News for Utilities
Thursday, June 13, 2013
Ofgem calls for competition measures to be enforced on energy giants
Ofgem, the energy in watchdog has called for new measures to be brought into place in order to reduce the stranglehold that the 6 main UK energy suppliers have over the market.
Monday, June 10, 2013
Centrica enters into talks for UK fracking stake
Energy giants Centrica who are the owners of British Gas, have entered into talks with Cuadrilla Resources, a leader in shale gas fracking within the UK, about buying a stake in shale gas operations.
Thursday, June 06, 2013
Centrica partners with Fujitsu for systems modernisation
Energy supplier Centrica has hired IT giant Fujitsu to carry out a transformation of IT services including the modernisation and migration of services and systems.
Tuesday, May 28, 2013
Severn Trent looks to renegotiated offer
Water company Severn Trent are expecting to receive a new increased takeover offer from a group of international investors, after the rejection of an offer £21 per share.
Thursday, May 16, 2013
IBM appointed as innovation partner for Thames Water
Thames Water has appointed IBM as Technology and Innovation Partner in a move that is designed to develop and improve the water company’s social interaction with customers alongside overall corporate transformation services.
Monday, May 13, 2013
UK Coal looks at nationalisation
Britain’s largest coal mining businesses UK Coal may return to public ownership as ministers discuss a plan designed to support the company’s struggling pension scheme.
Centrica reports increased profits from protracted winter
An increased price rise of 6 percent during December 2012 led to boosted profits for British Gas, with a long winter seeing rising energy consumption levels delivering £602 million in profit.
Thursday, May 02, 2013
Poor economic figures see oil price fall
The price of crude oil has fallen, with expectations of limited growth in industrial production, as markets are hit by the global economic slowdown.
Tuesday, April 30, 2013
Sita UK set to run £900 million waste scheme
Sita UK are poised as leaders of a consortium to take over the running of waste disposal for six west London councils in a scheme valued at £900 million.
Tuesday, April 16, 2013
Centrica and Qatar Buy Canadian Gas Field equiv. to 15 Billion Barrels of Oil
Centrica plc and Qatar Petroleum International (QPI) have agreed to acquire jointly a package of producing conventional natural gas and crude oil assets and associated infrastructure located in the Western Canadian Sedimentary Basin from Suncor Energy for £650 million, cash. The assets are located principally in South and Central Alberta where they overlap with existing Centrica assets, providing the opportunity for cost savings in production and development, and in North East British Columbia. The package also includes over 1 million acres of undeveloped land and there is significant potential for reserves and production upside through the use of horizontal drilling and multi-stage fracturing.