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Posts Tagged ‘Energy Minister’

UK Energy Minister shows understanding that seems to be lacking in the US cabinet

Posted in energy policy, Offshore Energy - General, UK, tagged , , , , on February 24, 2022| Leave a Comment »

Britain sees a “good, solid” future for the North Sea’s oil and gas industry and will issue new licences to expand output in the future, Energy Minister Greg Hands said on Tuesday.

“We need continued investment into the North Sea,” Hands told the International Energy Week online conference.

Reuters

Meanwhile, the US government seems intent on supporting legal and administrative actions that stymie offshore exploration and development. The US is sanctioning its own offshore industry during an international crisis centered around energy.

2021 was the first year in the history of the US offshore program dating back to the passage of the OCS Lands Act in 1953 without a single oil and gas sale, and there is no lease sale on the horizon. Most years have had multiple sales, regardless of the party in power. The only attempted 2021 sale (no. 257) was required by a Federal Court decision in Louisiana. That sale was annulled by a questionable DC court decision that the Federal government chose not to appeal.

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Reality check courtesy of Saudi Arabia

Posted in climate, energy policy, tagged , , , on February 8, 2022| Leave a Comment »

Prince Abdul Aziz bin Salman, Saudi Arabia's new energy minister | Arab News

This interesting Time Magazine interview with Saudi Arabia’s Energy Minister includes a discussion of the Kingdom’s decision to increase production capacity by 3 million bopd. A few excerpts follow:

Abdulaziz insists Saudi Arabia can roll out multibillion-dollar solar, wind, and hydrogen projects at home, even while remaining a giant oil producer. Choosing between the two is absurd, he says, and those who predict the inevitable decline of fossil fuel use are “living in a fantasy land.”

We believe oil consumption will continue to grow. The demand for oil will continue growing. At what level, I do not know, because the jury is out. Anyone who tells you that they have a good grasp of where and when and how much is certainly living in a fantasy land. We are human, and we could prove to be wrong, but that is exactly what we believe.

Three billion people lack any meaningful energy source, any clean energy, just for cooking. These people use biomass, everything, to burn, including cutting trees. Just to get through the day, they expose themselves to all sorts of hazards, including sickness and even death. For $500 million you would be able to give energy to 750 million people, in order to cook using clean energy, using propane energy, giving them a stove.

Saudi Arabia’s energy minister Prince Abdulaziz Bin Salman 

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