IEA lowers oil demand growth forecast

Oil demand across the globe will rise less than previously thought, according to the International Energy Agency (IEA). In its latest Oil Market Report, the IEA trimmed its projection for growth in global demand to one million barrels a day (b/d) – down 180,000 b/d. It cited lower-than-expected deliveries in the second quarter and a […]

Who is the Best Sales Woman in utilities?

Who is the best sales woman in the utilities sector? A new award launching this year hopes to find just that – the best sales women in the industry for the regions Europe, North America and India (which includes Asia). It’s a new category in the second annual Women In Sales Awards, a ceremony looking […]

New calculator shows carbon impacts of biomass

A new scientific calculator which calculates the carbon impacts of burning trees for energy has been launched. Developed by DECC, the ‘Bioenergy Emissions and Counterfactual Model’ is designed to help developers make sure they are sourcing their biomass responsibly. An accompanying study by Chief Scientific Advisor Professor David MacKay and Dr Anna L Stephenson focused […]

Europe’s gas imports to grow 50% by 2030

Europe’s imports of natural gas will surge 50% by 2030 as domestic production falls, according to a new report. It claims Europe’s gas imports could increase to 320 million tonnes of oil equivalent (Mtoe) a year by 2030 from the current 215 Mtoe. Reliance on Russian gas will continue despite EU efforts to become less […]

BP sells stakes in four Alaska oil fields

British energy giant BP has agreed to sell its stakes in four oil fields on the Alaska North Slope. The company, one of the largest oil producers in Alaska, said the sale agreement includes all of its interests in the Endicott (pictured) and Northstar oil fields and a 50% stake in each of the Liberty […]

Electric scooter sales to surge 50% by 2020

Worldwide sales of electric scooters are estimated to grow 50% by 2020 according to a report from Navigant Research. It forecasts that global e-scooter sales will hit 18 million in 2020, up from 12 million in 2013. Asia Pacific is far and way the world’s largest region for e-scooter sales, accounting for 99% of all […]

‘Record high’ use of petroleum globally in 2012

The world’s consumption of petroleum products reached a “record high” last year despite a decline in usage in North America and Europe. The Energy Information Administration (EIA) revealed 88.9 million barrels of gas, diesel, jet fuel, heating oil and other petroleum products were used per day in 2012 as growth in Asia outpaced European and […]

IEA trims 2014 oil demand growth prediction

The International Energy Agency (IEA) has trimmed its forecast for global oil demand as a result of weaker than expected economic growth. Global oil demand growth this year was expected to remain largely unchanged from last year at around 895,000 barrels per day (b/d) – 30,000 b/d less than in 2012. In its latest Oil […]

British Gas plans to offer ‘free electricity’ on Saturdays

Energy giant British Gas is considering introducing a new tariff that involves offering “free electricity” to UK households on Saturdays. Called ‘Free Power Saturday’, the plan was initiated by British Gas’ Direct Energy business in North America, where it doesn’t charge its customers for the power they use on Saturdays when demand is low. It […]

US oil boom to help meet global demand

The US will help meet most of the world’s new oil demand over the next five years, according to a new report – showing the impact of the shale revolution in the country. The International Energy Agency (IEA) made the forecast in its annual ‘Medium-Term Oil Market Report’, which suggested North American oil production will […]