E6 Ventures Wins Investment for Spin Out Company, Diamond Detectors

Diamond Detectors Ltd, a subsidiary company set up by Element Six to manufacture innovative diamond detectors and sensors for radiation monitoring applications, today announces that BAE Systems is to take a 50% holding in Diamond Detectors Ltd, investing up to GBP2 million. The second round investment will offer Diamond Detectors strategic support and... 

Chesapeake Energy Corporation Announces Marcellus Shale Joint Venture and International Unconventional Natural Gas Exploration Alliance with StatoilHydro

Chesapeake Energy Corporation announced the execution of an agreement for a joint venture with StatoilHydro whereby StatoilHydro will acquire a 32.5% interest in Chesapeake’s Marcellus Shale assets in Appalachia for $3.375 billion, leaving Chesapeake with a 67.5% working interest. The assets include approximately 1.8 million net acres of leasehold,... 

Vattenfall Acquires Britain’s Largest Offshore Wind Farm

Vattenfall has acquired the Thanet Offshore Wind project off Margate, Kent, for the sum of GBP 35 million (SEK 435 million). On completion, the wind farm will have an installed capacity of some 300 MW. This will be almost three times the size of Lillgrund, Vattenfall’s largest wind farm in Sweden to date, and about the same size as Horns Rev in Denmark,... 

Platts Survey: October OPEC Oil Output Dropped to 32.26 Mil. Barrels Per Day

The 13 members of the Organization of the Petroleum Exporting Countries (OPEC) pumped an average 32.26 million barrels per day (b/d) of crude oil in October, according to a Platts survey of OPEC and oil industry officials just released. This is a 210,000 b/d decline from the September level of 32.47 million b/d. Excluding Iraq, production from the 12... 

Bruce Power to Conduct Environmental Assessment for Nuclear Generating Station in Haldimand-Norfolk

Bruce Power is pleased to announce it will conduct an Environmental Assessment (EA) as it considers building a nuclear generating station in the Haldimand-Norfolk region of southern Ontario. The assessment, which could take nearly three years to complete, will examine the environmental and social impacts of building two reactors to generate between... 

China to Lead Way From Global Recession to Greener World Through Innovative Technologies, Declares Distinguished Scientist

At a Press & Investor Conference at The Geological Society of London on 30th October 2008, Professor Kenneth Hsu, Director of Kenneth Hsu Consulting (UK), announced the company’s technological inventions, to alleviate the global energy, water, environmental and economic crises, to an audience which included Chinese government officials, overseas... 

GDF SUEZ Completes Acquisition of Econergy International, a Renewable Energy Company

GDF SUEZ Energy International completes the acquisition of Econergy International for roughly 39 million GBP (approximately EUR 50 million). Econergy, a US company listed in the UK, is focused on renewable energy projects in Latin America (mainly) and North America. In addition to developing sustainable energy projects, the company is also actively... 

Energy Efficiency is the Only way to Reduce Fuel Bills This Winter

In the wake of news that more people than ever before will face fuel poverty this winter, experts are stressing energy efficiency action as the only way homeowners will reduce their heating costs. With an average energy bill set to climb to GBP1406 in 2009 (from GBP676 in 2005), the Energy Savings Trust is encouraging homeowners to actively think about... 

Castrol GTX Workers Protest Against ‘Blame Culture’

BP Castrol tanker drivers, working for Wincanton, are poised to take industrial action from midnight tonight, Wednesday, October 22nd until midnight on Thursday, October 23rd. The stoppage will bring the distribution of famous brands such as GTX and Magnatec to a halt nationwide. The 46 drivers, all members of Unite, are based at two sites in Ellesmere... 

BP Announces Full Commercial Operation of Wind Farm in Texas

BP Wind Energy announced full commercial operation of phase I of the Sherbino Wind Farm in Pecos County, west Texas. The first 150 megawatts (MW) of the project, which has a potential capacity of 750 MW, has been built through a 50-50 joint venture agreement with Padoma Wind Power LLC, a wholly owned subsidiary of NRG Energy, Inc. Phase I of the project...