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...]
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...]
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...]
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...]
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...]
A presidential campaign speech from 2052
70% of electricity in the US now is generated by renewables, and natural gas from fracking is on the decline, says a presidential hopeful in a campaign speech in 2052. He promises voters that if elected he “will ensure completion of the energy transition”. … [Read more...]
Paris climate deal: not a simple end to fossil fuels
The historic agreement on climate change reached in Paris a week ago is not a simple death knell for fossil fuels. Rather, it puts renewed focus on carbon capture and storage, throws a gauntlet down to the transport sector, and raises formidable governance as well as cost challenges for developing and developed countries alike. This is in addition to necessitating changes to electricity market design and grid infrastructure to accommodate more … [Read more...]
Twilight of the Gods of Oil
For most of the past 40 years OPEC, the association of Big Oil exporters, and the Big International Oil Companies  controlled our lives, but they have started on an inevitable decline, writes solar pioneer Peter F. Varadi. Competition from renewables and smaller players as well as tighter climate polices will make their business model obsolete. According to Varadi, their corporate culture makes it unlikely they will be able to adapt. … [Read more...]
Why the Paris climate deal is a win for energy companies
The historic climate deal signed in Paris on 12 December 2015 has been embraced by many campaigners as a turning point in the fight against climate change. But energy companies should also be rejoicing. The unanimously adopted agreement provides the certainty of a long-term goal with the flexibility of carbon markets, takes a significant step towards creating a global level playing field, and promises billions in new subsidies to drive business … [Read more...]
Paris emission cuts aren’t enough – we’ll have to put carbon back in the ground
With the Paris climate deal, the world has created the mother of all take-back schemes, writes Myles Allen, Professor of Geosystem Science at the University of Oxford. According to Allen, fossil fuel companies don’t necessarily have to stop producing CO2 – they just need to be required to ensure it doesn’t end up in the atmosphere. #takebackCO2 – start tweeting it now! Courtesy of The Conversation. … [Read more...]
What Paris means for the energy sector: start of a whole new clean economy
As the UN climate talks in Paris are nearing completion, the implications for the energy sector are becoming clear. The 186 national action plans that will form the basis of an agreement really amount to clean energy investment plans, observers say. “A whole new economy will be created.” What this means for fossil fuels is uncertain. Although the term decarbonisation has been replaced by a much vaguer “emissions neutrality”,  few believe that a 2 … [Read more...]
Energiewende is easily affordable – if we don’t go 100% renewable
Researchers from Fraunhofer ISE have published a new report investigating the net cost of Germany’s energy transition. The good news is that the German government’s current goals are likely to be affordable. The bad news is that 100 percent renewable energy is less so, writes Craig Morris of the website German Energy Transition. … [Read more...]
viEUws VIDEO: Brussels Briefing on Energy for December 2015
Brussels correspondent Hughes Belin reports on the EU's first ever State of the Energy Union report, with details on achievements to date and legislative proposals to come in 2016. He notes the many challenges the internal energy market still faces, notably from national capacity markets. The European Commission has fleshed out its thinking on a new governance system for energy, including obligations for Member States. EU Energy Ministers … [Read more...]
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