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Hear Ye, Hear Ye 📢

Helmerich & Payne and Nabors Drilling rate first in select U.S. regions in EnergyPoint Research’s 2021 Land Drillers Customer Satisfaction Survey. 🎖

Congratulations to both! 🎊

Drilling contractors have faced in recent years some of the most formidable market conditions on record. Even so, leading drillers have now begun to right their ships financially, and up their performance operationally... just as customers need it most.

In 2021, customer satisfaction scores among major drilling contractors improved in several key areas—including job quality, service and professionalism, and digital and data capabilities. This helped boost ratings of companies like Independence Contract Drilling in the onshore space, and Borr Drilling and Shelf Drilling in the offshore.

This is the third in a series of posts summarizing results from EnergyPoint's recently released 2021 Contract Drillers Customer Satisfaction Survey.

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EnergyPoint Research's 2021 Land & Offshore Contract Drillers Survey Result Press release announcing 2021 Contract Drillers Survey Results from EnergyPoint Research

The world of energy is off to a busy start in the third quarter, and EnergyPoint’s Q3 2021 edition of Rope, Soap & Dope tracks some of the most interesting news items so far.

Includes insights on fossil fuel demand, oilfield supplier performance, Chile’s gamble on hydrogen, biomass’s carbon problem, Texas’s energy grid, and other issues affecting companies like BP, Eni, Newpark, Ulterra, Halliburton, Tenaris, Stora Enso, Eni, California ISO, and others.

Read it all: https://energypointresearch.com/oilfield-insights/archives/12091

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Rope, Soap ‘n Dope — Energy Insights, Q3 2021 EnergyPoint Research's most popular energy industry news and insights from the third quarter of 2021.

WSJ writes, Japan is proposing to double the share of renewable energy in its power grid and slash fossil fuels to less than half during the next decade. It represents a huge jump in carbon-cutting goals, reflecting increased international urgency around climate change.

The draft plan calls for an ambitious reboot of Japan’s nuclear fleet—the bulk of which is still offline since 2011. It also proposes building a hydrogen supply chain and includes the fuel for the first time in its proposed energy mix.

Experts say the plan will be extremely tough to execute by its deadline of 2030. And the persistence in the proposed energy mix of a significant amount of coal highlights the challenges Japan and many other countries will have in transforming their energy systems.

The proposed GHG target—a cut of 46% by 2030 versus 2013 levels—is 77% higher than what had previously pledged, and brings the country largely in line with similar goals from the EU and U.S.

Our Take: Calls for as much as 22% of Japan’s power to come from nuclear by 2030 would require it to overcome resistance to restarting the rest of its sidelined fleet. If successful, it might be the most promising development in years in the fight against climate change.

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Japan Unveils Ambitious Energy Goals Japan is proposing to double the share of solar and other renewable energy in its power grid and slash the share of fossil fuels to less than half during the next decade.

As these charts from FT show, if there's one part of the world that's dead set on making it as painful as possible on citizens for continuing to emit carbon, it's the EU. Is it sustainable?