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20/11/2014
Chemical Giant To Invest In UK Shale Gas Extraction
Ineos is to invest around £640m ($1bn) in shale gas exploration and production in the UK, according to a report by the BBC.
It is understood the company plan to use the gas as a raw material in its chemical plants such as Grangemouth.
According to the report, Grangemouth is currently operating at a loss but it is believed that shale gas could "transform" the fortunes of the plant.
The possibility of fracking in the UK has raised concerns and led to protests.
Campaigners say that fracking – a process by which gas is extracted when water and chemicals are pumped at high pressure into shale rock – could lead to earthquakes, water pollution and environmental damage.
(MH/JP)
It is understood the company plan to use the gas as a raw material in its chemical plants such as Grangemouth.
According to the report, Grangemouth is currently operating at a loss but it is believed that shale gas could "transform" the fortunes of the plant.
The possibility of fracking in the UK has raised concerns and led to protests.
Campaigners say that fracking – a process by which gas is extracted when water and chemicals are pumped at high pressure into shale rock – could lead to earthquakes, water pollution and environmental damage.
(MH/JP)
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24 January 2014
'Fracking Could Boost Economy' - David Cameron
Prime Minister David Cameron has said that shale gas extraction through fracking could boost the UK economy and encourage the return of businesses. Speaking at the World Economic Forum in Switzerland, David Cameron said that fracking could be a "fresh driver" of UK growth, highlighting that it is already "flooring" energy prices in the US.
'Fracking Could Boost Economy' - David Cameron
Prime Minister David Cameron has said that shale gas extraction through fracking could boost the UK economy and encourage the return of businesses. Speaking at the World Economic Forum in Switzerland, David Cameron said that fracking could be a "fresh driver" of UK growth, highlighting that it is already "flooring" energy prices in the US.
19 July 2013
Govt Proposed 50% Tax Break For Fracking Firms
Tax on the incoming generated by shale gas could be reduced by 50%, in plans that would make the UK the "most generous" regime for shale gas in the world, the government said. Found in underground shale rock formations, the government have proposed cutting the tax from 62% to 30%.
Govt Proposed 50% Tax Break For Fracking Firms
Tax on the incoming generated by shale gas could be reduced by 50%, in plans that would make the UK the "most generous" regime for shale gas in the world, the government said. Found in underground shale rock formations, the government have proposed cutting the tax from 62% to 30%.
13 December 2012
UK Fracking Given Green Light
Fracking has been given the go-ahead by the UK government, despite the controversy surrounding the technique. Fracking involves pumping a mixture of water, sand and chemicals into a well to force the gas from rock. The Energy Secretary Ed Davey said it was a potential new energy resource for the UK.
UK Fracking Given Green Light
Fracking has been given the go-ahead by the UK government, despite the controversy surrounding the technique. Fracking involves pumping a mixture of water, sand and chemicals into a well to force the gas from rock. The Energy Secretary Ed Davey said it was a potential new energy resource for the UK.
26 August 2014
200 Homes Still Without Gas After Water Leak
Around 200 homes in Wales are still without gas after a burst water pipe flooded gas lines last Thursday. Wales and West Utilities have said that some 150,000 litres of water has been pumped from gas pipes since last Thursday, with 540 of the 755 homes affected by the leak, now reconnected.
200 Homes Still Without Gas After Water Leak
Around 200 homes in Wales are still without gas after a burst water pipe flooded gas lines last Thursday. Wales and West Utilities have said that some 150,000 litres of water has been pumped from gas pipes since last Thursday, with 540 of the 755 homes affected by the leak, now reconnected.
31 July 2008
Centrica Posts £1 Million In Profits - To Consumers Anger
British Gas owner Centrica has posted half-year profits of almost £1 billion - much to the anger of consumer groups. Centrica maintain that it has been "absolutely necessary" to raise household gas prices as profits were down 20% in the first six months of this year to £992 million - down from £1.23 billion in 2007.
Centrica Posts £1 Million In Profits - To Consumers Anger
British Gas owner Centrica has posted half-year profits of almost £1 billion - much to the anger of consumer groups. Centrica maintain that it has been "absolutely necessary" to raise household gas prices as profits were down 20% in the first six months of this year to £992 million - down from £1.23 billion in 2007.
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Northern Ireland WeatherThis Evening and Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
