Oil, Gas & Coal

70% of oil and gas companies have been hacked – and the threat is growing

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A survey from Siemens with the Ponemon Institute shows that most oil and gas companies were hacked last year, writes Judy Marks, CEO of Siemens USA. Data is being compromised and supplies are getting stolen, but most companies are still not taking adequate action. Marks explains how companies may protect themselves. … [Read more...]

How not to squander $130 trillion – a proposal to put carbon money in wealth funds

carbon pricing (photo The New Economy Magazine)

The proceeds from carbon pricing should be used to establish wealth funds from which current and future citizens can benefit, proposes energy and climate change economist Adam Whitmore. As all people have equal rights to the atmosphere, all should benefit from the use of this unique resource. … [Read more...]

Exclusive – Klaus Shäfer, CEO Uniper: “Security of supply is too important to leave to the market”

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The market on its own cannot be relied upon to deliver secure electricity and gas supplies, says Klaus Schäfer, CEO of Eon-spin-off Uniper, in an exclusive interview with Energy Post. According to Schäfer, it will become “dramatically more difficult” to balance the power market as the share of renewables increases. He also sees the gas market becoming “more and more complex” and argues policymakers should establish minimum requirements for gas … [Read more...]

The $200 billion fossil fuel subsidy you’ve never heard of

flood in the UK in 2007 (photo Shelly Jo)

In the United States, the official “social cost of carbon” (SCC) enters into many rules and regulations, such as fuel economy standards. According to Amir Jina, the SCC, which currently is calculated to be $36 per ton, shows that the U.S. fossil fuel sector gets $200 billion a year in hidden subsidies. The government should use the SCC to increase the carbon price, argues Jina, but the Trump administration is hardly inclined to do so. First … [Read more...]

Is President Trump headed for a war with China? 

US sends nuclear-powered aircraft carriers USS John C. Stennis and USS Ronald Reagan into South China Sea, June 2016, photo: US Navy

The brewing conflict around the South China Sea, with its large oil and gas resources, could easily turn into a catastrophic war between the US and China, writes Rajan Menon, international relations specialist at City College New York and Columbia University. Menon explains what is behind the territorial claims on the South China Sea and why it will be extremely risky for the US to try to confront China there. Courtesy of TomDispatch. … [Read more...]

Wake-up call: production of Dutch small gas fields headed for collapse

gas production in the Dutch part of the North Sea (photo Wintershall)

Partly as a result of policy neglect, production from small gas fields in the Netherlands has dramatically declined in recent years, a fact that so far seems to have escaped public notice, writes Jilles van den Beukel. Dutch gas is effectively being replaced by Russian gas, he notes. According to Van den Beukel, this is not in the best interest of the Netherlands or of the EU, neither from a financial nor from an environmental point of view. He … [Read more...]

BP’s Energy Outlook: between forecasting and advocacy

BP views the future (photo BP)

BP’s new Energy Outlook predicts ever-growing demand for oil and gas, and rising emissions that would take the world well beyond 2°C of warming. According to Greg Muttitt, Senior Advisor at NGO Oil Change International, previous Outlooks do not provide much confidence in BP’s projections, but it clearly helps BP if decision-makers believe that’s what the future holds. It looks like the forecasting value of BP’s Outlook is undermined by its use as … [Read more...]