World Energy Council: ‘Forget peak oil, it’s all about peak demand’
The World Energy Council (WEC) today outlined a ‘grand transition’ in future energy demands, including a phenomenal rise of solar and wind energy.
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The 100,000-barrel oil output increase that didn’t really happen
U.S. crude oil production is holding up better than the government previously thought.
Opinion: Exporting our oil expertise
Scotland is at the forefront of the energy industry with a global reputation for excellence in the oil & gas sector.
GC Rieber strikes charter deal for turbine project
GC Rieber said it has entered into a time charter with Senvion GmbH for a construction support vessel for a fixed period of seven months.
Community wind turbine project blocked by High Court
A community wind energy project involving benefits for local people has been blocked by the High Court.
Entergy Corporation to shut New York nuclear plant
Entergy Corporation will close a nuclear power plant in New York which employs more than 600 workers within the next year. The company said its decision to close the James A Fitzpatrick plant in Scriba was based on the “continued deteriorating” economics of the facility. Entergy said the key drives behind the move include significantly reduced plant revenues due to lower gas prices.
Shell deal may trigger more mergers
Royal Dutch Shell has splashed out £47 billion for Britain’s BG Group in a move that could trigger a round of mega-mergers across the industry. Shell’s swoop for BG, which is due to complete early next year, is the biggest takeover in the sector since US firm Exxon’s purchase of Mobil in 1998. It boosts Shell’s oil and gas reserves by 25% and its production by 20% and comes at a time when the industry is looking to become more efficient and reduce costs in the face of the recent slide in energy prices. BG Group, which employs about 5,200 staff in 24 countries, is seen as attractive to Shell because of its growth projects in Brazil and Australia.