BP, Wood, Subsea 7 among new additions to gender diversity coalition
Energy firms BP, Wood and Subsea 7 are among six new companies joining a coalition to improve gender diversity and inclusion across the industry.
energy
SVPs for strategy of Edison International & NRG Energy join Reuters Events ‘Reshaping Energy’ webinar
Reuters Events - today announced the second episode in a new three-part broadcast on Energy Transition. The future energy system will mark a radical overhaul of the energy business ecosystem, with traditional industry diving lines set to be blurred. Speed and timing will be crucial for those looking to stay on the right side of the transition.
Singapore’s minister for trade & industry, Chan Chun Sing to officially open Gastech virtual summit
Singapore’s Minister for Trade & Industry, Chan Chun Sing, will open the Gastech Virtual Summit 2020.
California doomed to frequent blackout risk by battery shortage
As the threat of blackouts continues to plague California, officials are pointing to battery storage as a key to preventing future power shortfalls. But the Golden State is going to need a lot more batteries to weather the next climate-driven crisis—let alone to achieve its goal of a carbon-free grid.
Retaining start-ups in north-east will have “transformational” effect on jobs in energy industry
Encouraging start-up companies to remain in the north-east will have a "transformational" effect on jobs creation in the energy sector, according to an industry expert.
Total agrees deal to sell Lindsey refinery
Total has signed an agreement to sell the Lindsey refinery to independent British conglomerate Prax Group.
How smaller firms could adapt to survive challenging energy industry times
The future of the energy industry landscape has long been up for debate, and the effect of COVID-19, combined with the dramatic global oil price crash and its detrimental impact, has brought this to an unparalleled level.
Aberdein Considine announces new partner
Employment law expert Nicola Gray has rejoined Aberdein Considine (AC) as a partner after a seven-year spell at rival legal firm Mackinnons.
WATCH: Shell plant manager explains post-Covid oil economics with sketches
Teresa Waddington, Shell's plant manager for the Fife NGL Plant, has used her animation skills to create a short video about the economics of oil and gas as society comes out of the Covid-19 lockdown. Check it out above.
UK energy sector needn’t curse ‘interesting times’
The apocryphal Chinese curse ‘may you live in interesting times’ could well apply to the current situation within the oil and gas sector.
Decommissioning: beyond the challenges of oversupply, pandemic and recession
After weathering the storm that was the price collapse of 2014, the oil industry has again been hit in recent months by two new blows almost simultaneously: oversupply (caused by the failure of negotiations between Saudi Arabia and Russia to agree on production cuts and the aggressive response of the former); and a demand shock (reflecting the economic impact of the Covid-19 lockdown).
How energy companies can respond now and plan for the future
Energy companies are used to weathering disruption of all kinds. And during this incredibly challenging time, we are now more than ever relying on them for the safe access and delivery of power, gas, water and other essential services. As governments around the world enact drastic measures to slow down transmission of the COVID-19 outbreak, energy companies are facing multiple challenges: from the health and well-being of employees to disruption in the supply chain and from working capital shortages to complete closure of operations. They have also been squeezed by a big drop in demand for both oil and natural gas, which has led to lockdowns, a collapse in industrial activity and travel bans all over the world. Oil prices have been sent crashing to their lowest level since 2001, while gas demand has fallen by as much as 20% in some cases.
‘Hard to take’: ONS 2020 cancelled
A popular energy sector conference and exhibition in Stavanger, Norway, has been cancelled this year due to the Covid-19 outbreak.
5G used to develop new energy systems on Orkney
Researchers are using 5G communications technology to create a simulator system aimed at inspiring businesses and residents to get involved in the development of new energy systems in Orkney.
Employment lawyers call out ‘grey areas’ of coronavirus furlough scheme for oil and gas
Employment lawyers have criticised a lack of clarity in the government’s coronavirus jobs retention scheme, highlighting it is unlikely to prevent “difficult decisions” for the oil and gas sector.
Still ‘tough’ times ahead for North Sea firms despite global 10m barrel reduction deal, Prof Kemp says
North Sea firms still face “very tough” times despite the Opec cartel and its allies striking a landmark deal to reduce output by almost 10 million barrels of oil per day, a top petro-economist has said.
Energy companies urged to prepare now for new UK work visa rules
The UK’s new points-based immigration system from January 2021 will impact how energy businesses recruit, onboard and retain non-UK workers at all levels of skill and experience.
DNV GL appoints new chief financial officer
Energy consultancy and international risk management firm DNV GL has appointed a new chief financial officer.
CERAWeek energy summit cancelled over coronavirus
One of the world’s largest and most important energy industry gatherings was cancelled by organiser IHS Markit Ltd. on Sunday amid mounting concerns about the coronavirus outbreak. It was due to start March 9.
Sale of most polluting wood and coal burned at home to be phased out
The sale of the most polluting fuels burned in household stoves and open fires will be phased out from next year in England to clean up the air, the Government has said.
Three energy firms pay £10.5m over August power cuts – what can we learn?
Ofgem has published its report on the electricity disruption which occurred on the 09 August 2019 resulting in supply being lost to over one million customers for a total period of 45 minutes.
Energy supplier Bulb aims for 100m customers by 2030
The chief executive of energy challenger Bulb said that growth is front and centre as he tries to reach 100 million households around the world by the end of the decade.
Campaign to help people with soaring energy bills
A major campaign to help individuals and families struggling with their energy bills will be launched across the country today.
Failed suppliers, a price cap and the fall of the Big Six
After nine failed suppliers, major takeovers and a price cap on bills, the energy sector has faced another bruising year which seemed to mark, once and for all, the end of the Big Six.
The lost decade: energy stocks seek relevancy as investors flee
It’s been a tough run for energy stocks.