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Crude Oil News

Daily Energy Standup Episode #240 – Offshore Wind Challenges, Geopolitical Conflicts, and Market Trends

October 30, 2023 Andy Del Prado

Daily Standup Top Stories GE Offshore Wind to Post $1 Billion Loss in 2023, Again in 2024 October 29, 2023 Allen Santos General Electric Co. expects its offshore-wind operations to post annual losses of about $1 billion […]

Crude Oil News

Hostile political attitude to North Sea oil and gas threatens energy security

October 28, 2023 Mariel Alumit

Despite the recent high-profile approval of the Rosebank oil field in the North Sea, the picture for domestic oil and gas production remains bleak. The Conservative Government has recently spied an opportunity for re-election by […]

Crude Oil News

Middle Eastern conflicts often lead to high oil prices and recessions

October 28, 2023 Mariel Alumit

Since the appalling attack on Israel by Hamas terrorists on 7 October, oil prices have been volatile. Historically, conflicts in the Middle East have had a major impact on oil prices, from the price shocks […]

round
Energy Crisis

CfD auction round failure underscores Government’s wrong thinking on subsidies

October 28, 2023 Mariel Alumit

Earlier this month, the UK Government completed its latest subsidy round for renewable electricity generation – the fifth allocation round (“AR5″) for the Contracts for Difference (CfD”) scheme. And it has widely been seen as […]

US power
Electrical Generation / Utilities

Stabilising US power grids using synchronous condensers

October 28, 2023 Mariel Alumit

Recent posts have explored some of the issues the US power grids are facing as the premature closures of fossil fuel and nuclear power stations are creating problems for security of supply. Something discussed less […]

myth
Energy Crisis

The myth that renewables are cheap persists in part due to the flawed use of LCOE

October 28, 2023 Mariel Alumit

In my latest article for The Telegraph, I revisit the myth that renewable energy is cheap. Predictably, some people have come back at me with “ah but Lazard says renewables ARE the cheapest form of […]

Inflation Reduction Act
Net Zero

The Inflation Reduction Act will boost renewables but won’t be enough for net zero

October 28, 2023 Mariel Alumit

The USA has often been seen as at the forefront of the energy transition (or at least some states such as California have), although progress has been relatively slow – the first half of 2023 […]

electricity
Electrical Generation / Utilities

Hope is not an acceptable strategy: new policy risks US electricity shortfalls

October 28, 2023 Mariel Alumit

In my previous post I covered the impact of the Inflation Reduction Act and the way challenges with grid infrastructure will act as a brake on climate goals. In this post I will look at […]

nuclear
Electrical Generation / Utilities

Are we seeing signs of a US nuclear renaissance?

October 28, 2023 Mariel Alumit

There appear to be some tentative signs of a US nuclear renaissance against a backdrop of growing grid instability as coal and gas power stations are pushed out of the market in favour of wind […]

de-carbonise
Electrical Generation / Utilities

Heavy industry is hard to de-carbonise – small-scale nuclear could be the answer

October 28, 2023 Mariel Alumit

In my latest article for The Telegraph, I discuss the latest US Department of Energy (“DoE”) de-carbonisation liftoff report covering eight industrial sectors: chemicals, refining, iron & steel, food & beverage processing, pulp & paper, […]

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