October saw a significant level of price volatility, primarily stemming from the emerging conflict in the Middle East. Market sentiment was bearish at the beginning of the month with temperatures above seasonal norms and strong supply and storage fundamentals. However, the kidnapping of over 200 hundred Israeli hostages by...
Dogger Bank, the world’s largest offshore wind farm under construction, has started producing electricity. The wind farm is being constructed 70 nautical miles off the cost of Yorkshire in three phases known as Dogger Bank A, B and C. When complete, Dogger Bank’s 3.6GW capacity will comprise 277 giant...
The Prime Minister recently announced a ‘watering down’ of the UK’s net zero policies. These included: The ban on the sale of new cars with combustion engines was due to come into force in 2030, this has now been pushed back to 2035. Plans to phase out the installation...
Norwegian gas maintenance interrupted supplies in August and this persisted into early September which led to some concerns around capacity for the upcoming Winter. The period saw reduced gas flows across as the Troll gas plant experienced several outages, however the plant was back to full capacity by the...
The period began with outages at the Norwegian Troll gas field which had limited impact to flows into the UK and North West Europe. Mid-month saw maintenance at the Ormen Lange Norwegian gas field extended by a few days and unplanned outages at Barrow North, UK, boosting gas prices....
This decade signals ‘the beginning of the end’ for fossil fuels with demand for oil, gas and coal beginning to decline. The International Energy Agency (IEA) has projected that fossil fuel consumption will peak before 2030 and fall into permanent decline as climate policies take effect. The forthcoming IEA...
The UK’s offshore energy workforce can increase by up to 50% by the end of the decade with renewable jobs outnumbering oil and gas roles if a successful transition is achieved according to a new report. Powering up the Workforce by Robert Gordon University in Aberdeen offers a stark...
Following a significant maintenance period experienced throughout June and July, Norwegian gas flows notably increased at the end of July. This was partly in response to the extended maintenance at the Nyhamna gas plant ending on the 15th July, although further maintenance is scheduled in August which could result...
June saw price volatility return as energy markets reacted to an increase in gas supply disruption and further concerns over Russian conflict. June resulted in a reduction in LNG cargoes arriving in the UK and Europe across the month. This was mainly due to annual maintenance being completed at...
Power prices in Britain are predicted to remain high until the late 2030s according to Energy Live News who were reporting on the latest forecast by Cornwall Insight. The ‘surging demand for power’ is the key factor in keeping the power prices high, partly due to increased adoption of...
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