All articles by Ed Pearcey

US Election: what a Trump or Harris victory means for the hydrocarbons sector

US voters go to the polls tomorrow (5 November) to elect their next president. As one of the closest US…
UK Government confirms rise in oil and gas industry headline tax rate

Rachel Reeves, the UK’s Chancellor of the Exchequer, has delivered the first Labour Party Budget Statement for 14 years, and…
IEA head hails new “age of electricity” after fossil fuel peak

With fossil fuel growth and demand set to peak within the next five years, the world is on the verge…
UK makes £22bn commitment to fund carbon capture and storage

Rachel Reeves, the UK Chancellor, has announced plans to commit almost £22bn ($28.97bn) to fund carbon capture and storage (CCS)…
GlobalData: Oil and gas industry slows its energy transition

The global oil and gas industry is now refocusing on fossil fuels and away from the energy transition as heightened…

UN head says fossil fuels are “cooking our planet” and need to go

UN secretary-general António Guterres has asked world leaders to remove oil and gas from the energy mix and stop further…
Electrification should not be seen as oil’s “great rival”, says OPEC head

Electrification should not be seen as oil’s “great rival” and energy sources are not “locked in a zero-sum game”, according…
IEA sees slowing oil demand for 2024 as China’s consumption drops

The current slowdown in global demand for oil looks set to continue as China’s “post-pandemic rebound” seems to have run…
BP sees global oil demand peaking next year

Energy giant bp has said that global oil demand will peak as early as 2025, with renewable energy sources growing…
Starmer appoints Ed Miliband as Energy Secretary as new UK cabinet forms

Ed Miliband has been confirmed as the Secretary of State for Energy Security and Net Zero, as Keir Starmer forms…