Ocean Power Technologies (OPT) has won two new funding awards worth $4.8m (£3.1m) from the US Department of Energy (DoE).

Business secretary John Hutton outlined plans for increased North Sea oil production today, as he gave the green light for two new field developments.

Caterpillar has announced cost-cutting measures following weakening sales and deterioration of growth in emerging markets.

A K-MAX helicopter converted for unmanned operation by Lockheed Martin and Kaman has proven in tests that it can re-supply troops with cargo airdropped by parachute.

A new system will help optimise the output of natural gas from non-conventional reserves.

A high-energy form of ultrasound imaging produces pictures of liver tumours that are better than those made with traditional ultrasound.