Nearly half of UK energy firms planning to cut costs this year
North Sea oil and gas companies are under pressure as more than 40% of UK energy firms plan to reduce costs in response to the oil and gas price collapse, according to a new report.
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China is biggest demand-side forecast risk – IEA
Global gas demand is expected to increase by 1.5% per year over the next five years, but low coal prices and the expansion of renewables will create headwinds for the sector, the IEA says.
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- Private equity’s role in UKCS will grow – Deloitte
- Poland could buy Russian gas at Belarus border
- Jakarta eyes gas-rich deep waters
- Gazprom’s spare production capacity gives it options
- Chinese LNG prices fall in May with slack demand
- Devon Energy may sell $1 bln of assets to reduce debt
- Engie may sell Brazilian gas assets to focus on renewables
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- Global Gas Analytics ▾
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Risk of oil price spike may benefit gas
GGA Chief Energy Analyst Peter Stewart spoke at the IEA last week on the interaction between oil and gas prices. These are the main points of his speech to the standing committee on oil markets.
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- European hub prices boosted as maintenance cuts supplies
- Henry Hub hits 2016 high with surging power demand
- Risk of oil price spike may benefit gas
- OPEC freeze unlikely with oil above $50/bbl
- Oil price rise dampens hopes for OPEC output cap
- Price favours Canadian gas flows into western US
- Kuwait sees intense inter-sector competition for gas
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