Researchers develop sponge for recovering oil from wastewater

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…

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The age of customised renewables solutions according to Vestas

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…

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Experts Insist Permian Output is Approaching a Peak

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…

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Searcher Seismic completes prospectivity study in Gulf of Papua

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…

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Lekoil announces suspension of trading on AIM

Lekoil’s advisers were approached by representatives of the Qatari Investment Authority (the ‘QIA’) questioning the validity of the loan agreement announced on the 2nd January 2020 (the ‘Facility Agreement’).   Lekoil is urgently seeking to establish, alongside its legal counsel and Nominated Adviser, the full facts of…

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