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Oil & Gas

Wenaas joins Arctic safety initiative

Wenaas has become the latest company to join a safety initiative aimed at enhancing work wear for people operating in some of the world’s coldest exploration environments.

Markets

Tullow bets on Africa as figures slip

Irish explorer Tullow Oil reported a drop in revenues and profits for the first half of the year following exploration write-offs – but the company remains confident African exploration will pay off.

Oil & Gas

Fracking rules condemned as ‘sham’

Rules to protect national parks from fracking are a “sham”, campaigners have claimed. Ministers said the controversial process of fracking in national parks, areas of outstanding natural beauty (AONBs) and the Broads should be refused other than in “exceptional circumstances and in the public interest”.

Energy Transition

Opinion: First nail in the coffin for the hydro industry

The feed in tariff accreditation team at OFGEM must have been working all hours of the day and night to process the mountain of applications they got through in June. During the month, 13.25MW of hydro applications were processed, more than doubling the average for the year to date of 5.23MW. This will have a crippling effect on the hydro industry as the bumper month has triggered the threshold for accelerated reduction of the feed in tariff, the main source of support for developing green electricity from the UK’s rivers.

Opinion

Opinion – Taking business south of the border

Tom Faichnie, partner and energy group member at Scottish independent accountancy firm Campbell Dallas LLP, discusses the opportunities for export of skills and technologies to Mexico as the country opens its doors further to international oil and gas operators and service companies.

Oil & Gas

Physician group opposes draft fracking proposal

Chesapeake Physicians for Social Responsibility, a organisation of Maryland doctors, is seeking disclosure of chemical formulas used in the hydraulic fracturing process used for natural-gas drilling in the state, the Cumberland Times-News reported.

Oil & Gas

Australia scraps hated carbon tax

Australia’s government has repealed a controversial carbon tax on the nation’s worst greenhouse gas polluters, ending years of contention over a measure that became political poison for those who imposed it. The senate voted 39 to 32 to axe the 24.15-Australian dollar (£13.30) tax per metric tonne of carbon dioxide that was introduced by the centre-left Labor government in July 2012.