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Opinion

Opinion

Facing a gas supply crunch, Europe must drop old habits and start simplifying its response

The loss of Russian gas supplies has led to a supply deficit in Europe which is likely to last over the coming three to four years and sustain higher gas prices. To avoid the long-term deindustrialization of Europe and the impoverishment of millions of citizens, Europe needs an energy security plan that looks beyond public support, energy savings and renewable electrification only.

Opinion

2023? It can’t be any more dramatic than last year…

The supposed dying days of oil and gas have been surprisingly profitable, but not necessarily investible. The energy market has been tossed up and down, first by the COVID-19 pandemic and now, in 2022, by the war in Ukraine.

Opinion

Political will more important than goodwill this festive season

When asked to put together my reflections of the year gone and predictions for the year to come, I felt depressed. The line, “you couldn’t make this up” was foremost in my mind - no festive cheer I’m afraid, it is a depressing picture.

Opinion

Apollo to support a decarbonised future in 2023 and beyond

The energy trilemma of energy security, energy affordability, and energy sustainability can seem an impossible balance. At Apollo we want to achieve a sustainable, decarbonised future – for the industry, for the planet, and for everyone. We know it’s not enough to just talk about sustainable energy. Technology. Practical solutions. Innovation. It's that mix that will make it happen. It's complex, but that’s what we’re good at in Apollo!

Opinion

Can the oil and gas sector win friends and influence people in 2023?

In late 2022, I attended the World Energy Capital Assembly in London, where leading energy executives, financiers and investors gather to look at the future of the oil and gas industry. Coming at the tail end of a year largely characterised by doom and gloom – war, and political and economic uncertainty – it offered a chance to gauge the mood of the sector.

Opinion

Big developments ahead for the UK offshore wind sector

As 2022 draws to a close, the offshore wind sector in the UK stands at a hugely important inflection point, as we both acknowledge the remarkable story of success we’ve seen, but also consider the innovative solutions needed if we are to meet the challenges ahead.

Opinion

By prioritising relevant delivery experience, we can create the energy leaders of the future

2022 has been a massive year for the energy sector, and I don’t say that lightly. It is an industry founded on commercial and technical ingenuity. An industry which repeatedly rises to the challenge. The most recent challenge is the balancing act between energy security, climate change, social justice and the rising cost of living on the global agenda.

Opinion

A challenging year for African M&A

The continent’s two biggest oil producing nations have made recent reforms to their upstream regulatory regimes, which were been long awaited and the changes largely well received.

Opinion

UK won’t hit net zero by 2050 on current course: DNV

The UK is going through a transition that will transform today’s energy system, writes DNV's Hari Vamadevan, but not sufficient to meet its 2050 Net Zero emissions commitments

Opinion

Key trends in UK renewables and what to expect in 2023

All aspects of renewable electricity generation in the UK are currently affected by policy uncertainty. The UK government’s stated policy goals are to decarbonise electricity generation through increased deployment of offshore wind, carbon capture utilisation and storage, hydrogen and nuclear.

Opinion

Turning up the dial on the energy transition

We are heading into another challenging 12 months for the energy sector. The impact of the coronavirus pandemic, shrinking economies, severe weather events and geopolitical shocks, namely Russian’s invasion and occupation of Ukraine, are being felt keenly.

Opinion

What does 2023 hold for the flexible workforce?

2022 brought a huge amount of turbulence: from the energy crisis triggered by war in Ukraine to legislative U-turns and windfall tax increases creating uncertainty over investments in the North Sea.

Opinion

A windfall of unintended consequences

What are ‘historically more normal prices’? Through 2022 the Brent oil price averaged about $100 a barrel (bbl), up around 40% on 2021. This follows a volatile 12 months where prices started the year at $78/bbl, reaching a peak of $130/bbl in March following Russia’s invasion of Ukraine.

North Sea

The oil and gas year in review

2022 has been a year of challenge with the effects of the Covid-19 pandemic still impacting markets and the war in Ukraine affecting so many. Consequences of such a tumultuous year include the energy supply crisis, the fluctuation in commodity prices, the cost-of-living crisis and the onset of recession, which are all inextricably linked.