Tag Archives: gas

Oil and Gas Production in N America

This post provides an overview of N American oil and gas production utilising the growing mountain of charts to be found in Global Energy Graphed. These charts show the parlous state of the Mexican oil and gas industry that will be the focus of this post. Oil production is down nearly to the point where Mexico will cease oil exports. Gas production is down and Mexico has already become a serial gas importer. Drilling has virtually come to a halt. Continue reading

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The Changing Face of UK Power Supply

UK Grid Graphed provides a graphic summary of daily, monthly and annual UK electricity generation from 2012 to 2015 based on BM Reports as archived by Gridwatch. This post provides an overview of the UK Grid Graphed resource and the key observations to be made from the data. In summary, coal generation is in steep decline to be substituted by rising wind, solar, biomass and exports. Demand for electricity is also falling and government should be concerned about the extent that this is caused by rising electricity prices and policy. Continue reading

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Ed Davey in Wonderland

Record investments of £45 billion in electricity generation and networks since 2010 has seen UK electricity consumption fall from 361 to 337 TWh (6.7%) while electricity imports have risen from 2.7 to 14.4 TWh (5.3 fold). Continue reading

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Blowout week 38

This edition of blowout comes from the still United Kingdom. 22 stories in all, about half of those from Roger. Continue reading

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Russia Ukraine Gas War

These very low prices would allow Kiev to buy more gas than it needs for domestic uses, and sell the rest to downstream gas consumers in Europe at a minimum of $400 – $450 per kcm. Continue reading

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Global Energy Trends – BP Statistical Review 2014

In 2003, FF accounted for 87% of global primary energy consumption. In 2013, FF accounted for 87% of global primary energy consumption. This is testimony to the absolute failure of energy policies aimed at reducing CO2 emissions. Continue reading

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Goodluck Nigeria – a failed State

Average per capita GDP has grown in recent years on the back of rising oil price but stands at a little over $1000 per annum. Per capita energy consumption (excluding wood) is 0.12 tonnes oil equivalent per annum, a tiny fraction of N African neighbours. Continue reading

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Blowout week 18

25 stories this week in an action packed Blowout. Germany: Energiewende kaput? Big oil in trouble. Ukraine / Russia: Ukraine raises domestic gas prices by 50%. Continue reading

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Does the UK Economy Run on Energy or Hot Air?

Much of the growth in the UK economy since 1980 is indeed hot air while energy consumption still underpins the real economy providing heat, light, food, shelter, security, mobility and enormous leverage in manufacturing. Continue reading

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From Financial Subprime To Global Energy Subprime

The really supreme irony, perhaps, is that throughout the 1948-1991 Cold War it almost never produced anything like the current menace to global energy security. Continue reading

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Blowout week 14

Russia goes her own way: Sanctions busting deal with Iran; Lukoil brings on 120,0 bpd in Iraq; raises gas price for Ukraine; attacks petro $ system?

UK: Gas prices plunge; vast submarine coal resources in focus; coal mines to close; Big Brother tightens grip on BBC; offshore wind gets £460 million; onshore wind under pressure. Continue reading

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Ukrainian Death Spiral

Russia has raised natural gas prices to Ukraine twice this week. There is a risk of mounting chaos. Continue reading

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The Fantasy of European Gas Independence

Indigenous and North African supplies of gas to Europe declined by 50 million tonnes per annum over the last decade and are likely to decline by a similar amount in the next.

Imports of LNG from the USA and development of indigenous shale gas may compensate for some of the decline in legacy supply, but it is difficult to imagine that these new sources can begin to substitute for Russian imports of 140 million tonnes per annum. Continue reading

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Libya – energy, population and economy

Europe has only 4 contiguous suppliers of imported gas and oil. Russia to the East is by far the most important and to the South, Algeria, Egypt and Libya. Britain and France bombed Libya into submission in 2011. The outcome to date is likely not what was planned. Continue reading

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Blowout week 12

European leaders are lost in a fantasy land when it comes to understanding the continent’s energy security. Iraq and Libya descend further into chaos. Osborne sticks the knife into North Sea drilling. Continue reading

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Post-peak Algeria?

Algerian exports of oil and gas, mainly to Europe, peaked in 2005 and have since fallen by 24% / 628,000 barrels oil equivalent per day. Those countries thinking of switching supplies from Russia had best not look to Algeria, N Africa’s biggest gas producer and exporter. Continue reading

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Russian Power

In 2012 Russia produced the equivalent of 26 million barrels oil per day spread between oil, natural gas, coal, nuclear and hydro electric power [1]. Just under 50% of that energy was exported, approximately 12.2 million barrels oil equivalent per day, mainly to western Europe and former Soviet republics Continue reading

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Egypt – energy, population and economy

Decline in oil and gas exports and increasing cost of food imports resulted in Egypt’s trade deficit with the rest of the world growing to £12 billion in 2012 [2]. Debt : GDP stands at a manageable 81% but Egypt can ill afford to allow this to grow indefinitely [3]. Egypt needs a plan to boost exports and to use its energy resources to produce higher value GDP. Continue reading

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Blackout Britain?

At present, understanding the blackout risk in Britain boils down to understanding the security of future gas supplies and that is not a simple task. We seem set to become increasingly reliant upon Russia for gas supplies that also provides our electricity security. Continue reading

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UK oil and gas production update to October 2013

The annualised declines (12 month mean) for oil and gas both stand at around 10% per annum, improved from the high teen values seen in recent years, but production is still falling at 10% per annum despite record investment. Continue reading

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