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Oil & Gas business is fatally flawed: Russia-Ukraine only delayed the relentless decline in prices

September 21, 2023 by Clark Williams-Derry

The oil and gas producers have made windfalls off the back of Russia’s invasion of Ukraine and the consequent spikes in prices. But the return of prices to normal levels is re-emphasising the flaw in their business model, explains Clark Williams-Derry at IEEFA. The cost of producing the fossil fuels can only go up: the low hanging fruit was picked long ago, and finding and extracting new deposits gets more and more expensive. So do labour costs. … [Read more...]

Filed Under: Energy, Oil, Gas & Coal Tagged With: BP, Chevron, ExxonMobil, gas, oil, prices, Russia, Shell, TotalEnergies, Ukraine

How new and better science is driving climate litigation

February 10, 2023 by Delta Merner

Delta Merner at the Union of Concerned Scientists makes her predictions for climate litigation in 2023. There will be much more, globally. The stand out observation is that new and better science is driving the evidence, impacting the litigants and the courts. That points at major changes to the litigation landscape. More granular geographical evidence allows local litigants to more accurately make a case for connecting emissions and pollutants … [Read more...]

Filed Under: Energy, Environment, Oil, Gas & Coal Tagged With: australia, BP, Chevron, Climate, corporations, emissions, evidence, ExxonMobil, ICJ, law, litigation, Netherlands, pollutants, PuertoRico, science, Shell, US, Vanuatu

East Mediterranean gas finds: EU energy bonanza or geopolitical headache?

March 22, 2019 by Energy Post Premium

Some of the world’s largest natural gas reserves have been discovered off Cyprus. One of the questions being addressed at this year's CERA Week is, could these massive finds (totalling more than 70 trillion cubic feet!) be the answer to any perceived over-dependency on Russian gas imports to the EU? Maybe, maybe not. Geopolitical tussles could scupper the realisation of these much-needed resources for Europe. Whilst the potential is there, it may … [Read more...]

Filed Under: Energy, Oil, Gas & Coal, PREMIUM Tagged With: east mediterranean, egypt, erdogan, explorations, ExxonMobil, gas finds, geopolitics, hydrocarbons, lebanon, natural gas, Nord Stream 2, northern cyprus, republic of cyprus, rosneft, Russia, Shell, Syria, Total, turkey

A record year for big corporates buying renewable energy to run their operations

January 11, 2019 by Lily Donge and Alexander Klonick

In the U.S. 2018 set a new record for total capacity of announced corporate renewable energy (RE) purchases. Facebook, AT&T, Walmart, ExxonMobil and Microsoft top the list. This unprecedented demand has been met with robust supply from renewable energy project developers as well as from utilities, which have demonstrated their willingness to work with these buyers in finding new solutions in the market. The Rocky Mountain Institute’s Lily … [Read more...]

Filed Under: Energy, Markets, Policies, Renewables, Uncategorized Tagged With: Energy, ExxonMobil, Facebook, green tariff, Microsoft, renewable, renewable energy purchasing, Rocky Mountain Institute, USA, utilities, Walmart

Most read this week

  • EU Energy Outlook to 2060: power prices and revenues predicted for wind, solar, gas, hydrogen + more by Huangluolun Zhou | posted on December 4, 2023
  • Poland’s Coal-to-Nuclear plans move forward with U.S. partners by Matt Bowen | posted on December 5, 2023
  • Sodium-ion batteries ready for commercialisation: for grids, homes, even compact EVs by Carlos Ruiz | posted on September 11, 2023
  • 10 Carbon Capture methods compared: costs, scalability, permanence, cleanness by Ella Adlen | posted on November 11, 2019
  • Nearly 2,000 Hydrogen projects worldwide: IEA’s interactive tools give snapshot on progress, costs by IEA | posted on December 8, 2023
  • What does cutting-edge Smart Metering look like as Grids become increasingly complex? by Gridspertise | posted on November 23, 2023
  • Making solid fuel from captured CO2 (with a 96% conversion rate) by David Chandler | posted on December 6, 2023
  • Micro-nuclear reactors: up to 20MW, portable, safer by Christina Nunez | posted on April 22, 2021
  • Another chapter in Offshore Wind’s stop-go story: New York by Joseph Webster | posted on December 7, 2023
  • Improved “Solar Thermochemical” process captures 40% of the sun’s heat to produce Green Hydrogen by Jennifer Chu | posted on November 29, 2023
  • Understanding the new EU ETS (Part 2): Buildings, Road Transport, Fuels. And how the revenues will be spent by Simon Göss | posted on February 6, 2023
  • Farming Algae for Carbon Capture: new research cuts “fouling.” Scale-up in 3 years? by David Chandler | posted on June 21, 2023
  • Gravity Batteries: any nation can do it at scale using rocks by Simon Read | posted on July 27, 2022
  • What’s best for Hydrogen transport: ammonia, liquid hydrogen, LOHC or pipelines? by Herib Blanco | posted on May 5, 2022
  • Can Aluminium-air batteries outperform Li-ion for EVs? by Helena Uhde | posted on September 8, 2021
  • CBAM is now active. A guide to what companies must do to comply by Simon Göss | posted on October 27, 2023
  • Italy: 71 GWh of additional Grid Storage required by 2030 says Terna by Sara Stefanini | posted on November 28, 2023
  • Investing billions in new cross-border Electricity Transmission capacity can cover its costs within a few years by George Dimopoulos | posted on November 27, 2023
  • 5 charts show the rapid fall in costs of renewable energy by Douglas Broom | posted on November 16, 2020
  • How to manage price risk as the EU shifts from Russian Gas to Renewables by Kong Chyong | posted on December 1, 2023

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  • Another chapter in Offshore Wind’s stop-go story: New York
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        Recent Posts

        What does cutting-edge Smart Metering look like as Grids become increasingly complex?

        Nearly 2,000 Hydrogen projects worldwide: IEA’s interactive tools give snapshot on progress, costs

        Another chapter in Offshore Wind’s stop-go story: New York

        Making solid fuel from captured CO2 (with a 96% conversion rate)

        Poland’s Coal-to-Nuclear plans move forward with U.S. partners

        EU Energy Outlook to 2060: power prices and revenues predicted for wind, solar, gas, hydrogen + more

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