Shell and BP connected pension funds ‘at risk’ from companies’ failure to adapt
A shareholder campaign group has said pension funds who have invested in BP and Shell are exposed due to the oil majors’ inaction on the low-carbon transition.
OGCI to invest in hat-trick of low carbon technologies
Investment group Oil and Gas Climate Initiative (OGCI) today celebrated the launch of its third annual report with the announcement of three new low emissions investments.
Brazil and Mexico battle for Big Oil’s investment
Brazil and Mexico are fighting it out to lure the big oil giants to their waters, and Shell is attracted, a news report said.
Solar PV government policy ‘not very cleverly done’, says 39 year industry veteran
George Goudsmit, a purveyor of solar PV since 1979, claims that poor UK Government policy is endangering the industry and that many are 'scared' to take a chance on PV technology as a consequence.
Open Utility nets £412,000 BEIS funding
Peer-to-peer energy company Open Utility has secured funding from the Business, Energy and Industrial Strategy department’s Energy Entrepreneur fund to develop an online marketplace.
LTI Announces strategic implementation partnership with Apttus
Larsen & Toubro Infotech, a global technology consulting and digital solutions company, today announced strategic implementation partnership with Apttus, the category-defining Quote-to-Cash software company headquartered in San Mateo, CA.
University of Edinburgh invests £60million in climate strategy and renewable technologies
A university has moved £60 million of its investments into businesses that directly benefit the environment as part of its climate strategy.
15th International Congress for Renewable Mobility ‘Fuels of the Future’ of the combustion engine
Catchphrases like Dieselgate or defeat devices shape current debate on diesel engines, and the combustion engine’s future is called into question.
Renewable power generation hits record high amid falling coal, Government data shows
New data released today shows that as coal output continues to fall, renewable energy’s share of generation has spiked, according to the government produced Energy Trends publication.
ENGIE Fabricom EPC contract win creates 130 jobs in Hull
The announcement of ENGIE Fabricom as the main engineering, procurement and construction (EPC) contractor for the Tricoya Ventures UK project in Hull has created over a hundred jobs for the local area.
Troubled Neart na Gaoithe wind farm project forms support group
The proposed Fife wind farm, Neart na Gaoithe, has formed a coalition group to combat increasing pressure from outside forces to halt the project.
Scottish communities should ‘receive benefit funds’ from renewable projects, claims MSP
Green MSP for Mid-Scotland and Fife Mark Ruskell has said residents around Fife’s massive Westfield project should receive more than quarter of a million pounds of community benefit funds if plans go ahead.
First man to walk to both poles will make renewable powered return to Antarctica
On 15 November 2017, Robert Swan, OBE, 61 - the first person in history to walk to both the North and South Poles - is making a return expedition to Antarctica with his son Barney, 23, one of a new generation of explorers. The eight-week journey, called the South Pole Energy Challenge, will be the world’s first polar expedition powered solely by renewable energy sources, including solar, wind technology and advanced biofuels made out of woodchip waste provided by Shell.
Al Rushaid Group bring successful court action against corrupt associate
Saudi Arabian Oil and gas investment company, Al Rushaid Group, have brought a successful court action to claim damages for loss or revenue and reputational damage as a consequence of a small business owners dishonest and fraudulent actions.
Fracking associated chemicals could harm infants and children, US report warns
A report published by the US health journal, Reviews on Environmental Health, states that chemicals ‘associated with unconventional oil and natural gas operations’ could cause neurological harm to young children and babies.
Onshore wind ‘ban’ could cost UK £1billion, new report finds
Outdated policy could risk a £1billion windfall through blockage of the ‘cheapest electricity technology’ claims a new report published by the Energy and Climate Intelligence Unit (ECIU).
InnoEnergy pen deal with World Alliance to enhance clean energy
Sustainable energy group, InnoEnergy, signed a letter of agreement with the World Alliance for Efficient Solutions to heighten the profile and the impact of energy efficient technologies.
First minister calls UK Government’s silence on Brexit breakdown ‘unconscionable’
Nicola Sturgeon has said the UK Government’s refusal to publish its breakdown of Brexit’s impact on Scotland is “unconscionable”.
UK Government publish independent review on energy reduction costs
Proposals have been put forward by Professor Dieter Helm in an independent review into cost reduction in the UK power system.
Westinghouse appoints Dan Sumner chief financial officer
Westinghouse Electric Company announced today that Dan Sumner has been named chief financial officer by the Westinghouse Board of Directors. He had served as acting chief financial officer since May 2017.
Hess reports losses as it continues to build up cash reserves to take on Guyana prospect
US-based Hess Corporation shedding high cost assets to fund South American exploration activity.
FORESEA throws its support behind a number of renewable energy technologies
The FORESEA programme has approved six offshore renewable energy technology projects for support, in its third call for applications.
Big Oil set to make Facebook-level cash even with $50 crude
Crude may still be languishing near $50, but Big Oil is on track to rejoin the world’s corporate elite by squeezing more cash from each barrel.
Statoil in multi-million solar transaction
Oil giant Statoil and Scatec Solar have announced the completion of their previously announced transaction for an equal share in the Apodi solar project.
Sparrows migrate back to Middle East with contracts re-award
The Sparrows Group has strengthened its operations within the Middle East in securing two multi-million crane contracts with Dubai Petroleum.