Cairn Energy has vowed to continue drilling for oil off Greenland, but says it will try to rebalance the risk by acquiring new, safer assets elsewhere.
Tag Archive | "Energy"
Cairn to keep Greenland and look elsewhere
Posted on 30 March 2012.
Posted in Business, Education, Energy, Environment, Greenland, International, MBL, Technology, United KingdomComments (1)
Pearl purchase offers published on internet
Posted on 18 February 2012.
As previously reported, one of Reykjavík’s best-known landmarks, Perlan (The Pearl), is for sale as part of the restructuring of its indebted owner, Reykjavík Energy. Now all purchase offers received have been published online.
Posted in Business, Culture, Energy, Featured, General, Iceland, Leisure, MBLComments (4)
Ocean turbine designer: “Iceland could up its energy production twentyfold”
Posted on 06 February 2012.
Valdimar Össurarson runs a company called Valorka, which has designed a marine electric turbine by the same name. The generator won first prize at the International Inventors’ Awards 2011. The company hopes its turbine will create a steady and reliable supply of electricity.
Posted in Energy, Environment, Featured, Iceland, MBL, TechnologyComments (0)
Cairn comes up empty-handed again
Posted on 07 December 2011.
Cairn Energy has yet again failed to find oil or gas at its wells in Greenland. The Scottish exploration company’s shares fell one percent on the announcement that another two dry wells are to be plugged and abandoned.
Posted in Business, Energy, Environment, Featured, General, Greenland, International, MBL, Technology, United KingdomComments (0)
Icelandic state buys land and energy rights in municipal tax debt swap deal
Posted on 13 November 2011.
The Icelandic Minister of Finance says that it is not wasteful for the state to pay ISK 300 million of taxpayers’ money to buy two plots of land owned by the Reykjanesbaer municipality.
Posted in Business, Energy, Environment, Featured, General, Iceland, MBL, PoliticsComments (0)
Tensions bubble as Cairn fails again
Posted on 08 October 2011.
British oil company Cairn Energy has announced that it has again failed to strike black gold at its sixth controversial well off the coast of Greenland, angering environmentalists and worrying investors.
Posted in Business, Energy, Environment, Featured, General, Greenland, International, MBL, United KingdomComments (0)
Greenland publishes Cairn spill plans
Posted on 17 August 2011.
The Greenland government has published oil spill contingency plans for controversial drilling firm Cairn Energy after repeated calls for such action from environmental activists.
Posted in Energy, Environment, Featured, General, Greenland, International, MBL, PoliticsComments (2)
Iceland has doubled energy production
Posted on 09 August 2011.
Iceland is producing twice the amount of electricity today as it was at the time of the millennium celebreations, just eleven years ago. The country could well go on to double present-day energy generation as well.
Posted in Business, Energy, Environment, Featured, General, Iceland, International, MBL, Politics, SocietyComments (2)
