INEOS’s $1.3 billion acquisition of all DONG Energy’s assets in the North Sea has been cleared by the European competition watchdog in less than a month since the transaction was announced, Kallanish Energy reports.
UK’s utility company Centrica, also owner of British Gas, announced on Wednesday it’s selling two combined cycle gas turbine (CCGT) power stations to EP UK Investments (EPUK) for £318 million ($402 million) in cash, Kallanish Energy learns.
The UK’s largest natural gas storage facility, Rough, will be permanently shut down, following negative results from an extensive wells testing program, which had already delayed injection operations to May 2018, Kallanish Energy reports.
The UK shale industry is gaining momentum as oil and gas explorers Cuadrilla and Third Energy also move closer to drilling their wells, IGas Energy’s CEO Stephen Bowler said on Wednesday in an update to the market.
The UK nuclear industry has voiced its concerns following the results of last week’s general elections which left the country without a government, and urged the next administration to return to business as quickly as possible, Kallanish Energy learns.
While helping the UK hit a renewables record generation in the grid on Wednesday, wind power plants have also blown the wholesale market, driving electricity prices into negative for five consecutive hours in the early morning of June 7.
The UK onshore oil and gas industry trade body, UKOOG, said Monday the current political situation regarding Qatar and its Middle Eastern neighbors shows why the UK needs to “urgently get on with developing the extensive gas resource beneath our feet.”