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Chris Huhne has talks with oil companies
The Energy Secretary yesterday met with the major oil companies to discuss the new taxes on oil and gas extraction in the North Sea Executives from the big oil companies are said to have had “Full and...
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Centrica threaten North Sea gas field closure
Centrica has threatened to close one of the UK’s major gas fields over a tax dispute Centrica has closed three gas fields in Morecambe Bay for one month of maintenance, but has claimed it may not...
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Chris Huhne defends North Sea tax
Energy secretary Chris Huhne has spoken against concerns that North Sea taxes will jeopardise the UK’s energy security and cost jobs Chris Huhne faced fellow MPs yesterday regarding the taxes on North...
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Centrica warns of price rises
British Gas owner Centrica has released a statement warning of higher energy prices for its customers. Centrica specifies the forward wholesale gas prices for the coming winter, which are 25% higher...
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Centrica close Morecambe Bay gas field
Centrica have taken the decision to leave Britain’s largest gas field shut. The Morecambe Bay gas field in the North Sea, owned by British Gas parent company Centrica, is to remain closed. Centrica...
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North Sea oil leak “substantial” says DECC
Shell gas has announced a ruptured pipeline has spilt a substantial amount of oil into the North Sea The spill, coming from the pipeline leading to the Gannet Alpha oil platform 113 miles (180 km) off...
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North sea oil and gas outputs decrease
The Department of Energy and Climate Change has released new figures showing that imported coal is replacing gas and oil from the North sea in the UK fuel mix. The newly released data shows that North...
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Budget 2012: New carbon taxes for businesses?
In the budget today, the Chancellor George Osborne announced plans for a new “alternative environmental tax”, as a result of reforming or scrapping the Carbon Reduction Commitment. The Carbon Reduction...
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North Sea gas field to be brought back online
Nearly a year after a significant leak was found, a gas field operated by Total Gas & Power is to be restarted. Production at the Elgin gas platform, which is situated 240 km east of Aberdeen, was...
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