Sectors - Energy  

Next month Charles Hendry, Energy Minister for the UK, is scheduled to visit Iceland to discuss the possibility of tapping into its wealth of geothermal energy

Stringent safety measures and improved equipment has helped convince the UKs energy minister to permit drilling northwest of the Shetland Islands

Eurotunnel has unveiled plans to run an electricity link through the Channel Tunnel as part of efforts to bolster UK power supplies

Opened for business on 1 May 2010 Ecopod has just celebrated its 100th paying guest one year on

Sir Richard Branson is recognised for his visionary leadership in founding Carbon War Room and his work with partners to tackle tough social and environmental challenges

First Minister Alex Salmond announced Scotland should produce enough renewable electricity to meet all its power demand by 2025. "Scotland has unrivalled green energy resources and our new national target to generate 80 percent of electricity needs from renewables by 2020 will be exceeded by delivering current plans for wind, wave and tidal generation," Salmond said.

Germany is mulling a new tax on coal used in power generation to help make up for revenue it would lose if it kept much-debated tax breaks for large corporate energy consumers, a newspaper said on Wednesday.

GDF Suez (GSZ.PA) is offering International Power (IPR.L) shareholders a cash sweetener of 1.39 billion pounds in a reverse takeover of the British firm that will create the world's largest independent power producer in terms of revenue.

BP (BP.L) said the cost of dealing with its ruptured oil well in the Gulf of Mexico has risen to $6.1 billion (3.8 billion pounds), including $319 million in compensation payments to businesses and individuals affected by the spill. About 145,000 claims had been submitted as of August 7, and 103,900 payments have been made, the company said on Monday.

BP Plc chief executive Tony Hayward has announced he will step down as head of the company on October 1 and will be replaced by fellow executive Robert Dudley.

Jens Risvig Pedersen has been appointed new CEO of Skykon as of today. Skykon’s aim is to move into the next phase of its corporate development as an international top-quality supplier to the wind energy industry, and believe appointing a CEO with proven manufacturing capabilities will help make this possible.

France has abandoned plans to unilaterally introduce a tax on emissions in a move hailed by industry but criticised by environmentalists.

Analysts have speculated that, should Arrow Energy reject the Shell/PetroChina proposal, it could provoke the energy giants to return with a higher, hostile offer.

Repsol has said it will drill about 200 miles of Argentina’s coast by December, in an area a company spokesperson described as “well within Argentinean waters”. Repsol has said it will explore for oil in a number of wells in the area.