UK oil and gas company Premier Oil has received a court approval to go ahead with a plan to have its creditors vote to extend debt maturities and buy UK North Sea fields from BP and Dana Petroleum. Premier revealed its plan to acquire…
Researchers at the University at Imperial College London and the University of Toronto have developed a cost-effective sponge which can soak up oil relatively fast (less than ten minutes). The research article, found in the Journal Nature, describes an innovative surface-engineered sponge (SEnS) which synergistically…
Oil and gas companies would once again face the risk of criminal prosecution for the unintentional killing of migratory birds if a bill moving through Congress becomes law. The Migratory Bird Treaty Act of 2020 (H.R. 5552) was approved on the 15th January by…
The economics of wind power have been extremely favourable for the past decade. As Greentech Media recently pointed out, research from the Department of Energy shows, “wind prices have dropped by US$50 per mega-watt-hour in eight years.” That is one of the key reasons…
What if renewable energy was not just sustainable but was also regenerative? This is the goal of a partnership between White Oak Pastures and Silicon Ranch Corporation, one of the nation’s largest independent solar power producers and the US solar platform for Shell. In…
The ICC International Maritime Bureau (IMB) have published their 2019 report on Piracy and Armed Robbery against ships. The report states that 162 incidents of piracy and armed robbery were reported against ships worldwide, in comparison to 201 incidents in 2018. There has been an…
Such is the extent of the shakeout in the US shale industry that Permian Basin oil production is closer to peaking than many forecasts suggest, according to one energy investor. Adam Waterous, who runs Waterous Energy Fund, regards the sector’s financial position as unsustainable…
Independent seismic data acquisition company Searcher Seismic has expanded its offshore data library with the completion of the Gulf of Papua prospectivity study in Papua New Guinea. The Gulf of Papua is a vast area comprising over 187,000 km2. With only 27 wildcat exploration…
The first exploration well was spudded on the Shafag-Asiman offshore block in the Azerbaijan sector of the Caspian Sea on the 13th January, BP said. BP is operator with 50% interest. SOCAR holds the other 50%. SAX01 is the first well to be…
NEC Energy Solutions, Inc has announced today it will provide 100MW of energy storage in Northern Ireland for the Gore Street Energy Storage Fund (GSF) and project developer Low Carbon. The 100MW of energy storage will comprise two 50MW projects located in Drumkee, County…
