EDF Energy, the UK arm of utility group EDF, said Friday it has been granted one-year capacity agreements from Oct. 2021 to Sept. 2022 at a rate of £8.40 ($11.61) per kilowatt (kW), Kallanish Energy learns.
UK’s Ineos Shale, the unconventional E&P unit of petrochemical giant Ineos, has had another "disappointing" news as it plans for test drilling at a site in Derbyshire, in East Midlands of England was rejected by a local council.
UK’s Forties Pipeline System, one of the most important oil and gas pipelines in the North Sea, was shut on Wednesday morning, but operator Ineos said it should be back online by Thursday, Kallanish Energy reports.
UK’s power generator Eggborough Power announced Friday it’s no longer economically viable to keep its coal-fired power plant open, in Yorkshire, with closure estimated at the end of September, Kallanish Energy reports.
BP announced Wednesday two new exploration discoveries in the North Sea, which the oil and gas major hopes to lead to further additions to the company’s businesses in the UK offshore oil industry, Kallanish Energy reports.
UK’s total production of natural gas was down by 11% in third quarter of 2017 — the first fall seen since Q2 2016 and around 40% of the average quarterly production in 2000 when gas production peaked, BEIS said last week.
The UK’s oil and gas production is expected to continue growing until 2020, with the longer-term production outlook highly dependent on the success of new exploration and investments, Rystad Energy said Thursday.