Obama gives further $500million to climate change fund
US President Barack Obama has doubled an initial 500 million US dollar (£410 million) commitment to a fund which helps developing nations fight climate change and adapt to its consequences.
energy
Rosneft sells 12% stake in Italian refiner Saras
Russia's Rosneft has sold its 12% stake in the Italian refiner Saras for $187million.
Firms sign up for chance to build 196 projects in Argentina
Argentina's Energy Ministry said 89 companies are looking to build 196 projects to generate electricity as the government tries to attract private investment to lift the country out of recession.
Libya oil output said to rebound with power returning at fields
Libya’s oil production rebounded to about 700,000 barrels a day after dipping temporarily due to power outages that disrupted operations at some of the OPEC member’s fields.
West Phoenix rig continues West of Shetland work for Total
North Atlantic Drilling has been awarded a one-well contract for the semi-submersible West Phoenix for work in the West of Shetland.
Subsea 7 loses Petrobras contract
Subsea 7 has lost a significant contact with Petrobras.
‘Last chance’ to cut cost of Green Energy Scheme
A last-ditch bid to cut the cost of the Renewable Heat Incentive (RHI) is the only opportunity available, the economy minister has said.
UK export agency strikes first loan deal for Ghana energy project
Britain's credit export agency has signed its first direct loan deal in Africa providing GE Oil & Gas with $310million to supply equipment for a project in Ghana.
Banks and energy firms tipped to expect more state involvement n 2017
Banks and energy companies should ready themselves for greater scrutiny from the UK Government this year, with the Prime Minister expected to tap into rising populism, a new report claims.
Trump trade attacks to face reality of shrinking Chinese surplus
A week from Donald Trump assuming the U.S. presidency, data from the country he’s called a trade cheat and threatened to label a currency manipulator show China’s trade surplus with both the world and the U.S. actually shrank last year.
Third of disabled people cut back on gas and electricity fearing costly bills
A third of disabled people have cut back on their energy consumption over the last year to afford their bills, a charity said.
Around 100 CHC jobs to go after loss of Statoil contract
Around 100 jobs are expected to go from CHC operations in Norway, according to reports.
Aker Solutions to make up to 650 job losses in UK, Norway and India
Aker Solutions said it would be making further job cuts across its operations.
ExxonMobil makes additional oil discoveries offshore Guyana
ExxonMobil said additional discoveries have been made offshore Guyana.
Ineos hit with safety notice over accident prevention at Grangemouth
Ineos has been given an improvement notice after being accused of failing to take “all measures necessary” to prevent major accidents at its site at Grangemouth.
Government to publish tidal lagoon energy review
A review commissioned by the Government into the potential for tidal lagoon energy in the UK is to be published.
Greece’s Energean to spend up to $1.5bln on Israeli offshore gas project
Energean Oil & Gas plans to build its own production system in the Eastern Mediterranean at a cost of up to $1.5billion to tap two offshore Israeli gas fields.
UK industrial output rises more than forecast on oil, gas
UK industrial production rose more than economists forecast in November, led by a surge in oil and gas as a major North Sea field resumed operations.
Joint venture wins two contracts for Great Yarmouth decommissioning work
The Veolia-Peterson partnership has been awarded two platform decommissioning contracts for recycling at their facility in Great Yarmouth.
Saudi Arabia cuts its term crude supplies for next month India, Southeast Asia
Saudi Arabia has cut its term crude supplies for next month to refiners in India and Southeast Asia.
Safety body says all measures investigated to “limit impact” of Sikorsky S-92 ‘grounding’
The executive director of industry safety body Step Change in Safety said all measures were being investigated to limit the impact on flights to and from North Sea platforms after S-92s were grounded.
Maersk Oil to cut up to 160 roles from Danish Business Unit
Maersk Oil said it will cut up to 160 positions from its Danish operations.
Taxpayer cost of decommissioning to rise, Scottish Government claims UK failed to set aside a “single penny”
The Scottish Energy Minister said an increased in decommissioning costs to the UK taxpayer had been made by Westminster as it “failed to put aside a single penny” to cover liabilities.
Investigation after fire on North Sea rig
An investigation has been launched after a fire on the Deepsea Atlantic rig while it was working on the Johan Sverdrup field.
Nuclear workers to vote on strike action amid row over pensions
Thousands of nuclear workers at sites across the UK are to be balloted for strikes in a row over pensions.