Latest news with #energyfuture


Sky News
23-07-2025
- Business
- Sky News
New plant for Sizewell and challenges at Boeing
This episode looks at two developments in the business world. We speak to a representative from Centrica about plans for a new nuclear plant at Sizewell and what it means for the UK's energy future. We also hear from an airline executive about Boeing's current challenges following the Air India crash and what it means for safety, trust and the wider aviation industry.


Zawya
23-07-2025
- Business
- Zawya
Oman takes leading role in regional gas sector growth: GECF
MUSCAT: Oman is emerging as a regional leader in natural gas development, with expansion activities underway across the entire value chain—upstream, midstream, and export—according to the latest Global Gas Outlook report by the Gas Exporting Countries Forum (GECF). Headquartered in Doha, the GECF is committed to making 'natural gas the pivotal resource for inclusive and sustainable development' and aiming 'to shape the energy future as a global advocate of natural gas and a platform for cooperation and dialogue.' The 2025 edition of the report highlights Oman's growing prominence as a gas producer and exporter in the Middle East, particularly as it expands its liquefaction capacity. While liquefied natural gas (LNG) exports are set to remain the mainstay of gas trade, the country's role in the sector is becoming increasingly strategic. 'In 2023, Oman exported 12 million tonnes (Mt) of LNG, with over 90 per cent of shipments directed to the Asia Pacific region. These exports are projected to remain steady at 10 Mt by 2030, gradually declining to 8 Mt by 2040, and further decreasing to 6 Mt by 2050,' the report noted. Oman's liquefaction complex at Qalhat recently completed a multi-year upgrade that boosted nameplate capacity from 10.4 Mtpa to 11.5 Mtpa. Actual production climbed to a record 11.98 Mtpa in 2024, pushing LNG revenues to historic highs. Further expansion is planned with the addition of a 1 Mtpa LNG bunkering facility at Sohar. 'In early 2024, the country, in partnership with TotalEnergies, reached a Final Investment Decision (FID) to develop the Marsa LNG project. Set to commence operations in 2028, it will become the Middle East's first LNG bunkering hub—positioning LNG as a cleaner marine fuel and supporting decarbonisation in the shipping sector,' the report explained. Notably, the report omits reference to a planned fourth LNG train at Qalhat, announced by the Omani government in July 2023. The proposed 3.8 Mtpa train would raise the complex's total capacity to approximately 15.2 Mtpa. However, a final investment decision is pending the availability of uncommitted gas feedstock and long-term offtake agreements. On the upstream side, Oman's natural gas production has also seen robust growth. Output rose to 39 billion cubic metres (bcm) in 2023, up from 33 bcm in 2020. This growth was driven largely by the Khazzan-Makarem field, which accounted for 33 per cent of total production in 2023, as well as upstream development linked to the Marsa LNG project, the report stated. All of Oman's gas production currently comes from onshore fields, positioning the country as a key contributor to regional onshore output growth. Exploration activity is also accelerating. In 2023, Oman awarded three new onshore blocks in the southern Rub al Khali Basin, near Block 6, covering more than 20,000 square kilometres. The government has since launched a direct award initiative offering six additional blocks—43A, 43B, 66, 73, 75, and 76—for exploration. The report noted that further investments will target smaller greenfield projects and optimise production from brownfield sites, aiming to enhance recovery rates and operational efficiency. Oman's strategy focuses on balancing domestic demand with export ambitions—particularly to Asia—while integrating decarbonisation technologies such as carbon capture, utilisation, and storage (CCUS) to meet global sustainability goals. An investor-friendly regulatory environment further supports this vision, the report added. Looking ahead, the report concludes: 'Oman is expected to sustain its gas production through the forecast period, reaching 43 bcm by 2050. Achieving this target will require successful exploration, with Yet-to-Find (YTF) resources projected to contribute 60 per cent of total production by mid-century.' 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (


Zawya
16-07-2025
- Business
- Zawya
Opec's Secretary General calls for $18.2trln investment in O&G
The oil and gas sector needs $18.2 trillion in investments by 2050 to meet future demand, according to Haitham Al Ghais, Opec Secretary General. He stated that oil and gas are essential pillars for a stable and secure energy future, and that the world must invest now to be prepared for what lies ahead. Al Ghais made these comments in an interview with Energy Connects during the 9th Opec International Seminar, in Vienna, Austria. He pointed out that global energy demand was projected to increase by 23 per cent by 2050, with oil demand expected to reach 123 million barrels per day (bpd). He stressed that this growth necessitates substantial investments to ensure energy security, affordability, and reliability while addressing emissions from all sources. The theme of this year's seminar, 'Charting Pathways Together', underscored the importance of collective action in an increasingly fragmented energy landscape. Al Ghais highlighted Opec's commitment to unity, stating: "This is one planet we are living on. It's our planet." He called for a collaborative approach to energy issues, emphasising the need to care for the planet and work together to tackle challenges. Looking ahead, he reflected on the nearly 10-year journey of the Opec+ coalition, which will celebrate its anniversary in December 2026. He affirmed that the unity and cohesiveness within the coalition have never been stronger, with a shared goal of maintaining energy market stability, a vital aspect for the global economy. During the seminar, Al Ghais unveiled the World Oil Outlook 2025, presenting data-driven insights that challenge the narrative of an imminent decline in oil demand. He noted that the updated report indicated an increase in oil demand growth, projecting oil consumption at 123 million bpd by 2050. This reflects a shift in global policies, moving away from overly ambitious net-zero targets and recognising the ongoing necessity of oil in the energy mix, he added. Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (


BBC News
18-06-2025
- Business
- BBC News
Chief Pleas to start compulsory purchase of electricity company
Sark's government is being asked to approve starting the process of compulsory purchase of Sark Policy and Finance Committee and the Future Energy Committee have put forward the proposal saying it followed five years of "almost no progress on critical safety and reliability upgrades".They said Chief Pleas would still be open to further negotiation on the sale of the firm, but "not under terms that would be financially irresponsible" or "which would place unreasonable burdens on islanders".Alan Witney-Price, owner of Sark Electricity, said a sale to Island Power was still being pursued. Negotiations over the potential sale of the firm have seen conflicting claims made. Conseiller John Guille, chair of Policy and Finance, said: "Due to uncertainty and risks to the supply of electricity created by SEL, the committee has concluded that it is now necessary to commence compulsory purchase proceedings."It has become essential that Chief Pleas take control and ownership of its critical national infrastructure."Natalie Tighe, deputy chair, added: "Chief Pleas is focused on securing an energy future for Sark that is modern, resilient, and community led."Mr Witney-Price said the push for compulsory purchase was a "sad attempt by Chief Pleas to create a crisis".

Yahoo
13-06-2025
- Business
- Yahoo
Quanta Technology: Empowering Utilities by Optimising Resilience and Reliability System Planning
Quanta Technology empowers US utilities to shift from legacy tools to optimisation-driven planning using Gurobi. Its AI-based solution enhances grid reliability and resilience by solving complex system models at full scale – improving performance, reducing outages, and enabling smarter, faster decision-making for a more sustainable and efficient energy future.