Oil & Gas

Ukrainian experts find way out of energy crisis


In search of a way out of the energy crisis, Ukrainian experts claim to have found the solution - hydropower. The auxiliary resource has been successfully compensating the increasing energy demand triggered by the lack of power capacity and fuel in the past months. High liquidity and sustainability were identified as some of the major advantages of hydroelectric energy. “Prior to the anti-terrorist operation (ATO) in the east of the country and before the problems with energy supply, hydroelectric power stations produced electricity primarily during peak demand,” said the director general of Ukraine’s largest hydropower company, Ukrhydroenergo, Ihor Syrota.

Market info

Salamander in takeover talks


Salamander Energy could become involved in a bidding war after being approached by Ophir Energy and a consortium led by Compania Espanola de Petroleos (CEPSA) and Jynwel Capital. The company said it was currently in talked with both Ophir and the CEPSA Consortium regarding their respective proposals.

Oil & Gas

Scottish Enterprise backs ocean renewables


Scottish Enterprise will contribute a six-figure sum towards opportunities for ocean renewables innovation in Europe. Energy Minister Fergus Ewing will make the announcement at the Ocean Energy Conference in Paris today, as part of the first joint call by the Ocean Energy European Research Area Network (ERA-NET) to open up opportunities for ocean renewables innovation.