Menu
13/11/2008
Government Approves Oil And Gas Exploration
The government has granted seven North Sea exploration licences to allow three major energy companies hunt for oil and gas.
Genesis Petroleum Corp, Faroe Petroleum and Stratic Energy Corp were awarded permission under the UK 25th Licensing Round by the newly created Department of Energy and Climate Change.
Two licences, one west of Shetland and one in the Southern Gas basin were won by Faroe and its partners.
Faroe has a 30% interest in the West of Shetland Frontier Licence and a 20% stake in the Southern Gas Basin Traditional Licence.
Genesis subsidiary Genesis Exploration & Production Ltd, along with its partner Lundin Petroleum, has been awarded interests in two licences comprising 11 blocks.
Stratic Energy was awarded three blocks in the Southern Gas Basin and in the Central North Sea.
Yesterday, Genesis shares were up 2.6% at 20 pence, while Faroe shares were down 5.7% at 75 pence.
Stratic shares remained untraded, after closing at 14.5 pence.
(PR/JM)
Genesis Petroleum Corp, Faroe Petroleum and Stratic Energy Corp were awarded permission under the UK 25th Licensing Round by the newly created Department of Energy and Climate Change.
Two licences, one west of Shetland and one in the Southern Gas basin were won by Faroe and its partners.
Faroe has a 30% interest in the West of Shetland Frontier Licence and a 20% stake in the Southern Gas Basin Traditional Licence.
Genesis subsidiary Genesis Exploration & Production Ltd, along with its partner Lundin Petroleum, has been awarded interests in two licences comprising 11 blocks.
Stratic Energy was awarded three blocks in the Southern Gas Basin and in the Central North Sea.
Yesterday, Genesis shares were up 2.6% at 20 pence, while Faroe shares were down 5.7% at 75 pence.
Stratic shares remained untraded, after closing at 14.5 pence.
(PR/JM)
Related UK National News Stories
Click here for the latest headlines.
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.
07 August 2009
One Killed In Village Blast
One person has died following an explosion at a house in Warwickshire. Fire crews who had been called out to a fire in the village of Ullenhall discovered the person at around 4pm on Thursday. The fire was extinguished by about 5.45pm. No one else was injured in the fire.
One Killed In Village Blast
One person has died following an explosion at a house in Warwickshire. Fire crews who had been called out to a fire in the village of Ullenhall discovered the person at around 4pm on Thursday. The fire was extinguished by about 5.45pm. No one else was injured in the fire.
24 September 2008
EDF To Takeover British Energy
The Government welcomed EDF's proposed £12.5 billion takeover offer for British Energy Group and the British Energy Board's recommendation of the offer to its shareholders. The Government has committed to accept the cash offer of 774p per share for its 36% stake held by the Nuclear Liabilities Fund (NLF), subject to certain conditions.
EDF To Takeover British Energy
The Government welcomed EDF's proposed £12.5 billion takeover offer for British Energy Group and the British Energy Board's recommendation of the offer to its shareholders. The Government has committed to accept the cash offer of 774p per share for its 36% stake held by the Nuclear Liabilities Fund (NLF), subject to certain conditions.
09 September 2005
Gas and electricity prices to rise by over 14%
British Gas prices are set to rise by 14.2% for residential customers later in September. The company blamed the increase on soaring oil and gas prices. The rise follows on recent similar price hikes by Powergen and EDF Energy. The company said that the 14.
Gas and electricity prices to rise by over 14%
British Gas prices are set to rise by 14.2% for residential customers later in September. The company blamed the increase on soaring oil and gas prices. The rise follows on recent similar price hikes by Powergen and EDF Energy. The company said that the 14.
04 February 2010
Energy Supplier Slashes Gas Price
British Gas has today cut its standard gas prices by an average 7%. The price cut, which will benefit 8 million households, takes effect immediately and makes British Gas, on average, the cheapest supplier of standard gas and electricity right across Britain - no matter which way customers choose to pay.
Energy Supplier Slashes Gas Price
British Gas has today cut its standard gas prices by an average 7%. The price cut, which will benefit 8 million households, takes effect immediately and makes British Gas, on average, the cheapest supplier of standard gas and electricity right across Britain - no matter which way customers choose to pay.
-
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.
