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“It’s not easy, but it’s feasible” was the verdict of EU climate chief Frans Timmermans as the bloc announced its ambitious goal of reducing imports of Russian gas by around two thirds this year. With this implying something in the order of 100 bcm of supply, we do not share Mr Timmermans’ optimism.
Floating wind’s virtually unlimited potential has from its inception made it a strong vision. Seven years ago, Wood Mackenzie wrote, the “next step is to prove that floating foundations are economically feasible” and go commercial. This is still the challenge for floating wind, and we can conclude that commercialisation is not a step; it is a leap.
Highlights from Wood Mackenzie’s Power & Renewables Conference: Europe.
The ripple effect of Russia’s war with Ukraine could give rise to the second wave of US LNG – but new supply will take time to develop.
How dependent is the world on Russian coal exports? Can alternative suppliers easily take Russia’s place? And how will sanctions impact prices?
This analysis highlights fields that have ceased production in Ireland. Fields which are still producing are covered in the relevant asset reports.
China has announced a major change to its export tax rebate policy for battery and solar PV products, with phased reductions beginning in April 2026. Under an announcement made in January 2026 by the Ministry of Finance and the State Taxation Administration, VAT export rebates for battery products will be reduced and ultimately eliminated, while rebates for PV products will be abolished entirely.…
Europe must find a way to navigate high raw materials costs while rapidly scaling up solar deployment.
Russia’s Nord Stream back online after routine maintenance, but expect continued volatility.
Fiscal changes, energy security pressures and cost inflation risks collide for Europe’s upstream oil and gas sector.
The UK has announced plans to become a net energy exporter by 2040. This includes lifting the 2019 ban on hydraulic fracturing in unconventional shale plays in England.
Flagship climate policy in the EU and the US could give hydrogen the jumpstart it needs.
Europe is replacing its lost imports from Russia with LNG. The shift is putting its gas infrastructure under strain.
A recap of the hottest topics of discussion at EPCA 2022
ExxonMobil is exiting Italy and Thailand. Further divestments from the Majors are possible, but will hinge on buyer appetite.
Norway is monetising as much oil and gas as it can, while it still can. Other countries with challenged pre-FID resources may look to do something similar.
Wind and solar will attract the lion’s share of energy investment in Europe and continue to benefit from growing scale.
In 2022, record high prices forced many European and Asian companies to switch from gas to alternative cheaper fuels, or reduce output. The market will seek a new balance this year
Europe needs gas, and Africa has plenty of it – but planned exports are fraught with risk
According to a Reuters report, North Sea producer Harbour Energy is in talks with GoM-focused Talos Energy over a potential merger. Conslidation continues to drive upstream M&A as companies look to increase resilience and diversify portfolios.
Analysing the potential of Rosebank and Cambo fields as part of the UK’s development of oil and gas resources in the North Sea.
The new Packaging and Packaging Waste Regulation (PPWR) could be a pivotal moment for the packaging sector
What made Germany’s 7 GW offshore wind tender so attractive – and what does it mean for other governments?
But some elements of the crisis will leave a lasting effect.
The Netherlands has halted all interconnections for non-residential loads and generation as its grid has reached capacity – can the US avoid a similar scenario?
Upstream will play a crucial role in developing clean energy. Policy needs to support this, as well as foster a favourable environment for decarbonisation technologies.
In a new report with CPower we delve into the world of Demand Response and Distributed Energy Resources, shedding light on the crucial intersection between reliability and regulatory dynamics.
As demand for gas grows, it poses challenges for global climate goals. Suppliers will come under increased pressure to curb their emissions.
European gas prices will remain volatile through the winter, but low gas demand could see 20% European gas price fall in summer 2024 compared to the current forward market.
Africa is blessed with abundant oil and gas resources but stands at a crossroads. The continent is yet to realise the full potential of its energy wealth.
Developing Africa’s huge natural gas reserves is essential for growing export revenues and supporting domestic economic growth.
Nordic power markets have long been defined by their ample hydro resources, but the make-up of supply will evolve as new wind capacity serves a major expansion of demand.
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