A bumper year for British oil and gas ?
This year, oil and gas investment in the UK is set to rise further, setting an all-time high with new jobs and potentially more than GBP5bn in tax revenue to the country’s strained budget and labour market.
This year, oil and gas investment in the UK is set to rise further, setting an all-time high with new jobs and potentially more than GBP5bn in tax revenue to the country’s strained budget and labour market.
Already under pressure from mild weather and the economic slowdown, the UK’s short-term power prices could slide further in 2012 as nearly 3.5GW of net production capacity comes online.
UK-based AFC Energy commissioned two Beta commercial-design fuel cell systems at AkzoNobel’s Bitterfeld plant in Germany and the systems have been successfully generating their first power
German utility E.ON have signed an agreement to trade more than 30% of its UK-based power generation on the day-ahead auction of the N2EX power exchange,
RWE npower will start commercial operations at Britain’s biggest biomass power station at Tilbury at the end of January
In the first nine months of the financial year, SSE has brought over 300MW of onshore wind capacity online, surpassing the 1GW capacity mark.
Energy companies sometimes get caught in the spotlight of the market and are caught up in a game of investor snakes and ladders where either designation may be unwelcome. Ian McInnes offers examples.
The UK’s government has secured the future of Cornwall’s Wave Hub energy project.
Up to 800MW wind and tidal power in offshore Northern Ireland are a step closer to realisation as the UK Crown Estate launches the bidding process.
As the UK’s big six energy suppliers invest in gas-powered capacity, renewables projects are set back.
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