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Energy
Firm behind ‘most powerful tidal turbine’ to head up new project
This image shows Orbital Marine Power's 2 megawatt turbine, the Orbital O2.Scottish engineering firm Orbital Marine Power is to lead a consortium focused on the commercial deployment of floating tidal energy.In a statement on Monday, the…
Oil rises as OPEC+ laggards pledge better compliance
Oil pumps at sunset, industrial oil pumps equipment.Pramote PolyamateOil rose to above $42 a barrel on Friday, adding to gains in the previous session, after OPEC producers and allies promised to meet supply cuts and signs of demand, hit…
Oil prices rise on supply cuts, improving demand
An aerial view of oil tankers anchored near the ports of Long Beach and Los Angeles amid the coronavirus pandemic on April 28, 2020 off the coast of Long Beach, California.Mario Tama | Getty ImagesOil prices rose on Tuesday, with Brent…
Chevron delivers robust results and boosts the pace of its share buybacks
It was a very solid quarter from Chevron as the company is clearly realizing the benefits of higher energy prices.
Read More: Chevron delivers robust results and boosts the pace of its share buybacks
India will ‘never compromise’ on its strategic interests, minister says
India will not compromise on its strategic interest, a cabinet minister said on Wednesday, even as New Delhi and Beijing seek to defuse tensions after last month's border clash in the Himalayas.A "violent face-off" in the Galwan Valley…
Bahamas Petroleum to become full-cycle exploration and production company
's () Simon Potter speaks to Proactive London's Andrew Scott after announcing the recommended £25mln acquisition of fellow Caribbean and South America focussed oil junior ().
Potter says the combination will create a “Caribbean and…
Volvo says it wants all its cars to be leather-free by 2030
Volvo is one of several automakers looking to change the materials used in its vehicles.Artur Widak | NurPhoto | Getty ImagesVolvo Cars wants all the models it sells to be leather-free by 2030, a move which represents the latest example…
Wind energy giant Siemens Gamesa claims world-first in blade recycling
Wind turbine in backlightJorg Greuel | DigitalVision | Getty ImagesSiemens Gamesa Renewable Energy said Tuesday it had launched a recyclable wind turbine blade, a move which represents the latest example of how the industry is attempting…
Velocys PLC says losses halved last year as results delayed
The sustainable aviation fuels developer said it expects to complete manufacturing and delivery of all four reactors for Red Rock Biofuels by the end of June
Velocys PLC (LON:VLS) said it almost halved losses last year despite lower…
FTSE 100 in the red as Shell unveils huge asset write-downs
Headlines from the Proactive UK newsroom.
The FTSE 100 was almost 50 points in the red as Shell unveiled huge asset write-downs and the UK economy did worse than expected in its first quarter. The blue-chip index gave up 44 points at…