The year ended with exciting headlines about wind power having generated more than 100% of Scotland’s electricity requirements on 20 out of 30 days in November.
A year and a half ago, The Economist ran an article entitled “The world’s most valuable resource is no longer oil, but data”.
Like the temperature over the past three months, we have seen a dramatic plunge in the oil price index. So much so, it has left many asking if the oil and gas industry is suffering from a slight touch of winter flu, or, as others perceive, the start of a life-threatening illness.
This promises to be a weird year, one where massive uncertainties abound; any one of which could derail current efforts to sustain substantial oil and gas output from the UK Continental Shelf.
It has been a very positive 12 months for Aberdeen Renewable Energy Group (AREG) as we have seen our membership rise with an increase in the number of companies supporting both the offshore wind, wave and tidal sectors.
With recent reports of several new development plans on the horizon for Norway, the Norwegian energy industry is anticipating a promising three to four years of activity ahead. Wider areas of Norway are now being explored, including the West Barents Sea, and discoveries such as Johan Sverdrup and the extension of the Norne field by the Cape Vulture discovery, along with the Johan Castberg, will require new thinking and, in turn, attract new companies to enter the market.
The energy sector has historically shown strong commitment to employing apprentices.
This cold New Year’s week brought news that LNG imports to the UK in December were at their highest level in more than three years, with more LNG arriving in the fourth quarter of last year than in the rest of the year combined.
We’ve all done it – sat in conferences, listening to inspiring keynotes, making notes about things you know will change how you work, how happy and motivated your workforce will be, how much money you’ll make.
Oil prices regained more ground on Wednesday, pushed higher after equity markets rebounded from an initial selloff at the start of 2019 trading.
2018 saw us celebrating the successful culmination of The Oil & Gas Technology Centre’s (OGTC) inaugural technology accelerator programme, TechX Pioneers.
If high levels of safety and environmental protection in the subsea oil and gas sector are to be maintained, then understanding the risks involved is more important than ever. That was the view highlighted by the Bureau of Safety and Environmental Enforcement (BSEE) in 2016.
I often speak to people who are concerned about how long the oil industry will last and have the misconception that its demise is just around the corner.
We have 12 years to clean up our carbon act on a global scale or face catastrophic climate change: that was the stark warning from the IPCC in October.
The reduced oil price over the last 2 months (down 20%) is worrying, and it looks like the price could be between $55 and $65 this year.
It’s a cliché to say that the past year has been one of highs and lows, but in a dynamic industry like renewables it’s a statement that’s rarely wrong.
In last year’s end of year opinion piece for Energy Voice, I talked about the realignment of the oil and gas industry. I opined that the sector is not in a cycle as we know it, but rather, in a shift of mentality to one that is nimbler, more innovative in attitude with plenty of upside potential.
The downturn in the oil and gas industry has been well documented but the upside – and there is one - has been the incredible amount of work that is taking place in Aberdeen in supporting and nurturing a new generation of tech start ups who have the potential to ensure the UK has a sustainable hydrocarbon industry for years to come.
In our Solar Wars series of articles we considered the numerous claims brought against Spain, Italy and other EU Member States under the Energy Charter Treaty (ECT), brought by investors following the curtailment of those states' renewable incentive schemes.
You may be relieved to know that this is not an article about Brexit. However, every cloud has a silver lining - because the last six months of Brexit-related debate have in fact seen the UK’s ports sector attract an unusual amount of political, and therefore public, attention.
At this time last year, I commented in this column about what 2018 might look like for the UK oil and gas industry.
There is a burgeoning sense of optimism sweeping the sector and the market feels much stronger than it did 12 months ago. The industry is definitely starting to recover and rebuild itself following three years of weak prices and significant cost pressures.
The offshore industry has faced some extremely challenging times in recent years.
While the oil price has fluctuated in 2018, the North Sea Basin has continued its steady recovery demonstrating it can still compete with lower cost regions around the world.