Strathcona Resources makes C$5.9B takeover offer for MEG Energy

Photo: freepik Strathcona Resources (OTCPK:STHRF) said late Thursday it plans to launch a takeover bid for Canadian oil and gas producing peer MEG Energy (OTCPK:MEGEF) that values the company at ~C$5.9B (US$4.25B), in a deal that would create the country’s fifth-largest oil producer. Strathcona (OTCPK:STHRF) offered to buy all MEG Energy’s (OTCPK:MEGEF) issued and outstanding common stock…

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Engineers build record-breaking wind turbine with material no one saw coming: ‘It’s not difficult to envision’

Photo: Freepik Modvion is building on the success of its record-breaking wood-based wind turbine tower built in 2023 by raising the bar another 16 meters. The Sweden-based company has received design certification for its tallest engineered-wood tower to date, measuring 119 meters tall, according to IEEE Spectrum. It was designed to support a 6.4-megawatt turbine from Danish company Vestas, although…

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Council gets £762k for energy improvements

photo:  freepik A Devon council has been awarded more than £760,000 of funding to deliver energy efficiency improvements to some of its buildings. North Devon Council said £762,065 from the government’s Public Sector Decarbonisation Scheme would be used to improve Ilfracombe’s Landmark Theatre and the Brynsworthy Environment Centre in Fremington. Improvements funded by the grant…

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Could drones be a threat to offshore energy installations?

photo: freepik There’s a pincer movement on offshore energy installations around Scotland’s coast – on one side from the rapid development of drones, from the other, their growing use in hostilities. As Ukrainians know well, the threat comes from the air. But it can also be afloat, with underwater sabotage a major new theatre of…

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Ozone gas to clean river in UK-first £20m project

photo: freepik A water firm is using technology worth £20m for the first time in the UK to pump ozone gas into a river to reduce pollutants. Severn Trent Water is using the process on waste water to clean up the River Teme in Ludlow, Shropshire. It aims to reduce bacteria, micro pollutants and medications…

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