Making progress
2019 has been a somewhat uncertain
year, and with a stalled Brexit there’s still
little sign of a more stable and settled
period on the horizon for businesses.
And now with the turmoil of a
general election before Christmas,
the best efforts of our industry bodies
to get their messages across relating
to the vital role oil can play in the
decarbonisation process, is in abeyance.
In Cape Town last month, there was
fighting talk. Speaking during Africa Oil
Week, NJ Ayuk, CEO of Centurion Law
Group and the executive chairman of
the African Energy Chamber said:
“Africa’s time to grow and develop
is finally here, and it will be funded by
its natural resources. While there is
demand for hydrocarbons, there will
be production; demonising oil and gas
companies is not a constructive way
forward on energy transition.”
In common
with many oil
suppliers across
the UK, Ireland
and beyond, Africa is seeing a shift in
the supply and demand dynamic. Oil
& gas companies are restructuring and
diversifying their portfolios to include
renewable energy assets with many at
the forefront of research & development
into new technologies helping to exploit
renewable resources.
It’s certainly true that ‘no one
is too small (or too big) to make a
difference’ with many in our industry
agreeing that everything does need
to change, and that this change has
already started; what remains in
question is at what speed?
In an article covering Africa Oil
Week, South Africa’s energy minister,
Gwede Mantashe said:
“Energy is the catalyst for growth,
they even want to tell us to switch off
all the coal-generated power stations,
until you tell them, you know we can do
that, but you’ll breathe fresh air in the
darkness.”
Wishing all Fuel Oil News’ readers a
warm and bright festive season!
Celebrating its 50th anniversary, the Humber refinery is not only the
UK’s sole coking refinery, it is also Europe’s largest producer of anode
coke. Fuelled by growing demands of mobile phones and electric
cars, these markets are forecast to keep growing well into the 2030s
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Volume 42 No 12
ISSN 1757-1057
Fuel Oil News | December 2019 3