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Natural gas is booming in Egypt

Egypt’s booming natural gas sector means that imports of natural gas will stop by 2019. Two large gas fields, Zohr and the West Nile Delta field, are mainly responsible for the turn around in fortunes. Zohr, operated by Eni will begin output by the end of the year and the […]

Sun setting behind a row of electricity pylons

Coal to remain part of the energy mix, experts say

Use of coal is set to increase in the developing world, expert analysis shows, despite recent statements to the contrary. The Asean Centre for Energy (ACE) recently said: “With about 100 million people without electricity, the delivery of affordable, reliable and sustainable electricity is crucial to Asean’s predicted economic growth. […]

OPEC promises fail to convince oil markets

OPEC promises fail to convince oil markets

The markets reaction to OPEC’s renewal of cut commitments has failed to impress markets. Meeting in St Petersburg yesterday the OPEC members reaffirmed their commitment to enforcing production cuts across the cartel. Saudi Arabia’s energy minister, Khalid al Falih, was unequivocal in his expectations of members: “We are going to […]

Government scheme fails to deal with UK energy crisis

Government scheme fails to deal with UK energy crisis

New rules around the regulation of the national grid to incorporate the unreliability of renewables will mean consumers have to reduce electricity consumption at peak times. The Business and Energy secretary Greg Clark unveiled a new vision for UK energy which includes battery facilities and incentives for individuals and businesses […]

Two thirds of Welsh micro businesses wary of rising energy costs

Two thirds of Welsh micro businesses wary of rising energy costs

A survey has shown that 67% of Welsh micro businesses feel the rising cost of energy is threatening their future. The survey of UK micro businesses also showed that 42% feel they get an unfair deal from energy suppliers and over 71% believe they have been unfairly penalised by unhelpful […]

Green energy job growth drops

Green energy job growth drops

Green jobs growth has slowed to a five year low in the UK. The chief executive of the Renewable Energy Association, the body who produced the statistics, described the dwindling growth as “deeply frustrating” and cited “policy instability in Westminster” as the cause. The Renewable Energy Association’s latest annual review […]

Prime Minister Theresa May holds talks with US President Donald Trump on the margins of the G20 summit in Hamburg.

UK-US trade talks begin in Washington

Talks for a post Brexit trade deal between the US and the UK have begun today. The UK international Trade Secretary Dr Liam Fox is in Washington meeting his US counterpart Robert Lighthizer to begin the process of negotiating a post Brexit trade deal. The price of UK energy will […]

Low oil price leads to further cuts for oil majors

Low oil price leads to further cuts for oil majors

The failure of the oil price to recover is going to force major oil companies to further cut costs. Ahead of Shell and BP’s brief to investors about quarter 2 results an equity analyst, Iain Armstrong of Brewin Dolphin Securities, has predicted the necessity of further cost cutting exercises for […]