Icelandic volcanoes could be providing power to British homes, under plans to be announced by David Cameron.
The Prime Minister, attending the Northern Future Forum in Reykjavik, is expected to say that the UK and Iceland are to look at establishing an electricity pipeline between the two countries.
The multi-billion pound “interconnector” - involving 750 miles of undersea cabling - would enable the direct export of hydro and geothermal-generated electricity to be exported directly to Britain.
The marathon legal war over oil pollution in the jungle in Ecuador—now 22 years old—can outrage, but also exhaust, diligent observers. But here's a new twist.
Oil major Chevron has made changes to its senior team with two of its top executives assuming new roles.
The company said Michael Wirth will become executive vice president from midstream and development.
Wirth is currently executive vice president for downstream and chemicals.
British oil worker Karl Andree, who had been threatened with flogging after breaching strict alcohol laws, will be released from Saudi custody within a week and reunited with his family, Foreign Secretary Philip Hammond said today.
Vantage Drilling said its subsidiary will be reducing it headcount at a site in the Gulf of Mexico in a bid to streamline costs.
The company said around 135 employees faced losing their jobs with the first round of cuts already started.
An appeal has been made by the Turkish state gas importer Botas to the International Chamber of Commerce in a bid to resolve a row over the price of gas from Russia.
The move has been made after the two countries failed to sign an deal.
Earlier this year Turkey said it had obtained a 10.25% price discount on the 28-30 billion cubic metres (bcm) of gas it buys from Russia each year but the two sides have been at loggerheads over the deal for months.
The UK Government's Energy Minister is to be quizzed on the Government’s view on the current level of cooperation in the North Sea as part of a Lord's committee hearing tomorrow.
A freedom of information request (FOI) by environmental group Greenpeace has shown the amount of investment by energy companies at some UK universities topping more than £20million.
A pipeline to America’s largest crude-oil hub is about to find itself in an unfamiliar position: not full.
One of the main pipelines that carries crude to Cushing, Oklahoma, will run at less than capacity in December for the first time in nearly two and a half years. The drop in supply coincides with the opening of a pipeline to Quebec, giving shippers the option of diverting some oil from the middle of the U.S.
“There will be less light sweet crude available to make its way to Cushing,” said Andy Lipow, president of Lipow Oil Associates LLC in Houston. “There’s going to be some significant rebalancing of where oil flows in North America.”
Protesters say they have shut down an opencast coal mine on land belonging to Conservative peer and climate sceptic Viscount Ridley.
Campaigners calling themselves “Matt Ridley’s Conscience” have occupied one of the diggers at Shotton surface mine, in Cramlington, Northumberland on Viscount Ridley’s Blagdon Estate.
The group, a mix of local campaigners and protesters from across the UK, have also formed a protest blocking the road, locking their arms into red arm tubes as part of a protest calling for an end to coal mining to protect the climate.
Thousands more steel jobs could be lost if action is not taken to tackle the threats facing the industry’s “vulnerable” supply chain, the Government is being warned.
The International Steel Trade Association (Ista) said scores of medium sized firms were at risk if the crisis gripping the industry escalates.
Thousands of job losses have been announced in recent weeks by Tata Steel and SSI in Redcar, Scunthorpe and Scotland, with cheap imports and high energy costs being blamed.
Transocean has reached an agreement with the state of Alabama for a $20million settlement following the 2010 Deepwater Horizon disaster.
The decision was announced earlier this month by Governor Robert Bentley who said the region had suffered “tremendous” losses since the spill five years ago.
He said the agreement with Transocean was a “positive” step forward as the state continued to recover.
