Latest news with #gascompanies
The Sun
3 days ago
- Business
- The Sun
Three gas companies penalised £8m for failing to attend emergencies on time
THREE gas companies have been penalised £8million for failing to attend emergencies on time, potentially leaving customers at risk. Southern Gas Networks will pay £5.8million, Cadent £1.5million and Scotland Gas Networks £700,000. Companies maintain the gas network and must attend reports of any suspected leaks within one or two hours, depending on the circumstances. They must arrive in one hour for uncontrolled gas escapes and two hours for controlled leaks in at least 97 per cent of cases. Southern Gas Networks was handed the largest penalty after it missed the 97 per cent target by 5.1 per cent. Cadent was 1.8 per cent adrift, with Scotland Gas Networks 0.4 per cent. Energy watchdog Ofgem looked at their failure to hit targets between 2022 and 2023. The investigation covered Cadent's North London and North West regions, and the other distributors' Scottish and Southern areas. Cathryn Scott, Ofgem's director of market oversight and enforcement, said: 'The potential risk to households and businesses if gas leaks aren't investigated quickly is significant.' She said Ofgem won't hesitate to take action when companies fail to meet their obligations. The companies voluntarily agreed to pay the penalties. The cash will go into Ofgem's redress fund, which provides money for projects supporting vulnerable energy consumers. 1 HOME PLUNGE HOUSE sales plunged last month as changes to stamp duty hit first-time buyers, figures show. There were 64,680 sales in April — a third of the number in March. The figure was also well down on April last year, according to HMRC. From April 1, first-time buyers have paid stamp duty on homes above £300,000, down from £425,000. PETROL'S FALL AVERAGE petrol pump prices have fallen to their lowest level for almost four years, but experts predict they will not go lower. They reached 132.3p a litre on Thursday, down from about 135.5p in early April, according to the AA. But it said the impact of low oil prices remains 'disappointing and frustrating' for motorists. GOOD WEEK: DEBBIE Crosbie, boss at Nationwide, after the building society reported a 30 per cent leap in profits to £2.3billion.
Washington Post
4 days ago
- Business
- Washington Post
Wrongful death lawsuit says Big Oil contributed to heat wave and woman's death
In one of the nation's first wrongful-death claims seeking to hold the fossil fuel industry accountable for its role in the changing climate, a Washington state woman is suing seven oil and gas companies, saying they contributed to an extraordinarily hot day that led to her mother's fatal hyperthermia. The lawsuit filed in state court this week says the companies knew that their products have altered the climate, including contributing to a 2021 heat wave in the Pacific Northwest that killed 65-year-old Juliana Leon, and that they failed to warn the public of such risks.
Forbes
6 days ago
- Business
- Forbes
The Convergence Of Gas And Power
Junaid Ali is the CEO of Prismecs, a leading energy solutions provider that delivers thousands of MW of power globally. getty The energy landscape is shifting significantly, and I see gas companies as central to this transformation and changing their roles to help confront the dual challenges of energy demand. No longer confined to the extraction and distribution of natural gas, companies within this sector are increasingly stepping into the realm of power generation. Simply, with their existing infrastructure and expertise, gas companies are uniquely positioned to lead compared to coal-generated power plants. But this shift is not just a strategic choice—it's becoming an industry necessity. Traditional power generation methods, primarily dependent on centralized systems, are proving inadequate in the face of modern energy demands and climate challenges. Whether driven by economic pressures, regulatory changes or the imperative to reduce carbon emissions, these companies are being pushed to reinvent themselves as key players in the power sector. Centralized power systems have long been the backbone of our energy infrastructure. Global electricity demand is expected to grow by 60% by 2040, driven by urbanization and the electrification of transport and industry. Traditional power grids, designed for when energy was generated far from where it was used, are struggling to keep up with this growth. This is where gas companies come in. With the sharp decline of coal-fueled power and the steady transition away from oil, natural gas has become a promising bridge in the shift to cleaner energy sources. Distributed power generation, where electricity is produced closer to where it's consumed, offers a solution to the inefficiencies of the traditional grid. With 40% or lower carbon emissions than coal when burned, natural gas is becoming a critical bridge in the transition to cleaner energy. It pairs effectively with renewable sources like wind and solar by providing backup power during intermittent periods. For instance, General Electric (GE) reports that some natural gas turbines now achieve over 60% efficiency in combined-cycle operations, making them ideal for distributed systems. Gas companies have an advantage in this transition due to their extensive existing infrastructure. The pipelines, storage facilities and distribution networks built for natural gas can be adapted for power generation. This allows gas companies to expand into the power sector with lower capital investment than building entirely new infrastructure from scratch. Moreover, natural gas's ability to complement renewables is crucial. Combined-cycle plants use natural gas and can ramp up quickly to provide power when solar and wind generation falter. For example, Dominion Energy and Southern Company are expanding their portfolios to include not only natural gas but also wind and solar projects. These efforts position them as leaders in the energy transition, showcasing how gas companies can support renewable integration while maintaining reliability. Governments worldwide are implementing ambitious climate policies, pushing for cleaner energy sources. For instance, the European Union (EU) aims to reduce "net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels." Economic incentives are also driving the shift. The cost of renewable technologies has plummeted over the past decade, and the U.S. Energy Information Administration (EIA) reports that solar photovoltaic costs have fallen by over 80% since 2010, while wind power costs have dropped by 40%. Natural gas can complement these renewables, offering reliability and flexibility and allowing companies to diversify revenue streams as traditional natural gas applications plateau. The transition of gas companies into power generation is reshaping the energy ecosystem. These companies address grid stability and energy storage challenges by providing gas and electricity while driving innovation through partnerships with renewable energy developers and technology firms. For instance, Chevron has partnered with renewable energy companies to develop hybrid systems that combine natural gas with solar and wind power. According to the company, these projects deliver a stable, reliable energy supply while significantly reducing emissions compared to traditional fossil fuel-based power generation. The transformation of gas companies into power companies marks a pivotal moment in the energy sector, one that forward-thinking companies can seize. Expertise in natural gas and extensive infrastructure make those in this sector as indispensable in creating a low-carbon energy future. The pressures driving this change—economic, regulatory and environmental—are only intensifying. The IEA emphasizes that natural gas will remain a cornerstone of the energy mix through 2040, mainly as a complement to renewables. Therefore, the future of energy is decentralized, flexible and sustainable. By taking on this new role, leaders in gas are not just responding to market pressures but also helping to shape the future of the global energy system. I am committed to supporting this transition and believe it represents one of the most significant opportunities of our time. I am certain that companies that seize this opportunity will play a central role in meeting the challenges of the 21st century, ensuring energy systems are ready for a sustainable and dynamic future. Forbes Business Council is the foremost growth and networking organization for business owners and leaders. Do I qualify?
Trade Arabia
13-05-2025
- Business
- Trade Arabia
Abu Dhabi issues rules on gas works in buildings
Abu Dhabi Department of Energy (DoE) has issued a new decision regulating works related to gas supply in buildings. The regulation sets forth the mandatory requirements and controls for overseeing all gas operations in buildings throughout Abu Dhabi, including free zones. The regulation seeks to raise the level of technical safety in existing buildings and ensure proper gas supply operations, across all types of use, said a statement. Dr Abdulla Humaid Al Jarwan, Chairman of DoE, emphasised the significance of combined efforts and collaboration among all concerned companies and individuals to uphold security and safety standards for gas systems in buildings. He pointed out that the issuance of the regulations constitute a strategic move towards governing the gas sector with greater effectiveness and foresight, particularly considering the emirate's ongoing economic and urban expansion. Al Jarwan said: 'These regulations encompass the mandatory obligations for gas system companies and technicians operating in this sector. Also, they cover all gas-related activities within buildings, which include the processes of construction, installation, filling, operation, testing, examination, and maintenance of gas systems, along with the activities associated with the supply of gas to these premises.' Accordingly, the regulations stipulate primary obligations for gas system companies and technical personnel. Key among these is the requirement to keep precise operational and maintenance logs, submit certified technical plans when requested, and commit to the prompt notification of any incident or possible leak within gas systems. DoE plans to publish a guideline document addressing the regulation of all technical and administrative facets associated with gas works. This document will contain standard forms for approved permits, licences, and records, which will help simplify adherence by companies and concerned parties to the provisions of the regulations. Effective upon publication, the regulations represent a key measure in advancing sectoral governance and promoting higher levels of compliance with public safety standards across Abu Dhabi. In accordance with the newly issued regulations, the use of gas cylinders is banned in buildings that have a certified central gas network. Likewise, the installation of gas storage tanks is prohibited in buildings with active underground connections, to strengthen safety systems and minimise the risk of potential incidents. The regulations grant oversight authorities to DoE inspectors and certified third-party inspection (TPI) agencies. These powers include accessing buildings, examining systems, and collecting gas samples, for the purpose of verifying conformity to standards and guaranteeing compliance with safety and preventative measures. The regulations mandate that all companies licensed to supply gas systems secure specific permits from DoE. It also requires individuals responsible for buildings to contract licensed companies for periodic inspections and for handling any emergency cases that may arise. The regulations ensure stringent measures are in place to uphold the highest safety standards for gas works within buildings. A schedule outlining 20 administrative violations along with corresponding penalties, which range from AED500 to AED2 million, is included. Significant penalties were adopted for procedural violations, particularly concerning unlicensed operation, violation of safety measures, stipulations, and approved controls intended to protect consumers from hazards resulting from building gas works, and failure to promptly report incidents. The regulations provide a 30-day grace period for concerned individuals and companies to adjust their situations according to their terms. This period may be extended to 90 days, subject to the DoE's consent, to allow adequate time for fulfilling technical and organisational requirements. Through this step, DoE encourages gas companies, TPIs, inspectors, and personnel in the sector to register with DoE and to communicate their insights, difficulties and proposals via DoE's established channels, the statement said. –
Zawya
13-05-2025
- Business
- Zawya
Abu Dhabi Department of Energy issues decision on regulation of gas works in buildings across the emirate
Abu Dhabi: Abu Dhabi Department of Energy (DoE) has issued Decision No. (14) concerning the Regulation of Gas Works in Buildings. The regulations set forth the mandatory requirements and controls for overseeing all gas operations in buildings throughout Abu Dhabi, including free zones. The regulations seek to raise the level of technical safety in existing buildings and ensure proper gas supply operations, across all types of use. His Excellency Dr Abdulla Humaid Al Jarwan, Chairman of DoE, emphasised the significance of combined efforts and collaboration among all concerned companies and individuals to uphold security and safety standards for gas systems in buildings. His Excellency pointed out that the issuance of the regulations constitute a strategic move towards governing the gas sector with greater effectiveness and foresight, particularly considering the emirate's ongoing economic and urban expansion. The regulations also align with the DoE's endeavours to establish a clear and comprehensive regulatory framework that requires all relevant businesses and individuals to acquire formal permits and consents, while rigorously complying with best practices and certified technical norms, guaranteeing a secure environment for people and assets. His Excellency Al Jarwan said: 'These regulations encompass the mandatory obligations for gas system companies and technicians operating in this sector. Also, they cover all gas-related activities within buildings, which include the processes of construction, installation, filling, operation, testing, examination, and maintenance of gas systems, along with the activities associated with the supply of gas to these premises.' Accordingly, the regulations stipulate primary obligations for gas system companies and technical personnel. Key among these is the requirement to keep precise operational and maintenance logs, submit certified technical plans when requested, and commit to the prompt notification of any incident or possible leak within gas systems. DoE plans to publish a guideline document addressing the regulation of all technical and administrative facets associated with gas works. This document will contain standard forms for approved permits, licences, and records, which will help simplify adherence by companies and concerned parties to the provisions of the regulations. Effective upon publication, the regulations represent a key measure in advancing sectoral governance and promoting higher levels of compliance with public safety standards across Abu Dhabi. In accordance with the newly issued regulations, the use of gas cylinders is banned in buildings that have a certified central gas network. Likewise, the installation of gas storage tanks is prohibited in buildings with active underground connections, to strengthen safety systems and minimise the risk of potential incidents. The regulations grant oversight authorities to DoE inspectors and certified third-party inspection (TPI) agencies. These powers include accessing buildings, examining systems, and collecting gas samples, for the purpose of verifying conformity to standards and guaranteeing compliance with safety and preventative measures. The regulations mandate that all companies licensed to supply gas systems secure specific permits from DoE. It also requires individuals responsible for buildings to contract licensed companies for periodic inspections and for handling any emergency cases that may arise. The regulations ensure stringent measures are in place to uphold the highest safety standards for gas works within buildings. A schedule outlining 20 administrative violations along with corresponding penalties, which range from AED500 to AED2 million, is included. Significant penalties were adopted for procedural violations, particularly concerning unlicensed operation, violation of safety measures, stipulations, and approved controls intended to protect consumers from hazards resulting from building gas works, and failure to promptly report incidents. The regulations provide a 30-day grace period for concerned individuals and companies to adjust their situations according to their terms. This period may be extended to 90 days, subject to the DoE's consent, to allow adequate time for fulfilling technical and organisational requirements. Through this step, DoE encourages gas companies, TPIs, inspectors, and personnel in the sector to register with DoE and to communicate their insights, difficulties and proposals via DoE's established channels.
