Asia needs $3 trillion of energy investment
Delegates attending the virtual Future Energy Asia conference today heard how Asia is expected to need nearly $3 trillion of cumulative energy investment to realise a sustainable pathway by 2040.
energy
Island hub explores role of hydrogen in net-zero future future
Developing clean energy technologies and bringing them to market in Shetland is the focus of a new project recently funded by the Scottish Government and led by the Net Zero Technology Centre (NZTC)
China’s new oil giants flourish in Xi’s clean energy wave
China’s newest oil refiners are thriving by aligning themselves with President Xi Jinping’s vision, expanding even as their older rivals and several other private businesses have been reined in by Beijing.
Ex-Scottish Enterprise energy chief returning to quango as chief executive
A former Scottish Enterprise (SE) head of energy has been appointed to lead the economic development quango as chief executive.
Burness Paull eyes energy growth with appointment of sector expert
Law firm Burness Paull is targeting growth for its energy business after pulling off a “coup” with the appointment of Bob Ruddiman.
How long can oil & gas keep putting off digitalisation?
In the face of significant challenges, the oil & gas sector needs to embrace digitalisation and increase the pace of change to survive the decade ahead.
Addressing the Great Crew Change for oil and gas
The skills deficit in energy is a source of concern that has increased rapidly for employers. With global authorities cementing their commitment to reaching net zero targets by 2050 at the latest, the pressure is on for energy companies to deliver against substantial sustainability targets. But a dearth of trained resources has the potential to hinder this growth.
Australia, Japan and Vietnam lead renewable energy shift in Asia Pacific
Australia, Japan and Vietnam are leading the shift to renewable energy in Asia Pacific, according to the latest research from IHS Markit. Significantly, coal and gas power plants are also being built at a brisk pace as part of the energy mix across the region.
Chinese energy firms set to benefit from Myanmar turmoil
There is a high risk that political turmoil in Myanmar will negatively affect the energy sector, however, Chinese companies look set to benefit from the tumultuous environment, according to Fitch Solutions Country Risk & Industry Research.
Expect any Biden climate plan to have big impact on energy sector
The Joe Biden climate plan, Energy sector experts breakdown what to expect as the new US President looks to change the country's climate change stance.
What’s ahead under President Biden, industry by industry
Now that the campaigning is over, the work begins for Joe Biden to start making good on the policy changes he promised. Here’s a breakdown of how a Biden presidency may affect some two dozen U.S. industries and what might rise to the top of his agenda as he takes over from Donald Trump in January. A few giant tech companies -- practically industries unto themselves -- are included for good measure.
Global supply chains in a post pandemic world – dealing with disruption in the energy sector
This article is intended as a quick legal guide of some key points for busy Energy executives who need to manage business risk exposure when global supply chains are disrupted.
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.
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.