Wind energy – we shall pay the price for the downside
There was not much good news for consumers at the All-Energy 2012 Conference in Aberdeen.
There was not much good news for consumers at the All-Energy 2012 Conference in Aberdeen.
This is a personal view based on personal experience of harvesting wind energy.
Around the world there is strong consensus that we are about to see significant changes in the way we use and generate electricity.
All-Energy is a landmark in the year for everyone in renewables; a chance to meet up with the people that make the industry tick; and a chance to reflect on the progress of this still very 'green' segment of the energy world.
Governments love target-setting for two not very good reasons. The first is that the targets, set in the distant future, invariably sound more impressive than the current reality.
With fossil fuel prices climbing inexorably and outstripping background inflation, the notion of maximising the use of renewables is surely a no-brainer. Isn't it? Something that would surely gain big time support?
I am currently in the South Pacific on a project intended to raise renewable energy output in the region.
Gosh. Is it really a whole year since the last All Energy Exhibition and Conference and in that year have we actually made much progress towards building that broad-based clean energy industry we all dream about?
Lots of tired faces in the departure lounge and mine is one of them.
I came here with a relatively clear diary and an ambition of visiting the show for a few hours every day and going to a variety of cocktail parties and dinners in the evenings. But it hasn't worked out that way - it never does! This year my schedule has filled up even more quickly than it has in the past, and virtually all of my time is spent in meetings at our Huston downtown headquarters and at breakfasts, lunches and dinners with clients and contacts. (note to self - must start the diet and go to the gym when home next week!).
For many the OTC week starts in earnest with the Simmons cocktail party. This is a 40 year tradition that the firm works hard at preserving by making sure that those attending are real influencers and decision makers.
The UK oil and gas industry is constantly faced with challenges; technology, fiscal, skills retention and other business issues are all part and parcel of our day to day work. But as a major hazard industry, it is the safety of our people that comes before everything else.
The annual Offshore Technology Conference in Houston presents the UK oilfield services (OFS) with the perfect opportunity to highlight its position as a core component of Britain's manufacturing and service base, given its importance to the domestic oil and gas sector and status as a key exporter.
"The Queen pays her interns, Keith Vaz does not - there is no political predictability about who will fleece new graduates."
A few years ago if someone had suggested that conventional offshore gas field development programmes and the LNG market would soon be under threat from shale gas they would have been thought at best eccentric and at worst suffering from some sort of delusionary illness.
Offshore accounted for about 32% of total world oil output in 2011 and some 24% of gas production. Both shares have increased slowly over the past decade.
The decision by RWE and E.ON to pull the plug on nuclear new-build in the UK is a product of German politics and priorities. However, it raises serious issues for energy policy that need to be addressed with some urgency.
Offshore Oil & Gas production is an infrastructure intensive activity. The UK North Sea is estimated to be home to around 10million tonnes of steel and concrete making up the 470 installations, 5,000 wells, and 6,000 miles (9,656km) of pipeline laid to date.
Leadership, communication and teamwork are buzzwords that are banded about a lot within our industry. It is sad fact that all too often familiarity breeds contempt and over time there is a danger that we can forget why these things were important in the first place.
Of important significance to the oil and gas industry, the Government is due to introduce a "Patent Box" regime to encourage companies with high-tech assets to locate their base in the UK.
May is National Smile Month and we're all being encouraged to smile and show off our gleaming teeth as part of an oral health campaign organised by the British Dental Foundation.
ON SUNDAY March 25, Total lost control of a rogue well in the Elgin-Franklin field complex, 240km (150 miles) east of Aberdeen, precipitating a crisis that will end up costing the French group billions of dollars in lost revenues but which has so far not cost any lives.
We have a problem. Put bluntly there are now far too many indigenous companies getting snapped up by overseas buyers.
After the debacle of the UK's 2011 Budget which contributed to a significant fall in activity over the last year, it's great to be able to report on the positive developments for the industry coming out of the 2012 iteration.
Is oil the new Greece? That's the question currently being asked by many market analysts.