The European Commission is heading for a full-on confrontation with Member States with a new set of proposals on gas security of supply: Â a fresh attempt by Brussels to impose a truly European policy. According to leaked drafts obtained by Energy Post, the Commission will demand more oversight on gas deals with foreign countries and suppliers, and look to replace national gas policies with regional ones. There will also be a first-ever LNG and … [Read more...]
Why the new Saudi oil policy is likely to succeed
Many observers have been surprised by the willingness of Saudi Arabia to let the oil price collapse. But according to geophysicist and former geoscientist at Shell, Jilles van den Beukel the policy of the Saudis makes perfect sense. What is more, it is likely to succeed. … [Read more...]
Connect North Sea oil and gas platforms to offshore wind farms to produce green gas
Abandoned oil and gas platforms in the North Sea can be profitably converted into production and storage units that convert electricity from offshore wind farms into hydrogen and synthetic gas. That’s the main finding of a new study carried out by the Dutch Energy Delta Institute (EDI). A positive business case can be made for this application if the gas can be sold to a dedicated niche market for green gas, e.g. the chemical industry or the … [Read more...]
UK government must save North Sea oil and gas sector
The UK government is abandoning the North Sea oil and gas sector to its fate, despite the fact that there is still enough oil and gas in place in the region to generate the same amount of revenue that has been reaped up to now, argue Alex Russell and Peter Strachan of Robert Gordon University. They advocate that full control of energy and oil within the Scottish section should go to the Scottish government, so that at least this part can be … [Read more...]
My 2016 energy predictions: US oil and gas production will decline, Hillary new president
US oil production will decline for the first time in 8 years, US gas production for the frist time in 11 years, the oil price will bounce back to $60 – and Hillary Clinton will become the next US president. Robert Rapier, Managing Editor & Director of Analysis at Energy Trends Insider, announces his predictions for 2016. … [Read more...]
Interview Christoph Frei, Secretary General World Energy Council: “The key message from Paris: be part of the innovation frontier”
The key message of the Paris Climate Agreement is that the energy sector should be part of the drive towards renewable energy and part of the “innovation frontier”, says Christoph Frei, Secretary-General of the World Energy Council, the largest global network in the energy business, with member committees in over 90 countries. “The long road from Paris is to build on the best technology, to develop and deploy innovation. If you are not on the … [Read more...]
The oil pricequake will doom the global political order
Given the centrality of oil and oil revenues in the global power equation, it is inevitable that depressed oil prices will doom the current global political order, writes Michael T. Klare, a professor of peace and world security studies at Hampshire College. Political turmoil is already raging across the oil heartlands of the planet – and the tremors from the oil pricequake have yet to reach their full magnitude, notes Klare. … [Read more...]
How realistic is the UK government’s promise to phase out coal?
The conservative UK government boosted its climate credentials last year with its promise that all coal plants will be shut down by 2025. However, notes Mike Parr of consultancy PWR, this ignores certain inconvenient facts that will make delivery of this promise unlikely. … [Read more...]
Gasland EU: upcoming energy security package is all about gas
The European Commission’s first big energy initiative in 2016 will be a “winter package” on energy security, due in February. This will revise EU legislation on security of supply for gas and electricity, propose to give the Commission a greater role in international gas buying deals and set out new strategies for LNG and energy storage, and heating and cooling. Sonja van Renssen explains what’s at stake. … [Read more...]
Let’s not kid ourselves: curbing carbon and stopping smog are not the same
There is a widespread belief that stopping smog will also reduce carbon emissions, or vice versa, that reducing carbon emissions will reduce air pollution. But according to Christopher Sellers, professor of history at Stony Brook University in the US, this is a mistake. Experience in the US shows that taming air pollution actually made it possible to burn more carbon. … [Read more...]
How OPEC could regain control of the oil price
The US shale revolution effectively sidelined OPEC’s control over global oil prices. However, with a large number of new non-OPEC projects cancelled, spare capacity in the market reaching very low levels and demand continuing to grow, power is shifting back to the cartel again, notes Geoffrey Styles, Managing Director of GSW Strategy Group in the US, on his Energy Outlook blog. If OPEC decides to cut output in 2016, writes Styles, the oil price … [Read more...]
Oil shortage possible “within a few years”
OPEC warns that huge investment is needed to ensure that future oil and gas production will be sufficient to meet demand, writes Nick Cunningham of Oilprice.com. If this is not forthcoming, the oil price may spike again, setting in motion another destructive commodity cycle. … [Read more...]
The End of the Oil Age and other great stories
We reveal our most popular stories of 2015. They reveal what is preoccupying our readers the most. Yes, it’s all about the End of the Age of Oil – and the beginning of something new. … [Read more...]
Gas galore – Europe to become “dumping” market for global gas supplies
From Australia to the US, from the Middle East to the Mediterranean, new projects are being planned to bring natural gas to the European market. This supports the EU’s goal to create a competitive integrated European gas market. But will there be enough demand for all that gas, Energy Post’s editor-in-chief Karel Beckman wonders? And what role do our policymakers want gas to play in the low-carbon economy? … [Read more...]
Buying Vattenfall’s lignite business could be a risky bet
Vattenfall is currently looking for a buyer for its German lignite assets. However, any potential investor faces a high risk that they will find themselves forced to wind down the business before earning back their investment, write Julian Schwartzkopff and Sabrina Schulz of international environmental organisation E3G. In this article, a shortened version of their new report Vattenfall’s Lignite Business – a Risky Bet for Investors, they explain … [Read more...]
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