Oil giant Total said a meeting will be held between its Governance and Ethics Committee and the board of directors following the death of CEO Christophe de Margerie. The 63-year-old died when his airplane struck a snowplow on a Moscow runway, ending a career in which he oversaw the biggest expansion of oil reserves at the French energy giant in at least 15 years.
The driver of a snowplough which collided with a corporate jet at a Moscow airport, killing the boss of French oil giant Total, was drunk, Russian investigators said today.
The fire at Didcot B Power Station on Sunday (19 October) has taken half the station’s 1360 MW capacity offline for the foreseeable future as damage is assessed and then repaired. But what does this mean for the market?
A helicopter with seven people on board was forced to make an emergency landing in Shetland yesterday. A full scale emergency was declared at Sumburgh Airport, and the emergency services were called to the busy airport.
If I could make one change that would reap potential benefits, it would be to eliminate cash from society. Sounds radical and almost certainly impractical, but let me try and explain.
The price of Brent crude has steadied at $86 a barrel after the announcement of a cut in Saudi-Kuwait oil output. Production at the Khafji oilfield has been stopped temporarily for environmental reasons.
More than 25 fire appliances raced to the Didcot B power station last night as flames ripped through a cooling tower.
This week I stated that UK energy policy is a slave to flawed climate action. Our present course to meet the 2050 EU carbon emission targets will result in both a failure to meet the targets and the failure to keep the lights on. And that we need to release the energy industry, scientists, researchers, policy makers and business from the straightjacket of a consensus zealously guarded by a “green blob”.
Transferring power over energy policy to Holyrood is the best way to ensure Scotland’s renewables targets are met, the First Minister has insisted.
Blue-chip shares were back in positive territory today after steep losses earlier in the week left the FTSE 100 Index at levels not seen since June last year.
It is perhaps the trait of an eternal optimist to focus on one piece of good news during bad times, but that is exactly what the North Sea needs to do right now.
A North Sea gas field is set to create 1,500 Scottish jobs and boost the UK economy £1.3billion, it has been announced. Oxford University has released a report into the huge Cygnus gas project, which started drilling at its North Sea site yesterday.
People around the world are trapped by a “toxic triangle” of fossil fuel companies, investors and governments which is driving climate change, Oxfam has warned.
BP chose to “cut corners” when an oil pipeline was built across land belonging to Colombian farmers, then put up “a smokescreen of obfuscation" when things went wrong, a QC has said in the High Court.
Brazil President Dilma Rousseff and Aecio Neves, her challenger in a tight election contest, have clashed in a feisty debate.
A slump in energy stocks hit a rebound in Wall Street indexes yesterday as the price of oil plunged the most in two years.
Activists say the US-led coalition has launched several air strikes on positions of Islamic State group militants in northern and eastern Syria, most In the town of Kobani, near Turkey.
Anti-fracking protesters fear drilling for shale gas could still take place at a site where conventional oil has been found.
A fresh fall in the price of oil put pressure on energy giants BP and Royal Dutch Shell during another session of weakness for global investors. Brent crude slipped another 1% to 88 US dollars a barrel after the International Energy Agency cut its forecast for oil demand growth this year by 200,000 barrels a day to 700,000 barrels a day.
CNOOC has struck its first oil in the South China Sea. The corporation has a 100% interest in the Enping 24-2 oilfield, which is located in the Pear River Mouth Basin of the South China Sea, and has a water depth of 86-96 metres.
The Scottish Government has granted consent for four major offshore wind farms that could generate enough energy to power 1.4 million homes.
I am not so sure that companies in the UK continental shelf are biding time but the market has stalled for a number of reasons.
When Russia cut off natural gas supplies to Ukraine in a disagreement over unpaid energy bills in the winter of 2009, many countries in eastern Europe were plunged into freezing cold. At the time, 80% of Europe’s gas flowed from Russia through Ukraine and the supply interruption left Bulgaria, Croatia, Greece, Romania and others without their primary source of heating. While Moscow and Kiev played a blame game for the crisis, people had to find an alternative solution and went back to wood burning fires to keep warm.
Calls have been made for a safety review after a blaze on a cargo ship carrying radioactive waste forced the evacuation of a North Sea oil platform. The Danish ship, MV Parida, suffered a fire in one of its funnels on Tuesday evening and the crew shut down the engines as they tried to carry out repairs.
Scotland’s energy minister is calling for urgent talks with the UK Government over the future of Longannet power station.
