Britain is on track to meet European renewable-energy targets, according to UK Government figures out yesterday.
deputy chief executive
Norwegian investment firm HitecVision has agreed to invest up to about £150million in a new oil and gas exploration outfit.
Oil and gas-related activity at Lerwick harbour more than doubled in the first three months of the year as it continued to benefit from Shetland's booming energy industry.
Oil and gas firm Bridge Energy said today it was looking ahead to an active 2012 after buying a 50% stake in the Duart field from Nexen Petroleum Dragon UK.
Investors in explorer Cairn Energy were toasting the prospect yesterday of a £5.5billion windfall from the Indian oil fields it bought control of more than a decade ago for only £4.7million.
Cairn Energy said yesterday it had secured a second drilling unit for this year's exploration programme offshore western Greenland.