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Equinor completes acquisition of Rosebank project

Equinor completes acquisition of Rosebank project

January 11, 2019 No Comments

Equinor and Chevron have completed their transaction announced in October 2018, whereby Equinor has acquired Chevron’s 40% operated interest in the Rosebank project in the West of Shetland region of the UK Continental Shelf. Rosebank further strengthens Equinor’s UK upstream portfolio which includes the Mariner development, expected to start commercial production during the first half […]

Economy Energy collapse

Economy Energy collapse

January 8, 2019 No Comments

Coventry-based Economy Energy has ceased to trade. Economy Energy, a gas and electricity supplier had circa 235,000 customers in the UK. Ofgem, the UK energy regulator, is appointing a new supplier for its customers and advises that existing customers need not worry as their supplies are secure and credit balances are protected. Ofgem’s advice is […]

Medco in takeover talks with Ophir Energy

Medco in takeover talks with Ophir Energy

January 2, 2019 No Comments

Further to the share price movement in Ophir, the Boards of Ophir and Medco confirm they are in discussions about a possible cash offer to be made by Medco for the entire issued and to be issued share capital of Ophir website reported. This announcement does not amount to a firm intention to make an […]

DNO’s Offer substantially undervalues Faroe by 48 per cent

DNO’s Offer substantially undervalues Faroe by 48 per cent

January 2, 2019 No Comments

Independent expert’s asset valuation highlights the inadequacy of DNO’s Offer The Board of Faroe (the “Board”, “we”) announces that it is today publishing an independent current valuation report on Faroe’s assets which implies a valuation for Faroe in the range of 186p to 225p per share1. This independent valuation report clearly highlights the inadequacy of […]

Uber’s business model in the UK at risk

Uber’s business model in the UK at risk

December 20, 2018 No Comments

Uber loses appeal on driver employment rights. Uber drivers are directly employed by the firm, a Court of Appeal judgement declared, after the ride-hailing app failed to overturn an employment tribunal decision. The judgement requires Uber to recognise drivers as “limb (b)” workers – thereby allowing them collective bargaining rights with impact on things such […]

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Wood wins $66 million  framework Contract

Wood wins $66 million framework Contract

December 18, 2018 No Comments

Wood has won a contract to supply programmable digital control technologies to the Sellafield nuclear site in Cumbria, UK. The 10-year framework, worth $66 million, covers all stages of system design, manufacture and assembly of equipment, obsolescence management and maintenance support to project work and decommissioning carried out by Sellafield Ltd. The contract will help […]

Jaguar Land Rover axe 200 more jobs in UK

Jaguar Land Rover axe 200 more jobs in UK

November 30, 2018 No Comments

Jaguar Land Rover (JLR) is to cut more jobs at its Solihull plant as a result of moving the production of its Discovery model out of the UK according to media reports. The company, which had already announced that 1,000 agency workers would be laid off in April, said today around 200 more people working […]

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Seventh Energy Provider go Bust in UK

Seventh Energy Provider go Bust in UK

November 24, 2018 No Comments

Spark Energy, an electricity and gas supplier, headquartered in Selkirk, Scottish Borders ceased trading on 23 November 2018 after a series of major failures, including the failure to pay the industry regulator Ofgem to the sum of £14.4 Million for their renewables obligation payment. Spark Energy is the seventh energy provider to go out of […]

Proposal to use hydrogen to decarbonise homes in northern England

Proposal to use hydrogen to decarbonise homes in northern England

November 23, 2018 No Comments

The report “H21 North of England” published today, sets out how 3.7 million homes and 40,000 businesses in the north of England, currently heated by natural gas, could be converted to hydrogen and made emission-free by 2034. The work has been led by Northern Gas Networks in partnership with Cadent and Equinor. The report has […]

Serica Energy Acquires BHP Interests in Bruce and Keith

Serica Energy Acquires BHP Interests in Bruce and Keith

November 6, 2018 No Comments

Serica Energy plc (AIM: SQZ) announced that Serica Energy (UK) Limited (“Serica UK”) has signed a sale and purchase agreement (“SPA”) to acquire further interests in the Bruce and Keith fields and associated infrastructure in the UK North Sea (the “Transaction”). Under the SPA, Serica UK will acquire a 16.00% interest in the Bruce field […]

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