• 40 mins Iran Prepares To Export LNG To Boost Trade Relations
  • 3 hours Keystone Pipeline Leaks 5,000 Barrels Into Farmland
  • 9 hours Saudi Oil Minister: Markets Will Not Rebalance By March
  • 14 hours Obscure Dutch Firm Wins Venezuelan Oil Block As Debt Tensions Mount
  • 18 hours Rosneft Announces Completion Of World’s Longest Well
  • 20 hours Ecuador Won’t Ask Exemption From OPEC Oil Production Cuts
  • 24 hours Norway’s $1 Trillion Wealth Fund Proposes To Ditch Oil Stocks
  • 1 day Ecuador Seeks To Clear Schlumberger Debt By End-November
  • 1 day Santos Admits It Rejected $7.2B Takeover Bid
  • 1 day U.S. Senate Panel Votes To Open Alaskan Refuge To Drilling
  • 2 days Africa’s Richest Woman Fired From Sonangol
  • 2 days Oil And Gas M&A Deal Appetite Highest Since 2013
  • 2 days Russian Hackers Target British Energy Industry
  • 2 days Venezuela Signs $3.15B Debt Restructuring Deal With Russia
  • 2 days DOJ: Protestors Interfering With Pipeline Construction Will Be Prosecuted
  • 2 days Lower Oil Prices Benefit European Refiners
  • 2 days World’s Biggest Private Equity Firm Raises $1 Billion To Invest In Oil
  • 3 days Oil Prices Tank After API Reports Strong Build In Crude Inventories
  • 3 days Iraq Oil Revenue Not Enough For Sustainable Development
  • 3 days Sudan In Talks With Foreign Oil Firms To Boost Crude Production
  • 3 days Shell: Four Oil Platforms Shut In Gulf Of Mexico After Fire
  • 3 days OPEC To Recruit New Members To Fight Market Imbalance
  • 3 days Green Groups Want Norway’s Arctic Oil Drilling Licenses Canceled
  • 3 days Venezuelan Oil Output Drops To Lowest In 28 Years
  • 4 days Shale Production Rises By 80,000 BPD In Latest EIA Forecasts
  • 4 days GE Considers Selling Baker Hughes Assets
  • 4 days Eni To Address Barents Sea Regulatory Breaches By Dec 11
  • 4 days Saudi Aramco To Invest $300 Billion In Upstream Projects
  • 4 days Aramco To List Shares In Hong Kong ‘For Sure’
  • 4 days BP CEO Sees Venezuela As Oil’s Wildcard
  • 4 days Iran Denies Involvement In Bahrain Oil Pipeline Blast
  • 7 days The Oil Rig Drilling 10 Miles Under The Sea
  • 7 days Baghdad Agrees To Ship Kirkuk Oil To Iran
  • 7 days Another Group Joins Niger Delta Avengers’ Ceasefire Boycott
  • 7 days Italy Looks To Phase Out Coal-Fired Electricity By 2025
  • 7 days Kenya Set To Give Local Communities Greater Share Of Oil Revenues
  • 7 days Rosneft, China To Deepen Strategic Cooperation
  • 7 days New York Listing Unlikely For Aramco IPO
  • 7 days China To Invest $83B In U.S. Shale
  • 8 days Aramco To Spend $100 Billion In Capital Expenditures Next Year
Alt Text

India’s Renewable Capacity Set To Double By 2022

India is looking towards renewable…

Alt Text

Can Solar Survive Without Subsidies?

Despite falling solar panel costs…

Precise Consultants

Precise Consultants

’Precise Consultants is a London based technical recruitment consultancy that supplies specialist personnel to the offshore oil and energy industry. The company was founded by…

More Info

The Biggest Threat To Renewables Is Not What You Think

Wind Farm

You might argue that Tulsa was made famous because of the Friends episode when Chandler Bing fell asleep in a meeting and accidentally agreed to relocate there after he was startled and woke up. But later this month, Tulsa’s reputation will change when a team of wind farm hackers from the city’s university reveal their secrets at the 2017 Black Hat conference.

For the last two years, a team from the University of Tulsa have been going around the U.S. to test wind farms and expose their astonishing lack of security. Led by Jason Staggs, they found that to take control of an entire wind farm you need only a lock pick, wi-fi antenna and Raspberry Pi minicomputer.

Staggs realised that because the turbines all linked together on a single network, to control them all you needed to get into just one. And entry was simple. In an interview with wired.com, he said: “When we started poking around, we were shocked. A simple tumbler lock was all that stood between us and the wind farm network. Once you have access to one of the turbines, it’s game over.”

In 2016 wind farms generated just over 5.5 percent of the country’s energy but with continued positive press, that’s set to grow. So news of this nature should be taken seriously. The researchers will tell the conference that not only were they able to stop the turbines but they could block the operators from knowing anything had gone wrong too. At a time when global cyber threats and ransoms are made almost weekly, this is an issue owners and manufacturers will need to deal with. Related: The World’s Largest LNG Buyer Just Completely Reshaped The Market

A less troubling issue for wind farm developers is how energy from wind is believed to now be as cost-effective as coal or nuclear energy, reaching a milestone up to four years before it was thought achievable. The fall in price of around 27 percent in three years, with predictions of a further drop, signals a major victory for green energy campaigners.

It’s being mirrored in other renewable industries – Bloomberg reported recently that solar power is on fire...(pun klaxon). “By 2040, rooftop panels will supply about ¼ of Australia’s electricity as declining costs and ample sunlit make photovoltaics the continent’s cheapest source of energy.” At the same time, a fifth of Brazil’s power is predicted to come from rooftop setups, and in Germany it’ll be around an eighth.

In Australia, the public will exists for a significant shift away from fossil fuels to a greener future. The Climate Institute’s national Climate of the Nation survey which was published only last week, showed that 96 percent of the 2660 people who took part want to see the country’s primary energy source to be from renewables. Whether the politicians will take their lead from this remains to be seen but as The Guardian reports: “More than 40 percent of respondents said the federal government was “doing a fairly poor to terrible job” on climate change and energy, up from 33 percent last year. Only 18 percent said their efforts were “fairly good to excellent”.” Related: Oil Prices Are Set To Post Worst H1 Since 1998

In France, pas de surprise, politicians are acting. Just weeks after being named the country’s energy minister, Nicola Hulot declared on Twitter (where else these days?) that there will be no new permits for oil and gas exploration in the country, and President Macron has confirmed he’s committed to their COP21 agreement and it’s understood that will lead to the closure of France’s last coal-fired power plants over the next five years.

Last year renewable energy installations hit a record high at 161 GW – up 10 percent on the year before, But the cost went down – and then some. The new record capacity cost $242bn – 23 percent down. With new power deals in countries like Denmark, Egypt, the UAE and Mexico among others, encouraged by the increased bang for buck being delivered by renewables, the renewables train has most definitely silently eased itself out of the station and is whispering down the track. Let’s just hope they lock the controls up properly...

By Precise Consultants

More Top Reads From Oilprice.com:

Back to homepage

Leave a comment
  • Bill Gates on July 05 2017 said:
    Good news! If this is a big worry for renewables, then they are in better shape than I thought.
  • Bill Simpson on July 07 2017 said:
    Wait until people discover how much it will cost to replace their roof shingles when the roof is covered with solar panels which will need to be removed and then replaced. HOW MUCH !?
    I'll pay the utility company to worry about keeping the air conditioner and 3 TVs going. The AC still runs at 4 A.M. on the Gulf Coast.

Leave a comment

Oilprice - The No. 1 Source for Oil & Energy News