Nighthawk Energy sees dips in revenues, lower oil sales for first half of 2017
Releasing their unaudited interim results for the six month ending 30 June, Nighthawk Energy reported a slight fall in oil sales, production and total revenues.
TechnipFMC to undertake $500million share repurchase programme
Subsea Company, TechnipFMC plc., have announced their intention to implement a large-scale share repurchase programme, appointing an investment service provider.
Total pens a deal with Eco Atlantic on the Orinduik Block
Subsidiary of oil giant agrees option to acquire a 25% working interest in the Guyana-Suriname basin with Eco Atlantic Inc. (Eco Guyana).
A new Swiss platform has been set up to foster peer-to-peer energy solutions
Rethinking the actual energy models, looking forward a network of communities and new ways to share sources: these are the ideas behind the Swiss PROSUME Energy Foundation, founded in Zug, the heart of the Crypto Valley, by professionals with a strong and long-time experience in the energy sector as well as in the blockchain softwares.
Wireless seismic recording hits the oil and gas sector
Wireless Seismic, Inc. (WSI), the leading innovator of real-time and cable-free seismic data acquisition systems for the oil and gas industry, announced today the launch of RT3an ultra-high channel count, onshore seismic recording system featuring WSI’s next-generation radio technology.
Electric trucks are just around the corner, analysis shows
McKinsey Energy Insights (MEI) said its latest analysis shows increasing uptake of electric trucks (eTrucks) could become a significant market trend by 2030.
UK and China to ramp up pressure on North Korea with further energy sanctions
China and Britain have agreed to continue to ramp up pressure on North Korea over its nuclear weapons testing, Downing Street has said.
Renewable energy will cause widespread utilities disruption, study claims
As renewables start to be profitable for customers, disruption to the utilities market will soon follow, new research shows.
In world’s hottest oil patch, jitters mount that a bust is near
Steve Pruett has seen more than his share of booms in three decades in the oil business. None, though, as strange as the one gripping the Permian Basin right now.
Global Energy completes Culzean field job
Global Energy Group has finished building and loading out more than 1,000tonnes worth of equipment for the North Sea Culzean field at its Invergordon base.
InterMoor moors first private rig in Mexican waters
Oilfield service company InterMoor has moored the first privately-operated oil rig to sit off the coast of Mexico since 1938.
Updated: Oil treads water as Opec silent on supply-cut extension question
Oil barely moved after an OPEC gathering concluded with no decision on an extension or deepening of supply cuts.
Updated: Opec, allies play waiting game on extending oil cuts
OPEC and its allies indicated that they’ll wait a bit longer to see if further action is required in their bid to clear a global oil glut.
Hinkley Point construction workers vote on industrial action
Construction workers on the £20 billion Hinkley Point nuclear power station are to be balloted for strikes in a long-running dispute over pay and bonuses.
Morgan Stanley vows to source 100% energy from renewables by 2022
Financial services firm Morgan Stanley is aiming for carbon neutrality within 5 years while reducing overall energy usage.
Greencoat Capital announces £265m of second round renewable funding
Investments from large corporate pension schemes have swelled Greencoat Capital's total funding to more than £500million in less than 12 months.
Climate change bill ‘must be backed up with policy’, say campaigners
Campaigners have challenged the Scottish Government to go further and faster to tackle climate change and help protect the world’s poorest people from extreme weather and famine.
Elon Musk’s partnership with solar doesn’t look so crazy now
Elon Musk took a lot of heat last year when his Tesla Inc. bought solar-panel installer SolarCity for $2 billion. The synergies between his two companies didn’t seem immediately obvious, among other issues, critics said.
Wilhelmsen raises NorSea Group stake to 72%
Global maritime industry group Wilhelmsen has increased its stake in offshore logistics firm NorSea Group to 72%.
Chevron axes contract with Transocean early
Offshore vessel contracted Transocean said it would receive a fee of $148million after Chevron opted to terminate a rig contract early.
Fortum considers $9.7billion bid for EON offshoot Uniper
Finnish utility Fortum Oyj plans to offer 8.05 billion euros ($9.7 billion) for EON SE’s legacy fossil fuel and trading business, Uniper SE, as consolidation in the European power sector accelerates.
North Korean ships may be ignoring fuel sanctions
At least eight ships carrying fuel cargos from Russia are believed to have turned toward the communist state rather than their declared destination.
VIDEO: This small American town is saving a bundle through renewable energy
The town of Lyme, New Hampshire, has formed an energy committee to solarise their school, town hall and households.
UK energy firm launches ‘geo-exchange’ to US market
Erda Energy, a U.K.-based energy technology and services firm, today announced the introduction of its portfolio of “geo-exchange” technologies to the U.S. market. Erda’s U.S. launch comes as thousands of global climate leaders have descended on New York to plan the next generation of climate and energy solutions.
Faslane Naval Base could become submerged due to rising seas, report claims
Rising sea levels could pose a threat to the naval base which houses the UK’s Trident submarines, a new report has warned.