Snowfall in Antarctic rises – but is it as good as it sounds?

Precipitation over the last 200 years rose by around 10%

Oil and gas project makes it nice to work with ice

A collaborative project has successfully developed a range of radar technologies to improve offshore oil and gas operations in harsh, icy environments. The collaboration between Statoil Canada, the Government of Newfoundland and Labrador in Canada and communications developer Rutter has created new remote sensing technology used in the automatic detection and tracking of ice. These […]

EVs to account for majority of new car sales by 2040

Electric vehicles (EVs) will make up 54% of new car sales globally by 2040. According to Bloomberg New Energy Finance (BNEF), they will also account for 33% of all light-duty vehicles during the same period. Its analysis draws on likely future reductions in price for lithium-ion batteries and prospects for other cost components in EVs […]

UN: Global heat melts Arctic and Antarctic sea ice to record lows

The equivalent of heatwaves have passed over the Arctic pole, melting the sea ice volume to a record low last month. Antarctic sea ice extent is also the lowest on record, according to the World Meteorological Organisation (WMO). The Arctic sea ice extent averaged 13.38 million square kilometres last month – 260,000 square kilometres below […]

CMA says ICE must sell energy trading firm

Global exchange operator Intercontinental Exchange (ICE) has been told to sell its energy trading firm it bought last December. That’s the final decision from the Competition and Markets Authority (CMA) following an investigation, which states the $650 million purchase of Trayport could reduce competition between ICE and its rivals to launch new products, find innovative trading […]

CMA looks into £650m energy trading merger

The Competition Markets Authority (CMA) has warned that a £650 million energy trading merger could harm competition. Energy trading firm Intercontinental Exchange (ICE) acquired software company Trayport in  December last year. The merger was called in for review by the CMA. It found that the merger could lead to a substantial lessening of competition as not […]

Energy trading software merger could face in-depth investigation

A $650 million (£445m) energy trading software merger has been referred to the Competition and Markets Authority (CMA) for an in-depth investigation. Intercontinental Exchange (ICE), a global operator of exchanges and clearing houses, has its own software that facilities trading of energy commodities. Its takeover of London-based Trayport, a provider of software which also facilitates […]

Costa Rica closed 2015 with 99% renewable energy

Costa Rica generated 98.9% of its electricity from renewable sources in December. That’s according to the Costa Rican Electricity Institute (ICE) which stated hydropower and geothermal plants generated 88% of the energy mix. Solar, wind and biomass accounted for 10.8%. Between 1st of January and 17th of December 2015, the country generated 100% of its power from […]

Arctic business boom must err on the side of caution

The Arctic region has been earmarked as a major growth region for energy companies. But the firms who take risk management the most seriously will be the most likely to succeed commercially. This is according to a new report from Lloyd’s of London. The reduction in Arctic sea ice, amongst other things, is opening avenues […]