Skills Gap Challenges Energy Majors
New graduates are shunning the oil and gas industry in droves, despite the lure of good salaries. What can the industry do to attract top talent?
Interview: CTEC Energy
Interview with Mike Burns, CTEC Energy We interviewed Mike Burns at CTEC Energy in Newhaven Port. The gasifier project converts plastics and biomass into electricity and heat with significantly lower emissions than a traditional...Energy Journal – Nov 2020
The latest Energy Journal from the International Association of Energy Economics has landed on my doormat with a loud thud. The latest issue is 312 pages long. In Volume 41, Number 6, I was struck by the paper Are Energy Executives Rewarded For Luck? by Lucas Davis...Energy for a Net Zero Society
The BIEE’s bi-annual research conference will be held on March 30-31, 2021. The conference will focus on building the foundations and policies of the low carbon transition aimed at achieving a net zero carbon society in a way that is fair and just. It will address how we live, work and travel, and how policy, infrastructure and the private sector can respond to enable the transformation of heat, transport and industry.
Crude oil valuation and pricing
This course explains how refineries can evaluate specific crude oils from the 600 or more crude oil streams available from around the world.
Concrete Steps (Still) Needed
The article below was carried in the December 2018 edition of Power Fuels Tracker, an Interfax publication of which I was editor. Most of the content is still (sadly) relevant. By Peter Stewart, Interfax Chief Energy Analyst “Don’t divide the skin while it’s still on...IRENA releases Green Hydrogen report
Click Here The International Renewable Energy Association IRENA released a major report on the potential for green hydrogen in September 2019. The report is available for download using the button under the photo of the report cover to the...IEA releases Future of Hydrogen report
Click Here The International Energy Agency IEA released a major report on the potential for hydrogen in June 2019. The report is available for download using the button under the photo of the report cover to the...Getting Serious About Net Zero
Energy Policy Conference: Getting Serious About Net Zero The British Institute of Energy Economics held its annual policy conference on 23 September 2019 at the BEIS conference centre near Victoria Station in London. Peter was part of the coordinating committee for...
The New Energy Supplier Landscape
Peter at Resource Economist chaired a panel on the New Energy Supplier Landscape at Gastech2019
Gastech 2019
Interfax at Gastech 2019 Houston Peter Stewart spoke on behalf of Interfax at the Gastech conference in Houston, held 17-19 September. Interfax highlighted Global Gas Analytics and Natural Gas Insight...EAGC 2019
European Autumn Gas Conference 2019 Paris Peter Stewart spoke on behalf of Interfax at the European Autumn Gas Conference in Paris, which was held 5-7 November. Interfax was a sponsor of the conference and highlighted their Global Gas Analytics and Natural Gas Insight...UK unlikely to incentivise creation of new gas storage
The article below was carried in the 29 November, 2018 edition of Interfax’s Natural Gas Daily publication. The Interfax Gas Analytics service provides daily, weekly and monthly analysis of natural gas and LNG markets. By Peter Stewart, Interfax Chief...IEA urges action on gas flaring
The article below was carried in Interfax Natural Gas Daily on 21 November 2018. Interfax runs a gas analytics service with daily, weekly and monthly analysis of the global gas and LNG market. By Peter Stewart, Interfax chief Energy Analyst and Managing Director of...Scale of Canadian LNG still a bone of contention
The article below was published in Interfax’s Natural Gas Daily when Peter Stewart was chief energy analyst for Interfax. Peter spoke at the Gas Asia Summit held 31 October-1 November in Singapore. LNG Canada took FID on 1 October on a C$40 billion ($32 billion)...Conference notes: Gas Asia Summit
More of a buzz than usual at the Gas Asia Summit in Singapore this year. Gone were long faces about low prices — indeed, the big players in LNG seems to have forgotten the supply glut ever happened. The mood was upbeat: not quite business as usual, more like a...LNG to benefit from IMO and EU sulphur regulations
Shipping companies around the world are scrambling to meet new fuel standards being put in place by the EU and the International Maritime Organization (IMO). Although the switch will not be immediate, LNG is back on the table again as potentially the main beneficiary.
Permian gas growth to underpin US LNG exports
By Peter Stewart, Interfax Chief Energy Analyst Interfax Global Energy held a breakfast briefing with consultancy Baker & O’Brien which posed the question: Permian gas: Pulling the Rug from Under Oil-Indexed Prices. The piece below explores the growth of...Forecasting
Forecasting The Art of the Probable Forecasting Most people associate forecasting with quantitative methods often lumped under the umbrella designation “number crunching”. But good forecasts can be made based on expert judgement. Asking the right questions, seeing a...Data
Data Analytics Informed decision-making. Better data, better decisions. That’s the tagline used by the Joint Organisations Data Initiative to flag the need for accurate and transparent energy data. At Resource Economist, we are acutely aware of the variable quality of...US-China trade tensions ratchet up
The article below by Peter Stewart was published on April 11, 2018 in The Analyst column of Interfax Natural Gas Daily, an analytical newsletter focussed on latest developments in the global gas and LNG market. A trade dispute between the United States and China...Contact Us
CONTACT US ! If you are interested in the website, please give me a call on the number at the top of this page. I welcome enquires about the training, mentoring and coaching programmes we provide. FollowFollow Join Our Newsletter! We will launch a monthly newsletter...ACI Refining Strategy 2018
Date: 21 February 2018 Topics: Interfax chief energy analyst Peter Stewart provided an outlook on the European refining sector in light of recent price developments in the oil and gas markets. Link: ACI Refining Strategy...Platts issues Dated Brent Special Report
The Price Reporting Agency Platts, part of S&P Global, has recently issued a Special Report on the Dated Brent benchmark. The price of Brent crude oil from the North Sea has been used for the last 30-odd years as the pricing reference point for billions of barrels...LPG Europe 2018
LPG Europe 2018 Date: 7 February 2018 Topics: Peter Stewart delivered a 5-year outlook for the Global LPG market. The conference takes place in Lisbon, Portugal and includes a global line-up of distinguished speakers. Link: LPG Europe...Iran unrest sparks price volatility
The article below appeared in the 3 January 2018 edition of Natural Gas Daily, published by Interfax Global Energy Services. Civil unrest in Iran has led to at least 21 deaths, and violent clashes between security forces and protesters that began in the northeastern...Lithium demand soars while supply lags behind
Lithium-ion (Li-i) batteries are the fastest-growing technology in the power storage sector, according to a recent report by Forum for the Future, which tapped insights from half a dozen key executives in the UK energy sector. But the rising cost of lithium and cobalt, which is a component of the cathodes used in Li-i batteries, could slow their progress.
US refiners wean off Venezuelan crude
Faced with the possibility of tighter sanctions on Venezuela, US refiners are switching to lighter crude slates and sourcing more heavy grades from Canada and Mexico. Asian refiners look set to reap the benefit. This has implications for crude differentials in all parts of the world.
Power to the islands
Small Island Developing States in the Caribbean are transitioning from legacy energy supplies based on refined products to renewable sources including solar, wind and biofuels. The region also has significant oil and gas potential, but unresolved border issues have discouraged its exploitation.
Fuel Oil on the boil as supplies tighten
Fuel oil crack spreads have shown unexpected strength in the northern hemisphere summer as production cuts by OPEC and non-OPEC producers have tightened supply.
Iran threatens big rise in oil and gas output and exports
Iran’s deputy oil minister, Amir Hossein Zamaninia, said at the World Petroleum Congress in Istanbul this week that his country planned to ramp up gas production to nearly 1.37 billion cubic metres per day and oil production to around 5 million barrels per day (MMb/d) by 2021.
Crude oil quality differentials shrink as heavy sour grades tighten
The price differential between light sweet crude oils and heavier sour crudes has narrowed as OPEC and several non-OPEC oil producers’ continue to implement output cuts. Rising sweet crude production in Libya, Nigeria and the US have also contributed to exceptionally narrow sweet/sour differentials, leading refiners in the West to process more sweeter grades in their refineries.
Qatar’s liquefaction plans will extend LNG glut
Qatar’s plan to sharply increase gas liquefaction capacity over the next five years puts the emirate on a potential collision course with the United States, and threatens to extend the current glut of LNG.
A Central Bank for Energy Innovation
A Central Bank for Energy Innovation Peter Stewart ______________________________________________ Category: Skills for Innovation. ______________________________________________ Energy is a big industry, and innovation has always been its lifeblood. But meeting...China’s delicate balancing act on gas market reform
China will continue to prioritise LNG in its energy mix despite the prospect of substantially higher LNG prices after around 2022. The dichotomy between government targets to boost the use of gas and the dynamics of a volatile world market was discussed at an Interfax breakfast seminar in London on 27th June.
Oil prices continue to weaken as global glut grows
Oil prices remain under pressure as rising US production pushes back impact of OPEC-led cuts. International benchmark Brent crude oil futures dropped as low as $45.4 per barrel on Tuesday – their lowest level since November 2016 – and dropped to similar levels early...Companies need to get wise to smart power systems
Peter Stewart participated in the Hyper-smart Power Systems panel discussion at St Petersburg International Economic Forum. The article below appeared in the 1st June issue of Natural Gas Daily, an Interfax publication covering the global gas and energy markets. The views expressed are his own.
Iran’s response crucial in Saudi-Qatar spat
Saudi Arabia’s decision to up the ante in its long-simmering dispute with Qatar is a high-risk strategy. Although all sides are scrambling to defuse the crisis, there is a relatively low but nonetheless real risk that the rift with Qatar will spiral.
More action needed on Asian grid integration
The integration of Asian electricity grids and the potential for Russia to become an ‘energy bridge’ between Asia and Europe were among the biggest of the big ideas discussed at the three-day SPIEF conference in St Petersburg.
Ethane shipments to Europe face hurdles
The article below appeared in the October 5th 2016 edition of Natural Gas Daily, a specialist newsletter published by Interfax, focussed on the global natural gas and LNG industry. Costs may constrain transatlantic ethane trade By Peter Stewart, Chief Energy Analyst,...OPEC and IEA say prices will stay lower for longer
The article below appeared in the September 14th, 2016 edition of Natural Gas Daily, a specialist newsletter published by Interfax, focussed on the global natural gas and LNG industry. The International Energy Agency (IEA) has said that the pace of global oil...Energy storage may be a Black Swan for gas demand
The article below appeared in the September 7th, 2016 edition of Natural Gas Daily, a specialist newsletter published by Interfax, focussed on the global natural gas and LNG industry. Energy storage can be used to bridge the intermittency of renewables such as wind...Toyota Mirai and Hydrogen Vehicles
On the 15th January 2015 Toyota presented the world’s first Mirai fuel cell vehicle to the Japanese Prime Minister, Shinzo Abe. The Prime Minister heralded the moment “the dawn of the age of hydrogen”, and, with Mirai meaning “future” in Japanese, Toyota...Course List
Resource Economist Ltd offers training courses in oil and gas, energy fundamentals, price forecasting and the interaction between fossil fuels and the renewable energies. The courses are delivered by Peter Stewart and his associates, who can arrange them on a bespoke basis or through training and consulting companies with which he is associated.
Renewables in Africa
“Africa is not poor. It is a rich continent with many, many poor people,” Kofi Annan said November 17 at Statoil’s Autumn conference in Oslo. Annan said that it had been an exciting period for investment in Africa, and the outlook was more optimistic...Peter Stewart at WPC in Moscow
Peter Stewart spoke on June 17th at a panel at the World Petroleum Congress in Moscow on the theme of oil and gas prices. Speaking on behalf of Interfax Global Energy Services where he works as Chief Energy Analyst, Peter said that the relative price of oil and gas...IEA says $48 trillion energy investment needed to 2035
The International Energy Agency said the world needs $48 trillion in investment to meet its energy needs to 2035.
Gas market fundamentals
Course title: Gas market fundamentals Course Code: GASFUN Course summary: The 3-day course Gas Market Fundamentals explains the key drivers of the oil, gas, coal and power markets, and the interactions between the competing fuels. The course outlines the three main...Forecasting crude oil and oil products prices
Course title: Forecasting crude oil and oil products prices Course Code: FCPP Course summary: The 4-day course Forecasting Crude Oil and Oil Products Prices explains the key drivers of crude oil and oil product prices, and explains how these can be forecast in a...Energy Trading, Pricing and Regulation
Course title: Energy Trading, Pricing and Regulation
Course Code: ETPR
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