UK’s oil and gas reserves ‘may only last a decade’

The UK’s current oil and gas reserves may last only a decade. That’s according to a new study from scientists at the University of Edinburgh, who say only around 10% of the UK’s original recoverable oil and gas remains. The analysis also finds fracking will be barely economically feasible in the UK because of a […]

Australian operator warns of reduced power reserves

Australia’s electricity operator has warned of a shortfall in generation and reduced power reserves on the horizon. The Australian Energy Market Operator (AEMO) has called for further investment in the country’s energy portfolio as retiring coal plants are replaced by intermittent renewables, leaving the grid with less back-up capacity. AEMO has said this increases the […]

UK power supply ‘tight but manageable this winter’

The UK’s power supply this winter is likely to be tight but manageable. Although it will be impacted by poor generation and supply in France, the UK has enough energy reserves to make it through a cold winter, according to ENTSO-E’s analysis of security of supply risks in Europe. France is facing the lowest nuclear generation it has seen in a decade, […]

Chinese oil company lands $2bn deal in Uganda

China’s state-owned oil company CNOOC has landed a $2 billion (£1.23 billion) deal to develop a field in Uganda. Ugandan Junior Energy Minister Peter Lokeris said: “It is a milestone towards making us self-sustaining as far as oil and gas production is concerned. “The contractor among other responsibilities will be responsible for developing the Kingfisher […]