Transocean to pay $1.4bn for oil spill

Transocean, owner of the Deepwater Horizon oil rig, has agreed to pay $1.4 billion (£900m) over five years for the Gulf of Mexico oil spill. The multinational exploration company, which leased the rig to oil giant BP, pleaded guilty to a violation of the Clean Water Act (CWA) for “negligent discharge of oil” into the […]

‘Bigger is better’ for wind turbines

The bigger the turbines, the better it is for the environment, according to a new report by Swiss researchers. The study, which includes the analysis of 12 land turbines measuring up to 300ft, found larger turbines are more environmentally friendly and produce greener electricity. The researchers claim this is because manufacturers now have the knowledge, […]

180 Coryton workers to lose jobs

About 180 workers at the Coryton refinery will be made redundant next week, its administrators announced. The news comes after PricewaterhouseCoopers (PwC) failed to find a buyer for the Essex site earlier this year. Swiss owner Petroplus held a meeting earlier this week with the employees and the Unite union at Coryton to explain their […]

Former Russian Minister last hope for Coryton

A former Russian energy Minister is bidding to stop the Coryton refinery from closing down, according to newspaper reports. The news comes after the UK Government announced last week that it won’t be providing the refinery any support. Igor Yusufov emerged as the sole bidder for the bankrupt refinery and could potentially save the jobs […]

Electric drives save energy equivalent to nuclear plants

Electric drives could save as much energy as nuclear power plants, according to a Swiss power and technology group. ABB claims it saved about 310 million MWh of electric power last year, equivalent to the energy generated by around 41 nuclear reactors. It claims those savings made from its electric motors would be equivalent to […]