Other News

Oil rigs moored in Cromarty Firth. Invergordon, Scotland, UK

Bank of Scotland report boosts offshore energy industry confidence

A new Bank of Scotland Oil and Gas report, which highlights slowing job cuts and the billion-barrel oil find in the Greater Lancaster Area, has been described as inspiring a “mood of cautious optimism.” It reports that its survey found “a sector more positive than it has been in recent […]

Tropical Storm Cindy threatens Gulf disruption as rigs evacuated

Tropical Storm Cindy threatens Gulf disruption as rigs evacuated

Service at a major oil terminal has been suspended and a number of offshore rigs have been evacuated as Tropical Storm Cindy bears down on the Gulf of Mexico. States from Texas to Florida have been warned to prepare for flooding rains, with the storm itself set to land sometime […]

Queen Elizabeth II reads the Queen's Speech in the House of Lords during the State Opening of Parliament in London. PRESS ASSOCIATION Photo. Picture date:  Tuesday May 25, 2010.  See PA story POLITICS Speech. Photo credit should read: Arthur Edwards/The Sun/PA Wire

Government sets out measures to tackle energy bills in Queen’s Speech

Today’s Queen’s Speech set out measures to tackle ‘unfair practices’ in the energy market in order to help reduce energy bills whilst plans for an energy price cap have been shelved. The Government is to publish a green paper to examine where markets, including energy, are not working. It has […]

IMAGE DISTRIBUTED FOR RELIANT - U.S. Secretary of Energy Rick Perry speaks at the valve turning ceremony for the Petra Nova carbon capture and enhanced oil recovery system on Thursday, April 13, 2017, in Fort Bend County, southwest of Houston. Petra Nova, a 50-50 joint venture by NRG Energy and JX Nippon Oil & Gas Exploration, captures more than 90 percent of CO2 from a 240 MW equivalent slipstream of flue gas off an existing coal-fueled electrical generating unit at the WA Parish power plant and uses it to increase oil production at a mature oil field owned by Petra Nova and Hilcorp Energy. (Paul Ladd/AP Images for Reliant)

Secretary Perry backs carbon capture technology

Rick Perry the US secretary of energy has strongly advocated carbon capture technology. Speaking at an event hosted by the International Energy Agency (IEA) Perry said: “I don’t believe you can have a real conversation about clean energy without including CCUS.” The Secretary went on to say: “We have already […]

Electric Vehicles to be promoted in Queen’s Speech

Electric Vehicles to be promoted in Queen’s Speech

The Transport Secretary Chris Grayling has said that the Queen’s Speech will include legislation to improve the UK’s infrastructure for electric cars and to make it easier for people to start using electric vehicles. The Department for Transport said there would be legislation to aid: “removing barriers that are preventing […]

Australians do not support higher energy bills for clean energy target

Australians do not support higher energy bills for clean energy target

A poll in Australia has shown that a majority of people do not support a clean energy target if it means increased energy bills. The poll conducted showed that a clean energy target would receive 75% support if it did not raise energy prices. This however dropped to 41% support […]

Hammond pledges to increase productivity and competition

Hammond pledges to increase productivity and competition

Speaking this morning at Mansion House Philip Hammond the Chancellor of the Exchequer raised speculation levels about the government’s intentions in regard to energy policy. Mr Hammond spoke of raising productivity levels and making “every worker more productive; every business more competitive; and every public service more efficient.” One of […]

New Delhi: BP Plc Chief Executive Officer Bob Dudley and Reliance Industries Limited Chairman Mukesh Ambani at a press conference in New Delhi on Thursday. PTI Photo by Subhav Shukla (PTI6_15_2017_000227B)

BP and Reliance announce expanded Indian partnership

BP and India-based Reliance Industries have jointly announced that their partnership working together in India’s energy sector will deepen and expand while sanction the first of three deepwater gas projects in India. The two companies are to award contracts to develop the ‘R Series’ deepwater gas fields off the East […]