Fusion reactors hailed as future of nuclear energy
Fusion reactors could become an economically viable way of generating electricity within decades and replace traditional nuclear power or fossil fuels, scientists have said.
Renewables to lead world power market growth to 2020 says IEA
Renewable energy will be the largest source of new power generation capacity worldwide over the next five years, installing 700 gigawatts, which is more than double what utilities produce today in Japan, the International Energy Agency said.
Student numbers dip for US petroleum engineering courses
Enrollment in US petroleum engineering degree programs fell for the first time in 13 years this autumn, as an oil industry slump makes college students wary of entering the boom and bust world of oil and gas.
Maersk finds hydrocarbons but won’t progress Norwegian well
Maersk Oil has made a minor gas discovery in the Norwegian North Sea but has decided it is profitable at this stage.
Range Resources appoints new board member
US independent Range Resources has Yu Wang, the nominee of Beijing Sibo Investment Management, as a non-executive director to the board.
Magnolia paints a rosy picture with new gas wells
Mangnolia Petroleum will begin drilling 10 new wells in Oklahoma with onshore operator Continental Resources. The companies will be targeting gas in the Woodford formation where Continental has seen previous success. The well are located in the South Central Oklahoma Province (SCOOP) which has already delivered more than three million barrels of conventional oil from 60 reservoirs.
Atlantis Resources boss anticipates sea change in energy mix
When Atlantis Resources finally completes its world beating tidal energy development in the North of Scotland, don’t expect exciting photo opportunities to mark the occasion - there’ll be nothing to see. Atlantis’ huge MeyGen project in the Pentland firth will be the world’s biggest tidal project: up to 269 turbines providing almost 400MW - enough electricity for 175,000 Scottish homes. But all that power and infrastructure won’t be visible from the nearby Caithness and Orkney shorelines because all the action takes place below the waves.
Renewables saved one million tonnes of CO2 per month in 2014
Output from the renewable energy sector saved about one million tonnes of carbon emissions each month last year, figures show.
Caza closes in on new funding deal
Caza Oil and Gas has revealed it is in advanced negotiations with a proposed financing partner to establish a new funding structure.
Survitec snaps up Survival Craft Inspectorate
Safety and survival specialist Survitec has acquired Aberdeen-based lifeboat builder Survival Craft Inspectorate (SCI) for an undisclosed amount.
Fugro groups and rebrands geotech offering
UK company Fugro has integrated and restructured several business units under one name - Fugro GeoServices.
Availon wins servicing contracts for 48 European turbines
German wind turbine servicing specialist Availon has signed new contracts with undisclosed clients to service 48 wind turbines totalling 78MW.
Air Partner signs new oil and gas contract
Aviation services group Air Partner has signed a 10-week contract with a multi-national oil firm to charter flights to transport workers to and from the Netherlands twice a week from Aberdeen.
Tethys Petroleum replaces CFO, closes offices
Tethys Petroleum has parted company with chief financial officer Denise Lay, who has been made redundant following her decision not to relocate from the Caspian-focused firm's former head office in Guernsey.
Intelligent Energy reports strong growth
Technology group Intelligent Energy has reported that strong revenue growth is expected to continue through the second-half of the year.
Mexico licensing round 1 second auction bids revealed
Mexico's latest auction of shallow water licences took place today.
Atlas Knowledge training courses now used in more than 100 countries
Learning technologies company Atlas Knowledge has reached a major milestone with its oil and gas industry training courses now being used in more than 100 countries around the world.
Government continues support for Scottish solar projects
The Scottish Government has confirmed solar PV projects below 5 Megawatts will continue to receive support following the UK Government’s decision to close the Renewables Obligation.
Ace Winches helps pupils on engineering career path
Deck machinery specialist Ace Winches has launched an engineering course for school pupils aimed at giving them a career boost.
Nostra Terra eyes new prospects in North Africa
Nostra Terra, the UK-headquarterd independent producer, said it is focused on acquiring producing assets with exploration potential in North Africa.
MX Oil looks ahead to “game changing” six months
UK oil and gas investment company MX Oil is looking ahead to a "game changing" end of year with progress made in Mexico and imminent production expected from its Nigerian assets.
Nighthawk’s lack of US drilling leads to profits slump
Nighthawk, the US focused oil development and production company, said reduced oil prices and lack of drilling had an impact on its half-year results with both revenue and profits down.
Lundin finds more oil and gas in Arctic discovery
Swedish operator Lundin has identified oil from two new wells in the Norwegian sector of the Arctic.
Updated: Peterhead CCS can kick start other projects in UK
The £1billion Peterhead Carbon Capture and Storage project can help kick-start other CCS projects in the UK and make a significant contribution to reducing CO2, according to a leading industry expert.
EV Insights:DECC’s Energy Trends report reveals North Sea production hike
Figures have revealed an increase in oil and gas production in the UK has increased by more than 14% since last year - the highest quarterly increase since 1999. The findings, in the latest edition of Energy Trends by the Department of Energy and Climate Change (DECC), shows indigenous UK production of crude and natural gas liquids was boosted in the second quarter of the year.