It’s an alarming thought to those of us with vested interests in the renewables future (and if you’re not sure that includes you, remember you share this planet so it does..!). The cost of producing renewable energy is decreasing. Wind farms cost less. China is selling solar panels that now cost 61 cents per watt…

Certainly in recent weeks there has been considerable upheaval, and most of it generated by Russian actions. It faces ongoing western sanctions as a result of the Ukrainian crisis, the collapse in its plan to move business to China because of its unforeseen economic slowdown and to make matters worse, a return to low oil…

Experts have predicted that the aging workforce will have a significant impact on future labour and skills shortages, which will be detrimental to the Oil and Gas sector in years to come.  In an industry where no-one thinks twice about investing multibillions in technological advances or product development, it is odd that so very little…

This week the boss of the Mexican oil industry perfected the understatement. “Without doubt, the start of round one didn’t have the momentum we were hoping for,” said Juan Carlos Zepeda, who runs the country’s oil regulator CNH. Round one was the beginning of the Mexican President’s signature economic reform. Enrique Pena Nieto won over…

Here at Precise HQ we’ve never really understood those people who don’t see the beauty in the great whirling white windmills, proudly standing atop hills and in the sea, built to protect the environment. Onshore and off, the reassuring thump as the blades blow round is a constant reminder that it is creating energy from…

Not so. In fact what George Osborne did was to announce that renewable energy will no longer be exempt from the Climate Change Levy. The levy applies to energy consumed by business and the move is predicted to raise £1bn a year for the Treasury. It’s estimated that the changes would cost green energy producers…

Remember the heady days of 2007? Petrobras was going to save Brazil by generating so much wealth the country would take on developed world status. It estimated in 2012 it would be producing 3.5m bpd of oil and gas and by 2015, 4.6m bpd. Sadly, the reality today is that it is turning out 2.8m…

Fears of a detonation of oil prices following a deal on Iran’s nuclear future were thankfully not realised this week. It has nearly 10% of global oil reserves and 18% of natural gas reserves, and at its height had output of anywhere between 5m – 6m bpd of oil. It also has as much as…