The inevitable will occur: supply and demand will cross again and oil prices will recover, writes Dan Doyle of Oilprice.com. Doyle presents an upbeat view of the oil market – from the perspective of the oil industry. He just hopes the recovery will be orderly and not end in a mess. … [Read more...]
Whatever happened to electricity market liberalisation?
In the EU, and the UK in particular, the liberalisation of the electricity market is rapidly being reversed and replaced by old-fashioned command-and-control policies, writes Carlo Stagnaro, Senior Fellow of the Italian free market think tank Istituto Bruno Leoni. One of the main reasons for this reversal are interventionist climate policies. According to Stagnaro, who has a new book out on energy liberalisation, this trend will lead to … [Read more...]
EU takes on gas in first battle for European Energy Union
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...]
The UK’s plan to become a global centre for small nuclear reactors: can it succeed?
In addition to its plans for building four huge nuclear power stations, the UK government has also announced it wants to become a global centre for the development and manufacturing of small modular reactors (SMRs). Dan Yurman, nuclear expert and publisher of the blog NeutronBytes, assesses the UK’s plans and concludes that it could succeed, but only if the UK is able to scale up its efforts sufficiently and if the government provides active … [Read more...]
What Energy Efficiency can learn from Solar, Uber and Spotify
The “as-a-service” business model, which substitutes pay-as-you-go options for ownership  with its high upfront costs, is conquering such diverse sectors as solar panels, digital music and transport. It will also be increasingly applied to energy-efficiency projects, writes Angela Ferrante of US-based financial technology company SparkFund. The long-awaited energy efficiency breakthrough may finally be here. … [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...]
viEUws VIDEO: Top 5 EU energy priorities for next 6 months
In this special briefing, energy journalist Hughes Belin picks out the top 5 energy issues that will be discussed by the European institutions in the next six months, under the Dutch EU Presidency. 1. Gas supply: In February, the Commission is due to launch a review of the regulation on security of gas supply and of its sister regulation on security of electricity supply. The Commission will also review the EU’s information exchange mechanism … [Read more...]
Record clean energy investment despite oil price collapse – but Europe stays behind
Clean energy investment surged in China, Africa, the US, Latin America and India in 2015, driving the world total to its highest ever figure, of $328.9bn, up 4% from 2014 and beating the previous record from 2011 by 3%, according to new figures from Bloomberg New Energy Finance. However, Europe was an exception with the lowest clean energy investment since 2006. In other news the International Renewable Energy Agency (IRENA) published a new … [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...]
viEUws VIDEO: Top 5 environment priorities for Dutch EU presidency
Sonja van Renssen provides an overview of the Top 5 Environment priorities for the Dutch EU Presidency: 1. COP21 follow-up: The “Energy Union, climate and transport” is one of the Dutch presidency’s five strategic priorities overall. 2. Circular economy: The Netherlands hopes to agree conclusions with other Member States on a non-legislative action plan to make more efficient use of resources and to kick off debate on new legal definitions … [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...]
What’s new about Paris: role of the private sector to become much more important
A lot has been said about how national climate efforts under the Paris Climate Agreement will usher in a new energy future, but few have noticed another important change that COP21 heralds: for the first time non-state actors will start playing a prominent role in climate action, write Rolf de Vos and Kornelis Blok of consultancy Ecofys. The Agreement contains a number of decisions that will give private actors a semi-official status in future … [Read more...]
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