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Norwegian oil and gas sector not looking good

Norwegian oil and gas sector not looking good

According to experts, the Norwegian oil and gas industry have a bleak outlook for 2015. Sector analysts Wood Mackenzie warned that cuts in oil and gas exploration will be large, following the drastic price drop in oil in recent months. ...

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Labour looking to secure fracking ban near drinking water aquifers

Labour looking to secure fracking ban near drinking water aquifers

Labour are hoping to ban fracking on land near to drinking water aquifers. On Tuesday 13th January, an amendment to the Infrasctructure Bill which would prohibit shale gas extraction in groundwater protection zones is to be debated in the House of ...

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North Sea oil and gas exploration reforms announced

North Sea oil and gas exploration reforms announced

The UK treasury has announced a new set of reforms to boost oil and gas exploration in the North Sea. It includes introducing a basin-wide “investment allowance” designed to cut the tax rate for companies investing in the future of ...

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UK government pledges £36 million funds to boost shale industry

UK government pledges £36 million funds to boost shale industry

The UK government will create a £36 million funding boost for the nascent shale industry by investing in research test centres over the next tax year and public engagement. Chancellor George Osborne’s final Autumn Statement said the government would be ...

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Shale gas sovereign fund to be set up in the UK

Shale gas sovereign fund to be set up in the UK

Energy Secretary Ed Davey has announced that there are plans to set up a sovereign wealth fund in the UK from the extraction of shale gas. Davey said it is part of the UK Government’s “broader strategy to strengthen our ...

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Fracking to come to London with London Local Energy

Fracking to come to London with London Local Energy

A new firm called London Local Energy has applied to the Department of Energy & Climate Change for a licence to look for shale gas in London. Fracking supporter Nick Grealy founded the company only a month ago. He also ...

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November wholesale gas prices drop to their lowest in 4 years

November wholesale gas prices drop to their lowest in 4 years

The UK wholesale price in November for gas has dropped to the lowest since 2010. Gas for November this year traded at 51.60 pence per therm (p/th), according to analysts at ICIS, 10 pence cheaper than November 2011, and lower ...

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Tighter fracking regulations proposed by Labour

Tighter fracking regulations proposed by Labour

The Labour Party have today tabled amendments to the Infrastructure Bill for tighter fracking regulations. The amendments that have been tabled would require well-by-well disclosure of the fluid used and baseline monitoring of methane levels in the groundwater.  The inclusion ...

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Good Energy saw increase of 36% in it’s customer base

Good Energy saw increase of 36% in it’s customer base

Good Energy’s customer base saw an increase of 82% for gas and 35% of electricity in June compared to 35% last year, with the total number increasing from 97, 000 to 132,000. “Our strong customer growth so far this year ...

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WWF warning for UK ” leave shale gas in the ground”

WWF warning for UK ” leave shale gas in the ground”

The UK government have been warned by environmental group WWF that the country should not open up it’s doors to drilling for shale gas if it is to tackle climate change. The fracking process extracts gas from shale rock layers ...

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