Other News

Energy companies on cyber-attack alert

Energy companies on cyber-attack alert

Britain’s main energy sector executives were warned last month to increase their inspections of blackouts throughout the country, as significant periods of disruptions could be a signal of a cyber attack. Although infrastructure companies are on constant alert for such attacks, fears have been raised over Russia’s ability to disrupt […]

Trump considering a cold war statute to support coal industry

Trump considering a cold war statute to support coal industry

The Trump administration is considering using a Cold War statute to help support the coal industry, with officials stating that homeland security is “inextricably tied” to a secure energy supply. The administration is looking into the use of the 68-year-old Defence Production Act, first passed during the Korean War to […]

IMF forecast oil to drop below $60

IMF forecast oil to drop below $60

The International Monetary Fund (IMF) has forecast the average price for Brent next year to drop down to $58.24 a barrel in comparison to this year’s projected $62.31, with prices expected to continue to fall to $53.6 a barrel by 2023. The forecasts from the IMF’s World Economic Outlook report […]

Speyside communities short changed by EDF wind payments

Speyside communities short changed by EDF wind payments

Communities across the Speyside area in Scotland have claimed they are being short changed by £16 million by EDF Energy over the Dorenell Wind Farm being built. Under Scottish Government guidance, communities are entitled to annual payments of £5,000 per megawatt of energy produced, however EDF are only offering £2,000 […]

Kuwait: OPEC could discuss deal extension in June

Kuwait: OPEC could discuss deal extension in June

Kuwait’s Oil Minister Bakheet al-Rashidi said OPEC and its allies that are part of the oil supply curb deal will discuss whether or not to extend the deal beyond its current end date at the latter part of 2018. At the Kuwait Oil and Gas Summit, al-Rashidi said: “The agreement […]

New report highlights vulnerability of UK energy supplies amid coal phase-out

New report highlights vulnerability of UK energy supplies amid coal phase-out

A new report has found that Britain cannot depend on gas imports from Europe during cases of extreme weather, highlighting that the UK’s energy supplies have become vulnerable to market volatility. The extreme weather Britain faced in the beginning of March, nicknamed the “Beast from the East”, saw wholesale prices […]

Serica Energy to complete deal for BP assets

Serica Energy to complete deal for BP assets

Serica Energy has said work is “well underway” to complete its acquisition of BP’s Bruce, Keith and Rhum (BKR) assets in the North Sea, after increasing is pre-tax profits from £2.3 million in 2016 to £7.6 million last year. The deal was first announced in November, with £12.8 million to […]

North Sea pioneer says licensing auction could revive exploration

North Sea pioneer says licensing auction could revive exploration

Algy Cluff, who took part in the discovery of the Buchan field discovery in the 1970s, has said that the latest offshore licensing auction could help revive exploration and farm-out activity. According to Cluff, the 30th licensing round, that will offer over 800 blocks, could be a catalyst to encourage […]