Natural Gas

Aerial file photo dated 21/04/2004 of Drax power station in Selby, North Yorkshire.  The revival of coal as a fuel source was underlined when the UK's largest coal-fired power station smashed expectations for its annual profits, Wednesday March 8, 2006

High demand for gas will push prices up by the 2020s

New research has shown that coal power will continue in the UK until the 2020s. The research from Aurora Energy Research has shown that coal will make a come back in the UK due to its affordability relative to gas. The research shows that rising global demand for gas will […]

Gazprom becomes top energy company

Gazprom becomes top energy company

Exxon Mobil is no longer the top global energy company according to Platts. In the 2017 S&P Global Platts Top 250 Global Energy Company Rankings Exxon fell from 12 consecutive first places to ninth place. Gazprom, the Russian state owned gas giant took the top place. This is measured across […]

Oil rigs moored in Cromarty Firth. Invergordon, Scotland, UK

North Sea report clashes with oil industry

A report casting doubt over the longevity of north sea reserves has been contested by Oil and Gas UK. The report was published in The Edinburgh Geologist and said that only 10% of the North Sea’s extractable oil and gas remained. The chief executive of UK Oil and Gas Dierdre […]

The UK’s oil and gas sector is part of a competitive global market

The UK’s oil and gas sector is part of a competitive global market

The UK is part of a competitive market for energy investment.  The oil and gas industry in the UK is facing competition for investment from across the globe according to the managing director of Statoil Production UK. Speaking at the launch of a report by Oil and Gas UK the […]

Netherlands, North Sea, 06-10-2014.
Wintershall Platform F16 A in the North Sea near Den Helder: Platform 16A,  inbound.
Foto: Olivier Middendorp

North sea oil and gas start-ups highest in a decade

Oil and gas startups in the North Sea are on course to reach their highest in a decade, despite heavy criticism of the Scottish government’s handling of the industry. Fourteen projects with combined production of 230,000 barrels a day will commence this year. The data comes from Wood Mackenzie Ltd […]

UK to close major natural gas storage site

UK to close major natural gas storage site

The UK’s largest natural gas storage site is due to be closed, in a move which will raise serious questions about the security of the UK’s energy supply. Centrica announced that it would be closing its Rough storage site off the Yorkshire coast in June. The Energy & Utilities Alliance […]

FILE - This Wednesday, Sept. 21, 2016, file photo shows Exxon Mobil's Billings Refinery in Billings, Mont. Exxon Mobil Corp. is reporting fourth-quarter profit of $1.68 billion on Tuesday, Jan. 31, 2017. (AP Photo/Matthew Brown, File)

Shell and Exxon Mobil censured by Dutch advertising watchdog

Shell and Exxon Mobil are to be censured by the Dutch advertising watchdog over misleading claims about gas. This is the second time that the watchdog has ruled against the companies attempting to portray gas as a clean fuel, also ruling against Statoil in June. Exxon and Shell had dubbed […]

UK to support power projects in Iraq

UK to support power projects in Iraq

The UK is to support the construction of two 750 megawatt gas fired power stations in Iraq. This comes as news that Japan is set to lend Iraq $195 million to repair a power station. Instability in Iraq has led to severe energy shortages in an energy rich nation. Greg […]