Latest news
Nova Innovation has marked a new era in tidal energy
The Edinburgh-based company Nova Innovation has announced it has installed the first offshore tidal turbines in the world which are already delivering electricity to the grid. The company has installed the fully operational array of tidal power turbines in the Bluemull Sound in the north of Shetland, where the North Sea encounters the Atlantic. This project marks a big step forward in using tidal energy as a reliable source of renewable power. Once finished it will supply enough electricity for about 300 households.
read more... 31/08/2016
Daily: British gas prices down on strong domestic supply
Oil prices declined on Tuesday, with Brent decreasing about 2 percent following the dollar's recovery and worries over an oversupplied market situation amid forecast for higher U.S crude stockpiles. According to the latest statements, Iran is close to reach peak production. Brent crude futures decreased to $48.37 per barrel, down by 89 cents, or 1.8 percent, while U.S. West Texas Intermediate (WTI) crude futures settled at $46.35, down by 63 cents, or 1.3 percent.
read more... 31/08/2016
Havyard ships Dudgeon vessel
Havyard Ship Technology has supplied the HST 125 purpose-built offshore wind service operations vessel to Danish shipping firm Esvagt.
read more... 30/08/2016
Statoil to reduce costs and raise output at Johan Sverdrup oil field
Norway’s Statoil ASA has announced on Monday that it had dropped billions of dollars planned for the start-up of its giant Johan Sverdrup oil field by about 20%. In addition, the company has also raised the estimated initial output by 16% after intensifying drilling and streamlining operations.
read more... 30/08/2016
EU bank promises €62 million to renewable energy fund
The European Investment Bank (EIB) has promised €62 million (£52.74m) to a renewable energy fund.
read more... 30/08/2016