International news services now report that Japan’s Toshiba Corporation (9502.T) is preparing to make a chapter 11 bankruptcy filing for its Westinghouse Electric subsidiary. For most of our readers this news evokes little surprise. This is merely another chapter of a slow moving financial and accounting train wreck involving nuclear design and construction firm Westinghouse and its troubled Japanese parent, Toshiba. But like an old, leaky garbage scow there is much to clean up in its wake.
A massive search for three rescuers missing after an Irish Coast Guard helicopter crashed into the Atlantic is focusing on a “three-hour window” to find the aircraft amid fierce weather conditions.
Carbon dioxide emissions from energy have not increased for three years in a row even as the global economy grew, the International Energy Agency (IEA) said.
A trade union has warned that BP’s proposed sale of the Forties pipeline to Ineos would give one man the power to “bring the entire country to a standstill”.
Amec Foster Wheeler has secured a slice of a £767 million contract with the American Air Force, just days after Wood Group made a £2.2billion swoop for the firm.
It is fair to say that the UK is already world-leading in some aspects of nuclear power, like regulation, decommissioning and fusion research. The nuclear industrial strategy offers an opportunity to build on these foundations and return the UK to the top table internationally.
Energy Voice has captured exclusive footage of the construction of the floating storage and offloading (FSO) unit for Maersk’s North Sea Culzean field.