenhouse emissions controls as part of its goal to become 100% carbon-free by 2050. The agreement makes the company one of the first utilities to adopt certified lower-carbon gas. Colorado-based oil and natural gas company Creston Peak Resources will supply the gas, which will be certified by Project Canary, an international environmental standards company.
This is notable. An important buyer side signal to gas producers to clean up their act. Upstream methane emissions are a big deal. We're not stopping gas use tomorrow. In meantime, utilities should be putting maximum pressure on upstream gas to reduce leaks as much as possible. https://t.co/U5tY5BwBz6
— JesseJenkins (@JesseJenkins) May 14, 2021
Twitter handle: @JesseJenkins
4. Amena Bakr’s tweet on Aramco’s deal with EIG Global Energy Partners
Amena Bakr, deputy bureau chief and chief OPEC correspondent at Energy Intelligence, a website providing news and data on the energy sector, tweeted on Saudi Arabian Oil Company’s (Saudi Aramco) share sale and purchase agreement with a consortium led by EIG Global Energy Partners. The consortium will acquire 49% stake in Saudi Aramco’s subsidiary Aramco Oil Pipelines Company (AOPC) for $12.4bn under the agreement.
AOPC and Saudi Aramco have signed a 25-year lease and leaseback agreement for the latter’s stabilised crude oil pipelines network as part of the transaction. Aramco will retain 51% majority stake in AOPC, which will be eligible to receive a tariff from Aramco for the supply of stabilised crude oil.
#Aramco has signed a deal with a consortium led by EIG Global Energy Partners (“EIG”), an energy infrastructure investor, to optimize its assets through a lease-and-lease-back agreement involving its stabilized crude oil pipeline network. #OOTT #SaudiArabia
— Amena Bakr (@Amena__Bakr) April 10, 2021
Username: Amena Bakr
Twitter handle: @Amena__Bakr
5. Giovanni Staunovo’s tweet on global crude oil supply gap
Giovanni Staunovo, a commodity analyst at UBS, a financial services firm, shared a tweet analysing a survey conducted by Federal Reserve Bank of Dallas on the possibility of a global crude oil supply gap in the next two to four years. A majority 76% of the respondents in the Dallas Fed Energy survey agreed that there will be substantial gap in the supply of crude oil in the next few years.
The remaining 24% of the respondents voted that there will be no gaps in crude oil supply in the next two to four years. The survey was conducted between 09 June 2021 and 17 June 2021 and was answered by executives from 140 oil and gas companies.
Do you believe there will be a global crude oil supply gap in the next two to four years?
Seventy-six percent of executives said they believe there will be a global crude oil supply gap in the next two to four years.
— Giovanni Staunovo🛢 (@staunovo) June 23, 2021
Username: Giovanni Staunovo
Twitter handle: @staunovo