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Page added on September 19, 2017

UK oil and gas reserves will expire in 10 years

The UK’s oil industry could be entering its final decade of production, according to new research.

A study of output from offshore fields estimates about 10% of the nation’s original recoverable oil and gas remains.

If the predictions are correct, the UK would soon have to import all the oil and gas it needs, scientists have warned.

Academics behind the work are now urging the UK Government to use more renewable energy sources, particularly offshore wind and advanced solar energy technologies.

Professor Roy Thompson from the University of Edinburgh’s School of GeoSciences, who led the study, said: “The UK urgently needs a bold energy transition plan, instead of trusting to dwindling fossil fuel reserves and possible fracking.

“We must act now and drive the necessary shift to a clean economy with integration between energy systems.

“There needs to be greater emphasis on renewables, energy storage and improved insulation and energy efficiencies.”

Scientists from the University of Edinburgh examined the nation’s likely potential for fracking and carried out a fresh analysis of the country’s oil and gas production.

Analysis of hydrocarbon reserves shows discoveries have consistently lagged behind output since the industry’s peak in the late 1990s.

The research predicts that both oil and gas reserves – standing at 11% and 9% respectively – will run out within 10 years.

Scottish Conservative energy spokesman Alexander Burnett said: “If this turns out to be the case, it will be devastating for the north east economy.

“It’s now more essential than ever that both the Scottish and UK governments work together to maximise what’s left in the North Sea, and assist those who’ve suffered as a result of the downturn.”

The study, published in The Edinburgh Geologist, found that the UK has small potential for fracking.

This was because many possible sites are in densely populated areas, with low quality source rocks and complex geological histories.

A Scottish Government spokeswoman said: “The future for renewable energy is bright in Scotland and we have a record on growing the sector of which we are proud.

“Scotland’s offshore oil and gas industry also has a bright future, and, with the right regulatory and fiscal environment, the basin has up to 20 billion barrels of oil equivalent remaining, and this year has seen one of the biggest new discoveries of untapped oil in recent times.

“However it is the UK Government which retains most of the policy responsibility for the industry and which must use those powers to create the appropriate climate to protect jobs and investment.”

Further calls have been made to bring in more investment to the industry.

Deirdre Michie, chief executive of Oil and Gas UK, said: “There are up to 20 billion barrels of oil and gas resources still to be recovered on the UK Continental Shelf, based on production forecasts provided by the Oil and Gas Authority.

“To ensure the remaining potential of the UKCS is realised, we need to keep operating costs low, bring in new investment and maintain a relentless focus on exploration and enhanced recovery.”

Scottish Labour’s economy spokeswoman Jackie Baillie MSP said: “This is a worrying report about our oil and gas sector. It would be deeply regrettable if the predictions in this report come to fruition and we see oil and gas reserves only last another decade.

“We need to make sure we are investing in exploration to maximise new opportunities in oil and gas. However, this also reinforces the need for Scotland to move toward renewable energy, as well, which will provide new jobs and industry, and help preserve the environment too.”

A UK government spokesman said: “We do not recognise these figures.

“Research by the independent Oil and Gas Authority shows that in 2035, North Sea gas will still meet around a quarter of UK demand with oil from the same source meeting around a third.

“The UK Government is committed to ensuring a diverse energy mix and supplies that are reliable, affordable and clean.”

time and star

60 Comments on "UK oil and gas reserves will expire in 10 years"

Anonymous on Tue, 19th Sep 2017 5:08 pm

See the latest peak oil barrel post. There is a guy (literally, his moniker is “guym”) who is making hay out of the latest Texas RRC number being down. Idiot doesn’t understand that you have to correct the numbers. That current RRC is always low.

Keep seeing peak oilers make this error over and over. The funny thing is the peakers wanted to think they were smarter than the “sheople”. Innumerate. And illogical.

Cloggie on Tue, 19th Sep 2017 5:22 pm

Britain is currently at the forefront in implementing offshore wind, with many projects in the “pipeline”, like Hornsea, currently the largest project in the world:

https://deepresource.wordpress.com/2017/09/13/dong-to-build-worlds-largest-offshore-wind-park-hornsea-uk/

Probably related with the UK running out of fossil fuel.

DerHundistlos on Tue, 19th Sep 2017 6:36 pm

Hey Original fagtard-

You missed doing a copy and paste in this comment section so get on it.

Go Speed Racer on Tue, 19th Sep 2017 7:28 pm

It’s impossible to run out of oil.
It spontaneously generates in the ground.

Sissyfuss on Tue, 19th Sep 2017 8:31 pm

Gospelreader, back in the day when DIYers changed their oil the accepted practice of disposal was digging a hole behind the garage, dumping used oil in and Voilà, gone in a few days. I think this is the spontaneous generation you’re referring to, that is that all the dirty oil moterheads have been supposedly getting rid of lives to see another day. See, it is abiotic, sort of.

!Lucifer! on Tue, 19th Sep 2017 8:45 pm

The UK will collapse within 10 years, so i say to the people of the UK you have bigger things to worry about than the oil and gas.

Boat on Tue, 19th Sep 2017 9:58 pm

2 GW Offshore Windpower Planned for British Columbia

https://deepresource.wordpress.com/2017/09/15/2-gw-offshore-windpower-planned-for-british-columbia/

Add the Saudi and even Iran to countries adding wind. How much of that market will Elon Musk get.

Boat on Tue, 19th Sep 2017 10:12 pm

biggest players in the battery market.

EV Batteries: A $240 Billion Industry In The Making That China Wants To Take Charge Of

https://www.forbes.com/sites/jackperkowski/2017/08/03/ev-batteries-a-240-billion-industry-in-the-making/#6d923bbb3f08

antaris on Tue, 19th Sep 2017 10:27 pm

Boat our new socialist ndp gooverment I’m sure will kill any wind farm in BC. Just like they are killing off all other projects. We call theses assholes Horgens Heroes.

GregT on Tue, 19th Sep 2017 10:57 pm

“biggest players in the battery market.
EV Batteries: A $240 Billion Industry In The Making That China Wants To Take Charge Of”

EV batteries require finite resources Boat. Consuming finite resources is not sustainable.

GregT on Tue, 19th Sep 2017 11:04 pm

And Boat,

What would the point be of building a wind farm in BC? 94% of BC’s electric power generation already comes from hydro. Much more renewable than wind, but still not renewable without fossil fuels.

https://en.wikipedia.org/wiki/BC_Hydro

Duncan Idaho on Tue, 19th Sep 2017 11:12 pm

Batteries?
Still lithium ion, first commercialized by the Japanese in the early 1990’s.
It has been a while campers!
Let me know when anything scales—-
And can you say bottleneck?
I knew you could!

Boat on Tue, 19th Sep 2017 11:24 pm

greggiet,

I just report some of what I read of what is happening in the real world.

Like the clog and mak you misstate my position with regularity on several issues.

“Much more renewable than wind, but still not renewable without fossil fuels”.

You can quote this. FF will be used until humans don’t exist. However, I will cheer renewables/efficiency as tech takes out the amount of FF need to produce btu’s.

antaris on Tue, 19th Sep 2017 11:31 pm

Boat, by the way, the Haida Energy Farm is in the middle of no where surounded by a beautiful ocean and mountains. Never going to happen.

makati1 on Tue, 19th Sep 2017 11:37 pm

Boat, you have to be able to sort out the bullshit from reality when you read. You have to get past the brainwashing ans blinders to see the truth. And you have to read hundreds of articles about the subject to begin to get the big picture. That is why police interview as many witnesses as possible at an accident. To get a better picture of what happened.

Boat on Tue, 19th Sep 2017 11:54 pm

mak,

Your bullshit filter definitely came from a different manufacturer than mine. You know this. We’ll just agree to disagree on most topics. 4 years running I have won every day the imminent bullshit collapse story. I suggest a reassessment of your filter supplier.

Cloggie on Wed, 20th Sep 2017 1:40 am

It’s impossible to run out of oil.
It spontaneously generates in the ground.

The abiotic theory is that oil bubbles up from the interior of the earth and is flirted with by people with zero understanding of geology and oil.

Like the Rockman.lol

(and my insignificance, but my opinion doesn’t matter in this case)

Cloggie on Wed, 20th Sep 2017 1:42 am

What would the point be of building a wind farm in BC? 94% of BC’s electric power generation already comes from hydro. Much more renewable than wind, but still not renewable without fossil fuels.

Selling the electricity to your most beloved neighbor.

GregT on Wed, 20th Sep 2017 1:46 am

“4 years running I have won every day the imminent bullshit collapse story.”

Ignorance is your filter Boat, filters don’t get any more dense than that.

“You can quote this. FF will be used until humans don’t exist.”

Completely agree. FF will be used until humans finalize the sixth mass extinction event that they have already triggered, and they won’t exist after that. How many decades they have left, is still up for debate. One thing for certain, what you have experienced along the gulf so far, is a small taste of things to come. Things are not going to get better.

GregT on Wed, 20th Sep 2017 1:55 am

“Selling the electricity to your most beloved neighbour.”

Then why pursue an intermittent source of non-renewable electric power generation? There are still plenty of rivers, (and entire ecosystems), left to destroy in BC with non-renewable hydro electric, and cheaper too.

Boat on Wed, 20th Sep 2017 2:16 am

greggiet,

“Then why pursue an intermittent source of non-renewable electric power generation”?

Don’t you Canadians read books to know the answer? Your superior filter hasn’t come with ideas? What happened to your stock answer the red state Jews control everything.

Cloggie on Wed, 20th Sep 2017 2:20 am

Let me guess… the Canadian government has understood that Canada will need a lot of extra electricity to “fuel” its future e-vehicle fleet.

Three of these 2 GW wind parks in combination with endless Canadian potential for pumped hydro-storage would solve the e-vehicle fuel problem. Smart move Canada!

http://www.windpowernews.net/business-news/1.139772-dong-energy-signs-loi-with-naikun-for-offshore-wind-farm-in-bc-canada.html

Located in Hecate Strait, between Haida Gwaii and Prince Rupert on the British Columbia mainland, the Haida Energy Field location has some of the strongest, most-consistent winds in the world and comprises of a 550-square kilometer area. The project would feature bottom-fixed structures due to the shallow water at the project location… The Haida Energy Field could significantly contribute to meeting British Columbia’s future energy needs. Offshore wind is a key part of the global shift to increase the use of renewable energy and this project could help to propel British Columbia and Canada into the new energy economy.

makati1 on Wed, 20th Sep 2017 2:22 am

Boat, the US has been collapsing since 1970. It is reaching the hockey stick on the graph. Be patient. I have been observing it since 1970. Have you?

Do you know that EVERYONE was denying the possible collapse of Wall Street in 1929, until the day it happened and it was too late? Probably not. I doubt you are a student of history.

Look around. The collapse is everywhere. The median income of Americans is still at 1999 levels. Debt has hit record heights. 41 million on food stamps. Millions of families homeless. Crumbling infrastructure. Store chains that have been in business for 100 years are going bankrupt. The dollar is collapsing with every country that turns away from it. And on and on.

Deny all you want, but that 2X4 of reality is going to hurt. The boomerang of greed is coming home. You fantasy world is crumbling all around you while you stick your fingers in your ears and go: “LA LA LA LA I can’t hear you.

Cloggie on Wed, 20th Sep 2017 2:23 am

What happened to your stock answer the red state Jews control everything.

There is hardly such a phenomenon as a “red state jew”. These folks overwhelmingly vote Democrats, just like you.

GregT on Wed, 20th Sep 2017 2:25 am

“Don’t you Canadians read books to know the answer? Your superior filter hasn’t come with ideas?”

We already have 100% hydro here, as renewable as it gets, non-renewable hydro electric power generation Boat. No need to read books to understand the answer. And Boat, WTF does red state Jews have to do with anything? All Jews are not Zionists, and not all Zionists are Jews. Perhaps you might consider reading a book, instead of your regularly scheduled programming? (the programming that you choose to pay for)

Boat on Wed, 20th Sep 2017 2:58 am

greggiet,

Hell, I learned about the red jew state from you Canadians. And then the clog came along. So now it’s just the Zionist Jews that control parts of the world with their red state. If I google that will I get a list of their atrocities? If I google countries controlled by Zionists will the EU, China, Japan, US etc news outlets give different lists? lol

GregT on Wed, 20th Sep 2017 2:59 am

“Let me guess… the Canadian government has understood that Canada will need a lot of extra electricity to “fuel” its future e-vehicle fleet.”

Good guess Cloggie, but no basis in reality. The Canadian government does not control large multinational corporations, but rather the other way around, and there isn’t any such thing as a ‘future e-vehicle fleet’ without fossil fuels. Why you continue to play this silly little game, is beyond comprehension.

GregT on Wed, 20th Sep 2017 3:09 am

“Hell, I learned about the red jew state from you Canadians.”

Boat, you obviously lack the intelligence to learn anything at all. Otherwise you would stop spewing complete and utter nonsense.

Cloggie on Wed, 20th Sep 2017 3:21 am

there isn’t any such thing as a ‘future e-vehicle fleet’ without fossil fuels. Why you continue to play this silly little game, is beyond comprehension.

Slowly.

Windturbines produce electricity > electricity will be used to charge e-vehicle batteries > e-vehicles drive without emissions.

It is not rocket science, Greg.

You can use electricity from wind turbines to produce new wind turbines. EROI = 20 remember?

All great energy thinkers will agree that in principle a 100% renewable energy base is possible. The EU for instance has based its energy policy on this goal.

Everybody knows it is possible.

But you, a stubborn ecologist-fundamentalist (like Heinberg and full of ideas about Chief Seattle and a green world) doesn’t want that to happen. So in your view it won’t happen, a classic example of wishful thinking, you share with Davy.

You want to see industrial civilization destroyed with 6.5 billion people killed, so the wonderful earth and nature can be freed from the “cancer monkeys”.

Not going to happen.

Boat on Wed, 20th Sep 2017 3:48 am

General Motors making massive wind purchase to power 7 plants

General Motors is making a big investment in wind power.

The automaker announced that it is purchasing 200 megawatts of wind energy from wind farms in Ohio and Illinois, and that once the turbines are online next year, 20% of the company’s global electricity usage will be powered by renewables. The electricity generated will supply seven plants, including those that make the Chevrolet Cruze and Silverado and GMC Sierra light-duty pickups, according to a news release.

GM announced last year that it intends to source all electricity needs at its facilities worldwide with renewable energy by 2050.

http://www.freep.com/story/money/cars/general-motors/2017/09/19/general-motors-wind-power/681101001/

Cloggie on Wed, 20th Sep 2017 4:00 am

LG announced a new 365 Watt solar panel last week:

https://deepresource.wordpress.com/2017/09/20/lg-365-watt-solar-panel/

26% power increase as compared to what was standard until now (the 290W I have on my roof).

Cloggie on Wed, 20th Sep 2017 4:08 am

General Motors is making a big investment in wind power.

That will be a very important factor to get the transition into higher gear: big established companies providing for their own power. In the US GM, Google, Apple, to provide themselves with a green image.

https://deepresource.wordpress.com/2017/08/04/100-companies-committed-to-corporate-renewable-energy/

https://deepresource.wordpress.com/2017/08/16/schiphol-airport-to-run-on-100-renewable-energy-in-2018/

Go Speed Racer on Wed, 20th Sep 2017 6:46 am

Remember everybody, no using any power
at night. And when the wind stops blowing,
dont use any power at that time either.

Apneaman on Wed, 20th Sep 2017 8:32 am

“Everybody knows it is possible.” That is an extraordinary statement. Can you prove it? I mean outside of your own imagination?

clog, what about the mining of minerals? When is that going to be powered by electricity and not diesel? How many alt powered foundries are there?

“You want to see industrial civilization destroyed with 6.5 billion people killed, so the wonderful earth and nature can be freed from the “cancer monkeys”.”

So what if he does? Do you believe that it is more likely to happen if someone whishes it? Besides, that still a billion short.

I told you before it’s already too late for industrial civilization and thus the entire human species. It has noting to do with wishing and everything to do with planetary physics, chemistry and biology. Inertia. It’s in the pipe.

If you look just a little bit closer you can see the pattern of increasing disasters – fast & furious.

Over $2 Billion In US Fire Suppression Costs From This Year’s Wildfire Season

“That figure represents a substantial increase from the previous record year of 2015, which saw the agency spend $1.7 billion on fire suppression efforts.

To be clear here, these figures relate solely to US Forest Service costs and don’t include figures from federal, state, or local firefighting agencies.

Altogether, 2017 has been an unprecedented year in the US (and in many other parts of the world as well) with regard to forest fires. At this point, it should be clear that the predictions that wildfires will become increasingly common and severe over the course of the century as a result of anthropogenic climate change have something substantial to them.”

https://cleantechnica.com/2017/09/19/2-billion-suppression-costs-years-wildfire-season-us/

WoW, it took a whole 2 years to break the last record. See what I mean about fast and furious? This record will be broken again & again & again, as will all the others.

Boat on Wed, 20th Sep 2017 10:47 am

ape,

We will all watch the destruction as it mounts. A monthly set of comprehensive charts would be more informative than blow by blow hysteria.

GregT on Wed, 20th Sep 2017 10:48 am

“Windturbines produce electricity > electricity will be used to charge e-vehicle batteries > e-vehicles drive without emissions.”

Slowly.

Wind turbines are manufactured, distributed, installed, and maintained with fossil fuels. All of the parts that make up the electric grid are manufactured, distributed, installed, and maintained with fossil fuels. E-vehicles are manufactured, distributed, and maintained with fossil fuels. The infrastructure that they are driven on, is built, and maintained, with fossil fuels. E-vehicle batteries are manufactured, distributed, installed, and maintained with fossil fuels. All of the above require economies of scale, that are completely reliant on fossil fuels. Economies of scale require human beings, that are being fed with industrial agricultural practices, that are completely reliant on fossil fuels.

No fossil fuels, no wind turbines, no electric grid, no e-vehicles, no e-vehicle batteries, no infrastructure to drive them on, no economies of scale to pay for all of the above, and a massive reduction in human population numbers.

It is not rocket science, Cloggie.

GregT on Wed, 20th Sep 2017 10:51 am

“We will all watch the destruction as it mounts.”

And some of us have been watching that destruction closer to home than others, yet still remain completely ignorant of reality. No monthly charts are necessary. Take a look out of the window.

Rich on Wed, 20th Sep 2017 10:56 am

Certainly it is agreed by 2040, the North sea won’t be producing much at all.

The recent decommission of one of the platforms is beginning of that change.

Cloggie on Wed, 20th Sep 2017 10:56 am

It is not rocket science, Cloggie.

We have been through this discussion tens of times. Be happy in your belief that you know better than all these engineers and scientists all over the world who are busy setting up that renewable energy base.

That belief is easier than actually diving in the physics of energy.

GregT on Wed, 20th Sep 2017 11:06 am

“We have been through this discussion tens of times.”

And you still completely ignore the fact that fossil fuels are used to manufacture, distribute, install and maintain all of the above, and that the burning of fossil fuels are the primary reason for planetary human population overshoot, and the destruction of the one and only planet that the humans will ever have to call home. Mother nature does not give a rat’s ass about the humans’ beliefs in the physics of energy, or any of their ‘discussions’.

Boat on Wed, 20th Sep 2017 1:06 pm

greggiet,

We already decided it’s unprotected sex that causes population overshoot. Now if humans fucked down a few billion you would see all that destruction moderate to a sustainable level. Let’s try a recreational drug or drink that chemically castrates. Those with children get it free.

MASTERMIND on Wed, 20th Sep 2017 2:20 pm

makati- The US ship will hold for another few years. Until the oil shortages come and then we all go to sleep.

GregT on Wed, 20th Sep 2017 2:37 pm

“We already decided it’s unprotected sex that causes population overshoot.”

We? Do you have a multiple personality disorder?

Population overshoot of any species is a result of the availability of energy. Any species that has a surplus of energy will grow, any species that does not have a surplus of energy will either maintain homeostasis, or if it doesn’t have enough energy, it will die off. Human beings, in this regard, are no different than any other living thing.

Cloggie on Wed, 20th Sep 2017 3:43 pm

I don’t ignore that at all, but you keep suggesting that oil is irreplaceable, which is simply false. Energy is energy.

“1 kwh = 1 kwh”

But I understand very well that you are privately so heavily invested in your collapse narrative and probably convinced your wife that it would be best to disappear in the jungle while waiting for the disaster to unfold that now there is no way back.

#WaitingForGoddot

And we keep each other busy ping-ponging the ever same arguments.

Davy on Wed, 20th Sep 2017 4:07 pm

“1 kwh = 1 kwh” is true at the very basis of the physics of energy and that basis is where the 1 to 1 ends. Using this 1 to 1 as an argument for an energy transition is being mentally lite or a sales pitch from a snake oil salesman. ping-pong

rockman on Wed, 20th Sep 2017 4:32 pm

Cloggie – Perhaps you missed but long ago the Rockman accepted that all oil had an abiotic origin. Unfortunately that doesn’t change the basic problem: regardless of how the oil was created we can only produce it after we discover where it has accumulated. And over the decades we’ve gotten really f*cking good at doing that. LOL.

With very few exception those remaining accumulations of abiotic oil we discover are not only getting smaller but more expensive to develop. That’s the real problem…not arguing about the origin of oil.

Cloggie on Wed, 20th Sep 2017 4:52 pm

Fully understand that Rockman.

makati1 on Wed, 20th Sep 2017 5:38 pm

MM, it is not oil that will determine the fall of the FSofA, it is DEBT and greed. The oil will be there after. You just will not have money to buy it at any price. Food and shelter will be your main concern. And surviving the police state.

Davy on Wed, 20th Sep 2017 5:41 pm

the overpopulated states of Asia will succumb to famine long before the fall of FSofA. This will leave plenty of oil for the FSofA.

Davy on Wed, 20th Sep 2017 6:04 pm

“Long-Awaited ‘Asian Century’ Might Never Come”
http://tinyurl.com/ya4cuc38

“People in the West, certainly Americans, have long had a fascination with the East, with many predicting an inevitable “Asian century” marked by economic and market dominance. I have long disagreed with the consensus on China and other Asian Tigers, and others are beginning to agree.”

“1. Globalization is largely completed. There isn’t much manufacturing in North America and Europe left to be moved to lower-cost developing economies. At the same time, the West is basically saturated with Asian exports, and those countries are competing fiercely among themselves for limited total export demand. “

“2. The shift from being export-led economies to ones driven by domestic spending, especially by consumers, has been slow. Chinese leaders want this transition, but it is moving at glacial speed”

“3. There are government and cultural restraints. Almost all developing Asian economies are tightly controlled by governments. Top-down regimes stoutly resist reform and often persist until they’re overthrown by revolutions. “

“4. Population problems endure. Despite the need for new workers in Japan as its population falls and ages, women are still discouraged from entering the labor force, and Japan continues to be unwelcoming toward newcomers. “

“5. Military threats are growing in Asia, and could severely disrupt stability and retard economic growth if they flare up. China is exercising its military muscles by challenging U.S. military influence in the region by, among other actions, building military islands on reefs in the South China Sea. Japan is abandoning its post-World War pacifism and shifting from defensive to offensive capabilities. The Russians are also making military threats. The region contains five nuclear-armed countries: China, India and its rival Pakistan, Russia, and — most troubling — North Korea, which is testing long-range missiles.”

UK oil and gas reserves will expire in 10 years

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