 |
||||||||||||||||||||||||||||||||
| Industry Insights From MJMENERGY |
UK Energy Review/2 Issue |
September 2006 |
||||||||||||||||||||||||||||||
 |
||||||||||||||||||||||||||||||||
Download printable pdf |
||||||||||||||||||||||||||||||||
|
This month’s article continues our review of the UK Government’s recent Energy Review. There are two main objectives that the UK Government has identified as being significant in future power generation; one being security of supply and the other being reducing carbon output. Last month we took a look at the carbon market and the effect the UK is having on total Global Emissions and what the UK plans to do about it in conjunction with Europe and the EU ETS. We explored distributed energy and the effect that could have on communities, as well as Oil, Gas and Coal and how they make up the UK energy mix. This month we continue our theme and explore new technology in Carbon Capture and Storage (CCS) as well as new nuclear build, as outlined in the UK Energy Review 2006. |
||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||
 |
||||||||||||||||||||||||||||||||
Hello and welcome to the September issue of MZINE, our free monthly e-newsletter. We finish our look at the UK 2006 Energy Review this month see MSTORY for our main article. MPRICES looks at the spot Oil Forward Curve, whilst at MPHASIS Derek has discovered a shop that holds all the answers for microgeneration! Don't forget to check out our thought of the month at MPATHY. At MTRAIN I have listed all of our scheduled 2006 training dates to help you plan for the rest of this year. As always, all of our courses are kept up-to-date with the latest information and there are still spaces available. So if you are new to the Energy Industry, or need to brush up on some of those old skills, or need to know just what to do with your carbon allowances (and I don't mean bury them!) why not give us a call? MFEATURE is republished with permission of Environment Daily, http://www.endseuropedaily.com If you are planning to go to EAGC this year, look out for Derek and me, we will be there and it would be great to say hello to any of our readers. Please feel free to contact me about this newsletter and let me have your thoughts, what you like and don't like, I am open to your suggestions. And if you have enjoyed reading this newsletter and think you know someone who might also enjoy it then feel free to forward it on. Kind regards. |
||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||
Below is our list of one-day training courses scheduled to the end of 2006. They are being held in London, England and Aberdeen, Scotland. More information about these courses can be found by clicking on the course title or visiting www.energytrainingnetwork.com/public_courses.htm and clicking on the course that interests you. We have now added detailed course outlines for some of our courses available in virtual catalogue or pdf! Alternatively you can contact me by email or phone +44 (0) 1235 553917, fax +44 (0) 1235 553917. Any of our public courses can be held at your location, for your company, or they can be tailor made to your requirements. If you want to find out more contact our Training Manager Nick White +44(0) 1235 211161 and get ahead of the rest.
|
||||||||||||||||||||||||||||||||
|
OTHER DATES
|
||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||
THE FORWARD CURVE Slower economic growth, rising crude supplies, impending refinery turnarounds and the end of the gasoline season have taken some of the heat out of the oil market. The front end of the WTI forward curve fell sharply, extending the contango out to twelve months ahead. Gasoline crack spreads fell sharply as the market turned its attention to middle distillates with winter approaching. However, heating oil crack spreads remain firm and are expected to widen.
A shortage of refinery upgrading capacity continues to support high margins. Demand for transport fuels is still growing, but residual fuel oil is in decline – adding to the pressure on upgrading capacity as surplus fuel oil competes with crude as a refinery feedstock. Calendar 2007 WTI eased to $75.3/bbl – equivalent to $74.5/bbl for Brent or just under $70/bbl for the new OPEC basket of crudes.
CGES Monthly Oil Report, 21 August 2006 www.cges.co.uk |
||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||
|
For love was offered me, and I
shrank from its disillusionment; To put meaning in one's life may
end in madness, (Edgar Lee Masters) |
||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||
|
mOFFERS If you have not
printed off our free Conversion chart and would like to, do
so here. You can
print off and carry it with you wherever you go.
|
||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||
|
|
||||||||||||||||||||||||||||||||
   |
||||||||||||||||||||||||||||||||
|
MJMENERGY LTD have provided all the information in this newsletter free of charge to anyone who wishes to read it. We cannot be held responsible for any inaccuracies although all information is believed to be correct at time of publication. Whilst articles published in this newsletter often carry a particular point of view, publication of them does not imply that we necessarily agree with them. Anyone wishing to contact the editorial team with regards to any of the above articles should email: editor@mjmenergy.com, or phone +44 (0) 1235 553917 Copyright © 2006, MJMENERGY LTD. All rights reserved (but feel free to copy, post, quote, think about or forward on) |
||||||||||||||||||||||||||||||||
