Global oil supply growth is plunging as an extended period of low prices takes its toll according to a new report from the International Energy Agency (IEA). The report notes that while oil prices should start to rise gradually once the market begins rebalancing, the availability of resources that can …

BP has defended the energy projections set out in its annual energy outlook, which gives projections for global energy use out to 2035. Environmental campaigners had challenged the projections for failing to account for the COP21 targets that aim to limit global temperature increases to just 2 degrees.  If the …

Exxon Mobil failed to find enough new oil and gas to replace what it produced last year according to the Wall Street Journal.  Exxon only managed to replace two-thirds of the oil and gas that it produced in 2015, putting it in a similar position to Royal Dutch Shell and …

The latest figures from the Brussels based Global Wind Energy Council show that total global wind capacity has risen to 432.42 gigawatts, with China leading the way.  This gives wind a slight edge over the 382.55 gigawatts of nuclear capacity according to the London based World Nuclear Association. In 2015 …

Oil industry insiders from around the world will come together in Houston Texas this week for the annual IHS CERAWeek conference – often dubbed the “energy industry Davos.”  And with the heady days of $140 a barrel oil a long way back in the rear view mirror; the mood is …

The European Commission’s Energy Strategy published on Tuesday is heavily reliant upon imported gas for the next twenty years.  Although the document claims to be about “energy security”, like the policies adopted by the UK government, the strategy leaves the European Union dangerously exposed to disrupted supplies from Russia, Libya …

The newest member of the US Federal Reserve Bank, former Goldman Sachs executive Neel Kashkari, claims that the issues revealed in 2008 have still not been resolved.  According to Kashkari, measures that were taken in the immediate aftermath of the crash were necessarily conservative given the weakness of the economy. …

Nuclear power operator EDF is to extend the operational lives of four of its UK nuclear power stations.  Heysham 1 and Hartlepool will continue to operate until 2024, while Heysham 2 and Torness will run until at least 2030. The reasons for the extension are threefold.  First, inspection of the …

Louis XV of France is reported to have presciently said, “After me the deluge…”  That awareness that things could not go on as they had been was lost on Louis XVI, whose court behaved as if the real France was not falling apart around them.  It was only the appointment …

Often seen as irrelevant to global food needs, and dismissed as a middle class fad, organic farming could be our best hope for feeding 7.5 billion people on a planet increasingly plagued by droughts.  That’s the finding of a new study by John Reganold and Jonathan M. Wachter from Washington …