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NewsThe island nation has become the first country to extract natural gas from methane hydrates frozen underneath the sea. New technology could lead to the gas being commercially extracted in the coming years – as the technology improves and it costs less to extract. Although frozen gas is currently very expensive compared to other methods [...]
Posts Tagged ‘Shale gas’
2013 budget announces shale gas tax breaks
Tax breaks for shale gas companies, and Climate Change Levy Exemption for ceramics companies were announced in the 2013 budget. The Chancellor George Osborne today unveiled his 2013 budget, which he said would help “those who want to work hard & get on”. But there was no sign of the new, simpler ‘carbon tax’ that [...]
Fracking ‘could be fast tracked’
The Growth and Infrastructure Bill, currently going through the House of Lords could give shale gas the go-ahead faster than expected. Shale Gas is the reason many parts of the U.S. are seeing their economy boom. Energy prices have halved in some areas, as their planning and drilling regulations have allowed shale exploration to progress [...]
A 2013 UK Shale Gas Revolution? Unlikely.
Natural gas prices in the US have dropped by almost two thirds since they started ‘fracking’ for shale gas. Could we see a similar boost to the UK economy any time soon? Shale Gas – probably the only hope we have of producing a significant amount of useful, home-grown energy in the next decade or [...]
2012 Energy Bill Omits 2030 Carbon Target
Details of the government’s new energy bill have now been released, with plans to keep the lights on and keep carbon emissions down. Labour are calling it a “humiliating failure” for the Lib Dems and Greenpeace say David Cameron has given in to “militant tendencies” in his own party. However you look at it, the [...]
Ofgem report warns of blackouts by 2015
A lack of excess electricity generation has led the energy regulator to admit there could be shortfalls in supply in the near future. A report recently published by Ofgem predicts that the UK’s spare generation capacity will drop from its currently level of 14% to 4% by 2015. Under special terms in business electricity contracts, [...]
Wind subsidies to be cut by 10%
Wind subsidy reduction hailed by Department of Energy and Climate Change Secretary Ed Davey as a “victory”. The government wanted to reduce it to 75% of current levels, but it has now been agreed that it will be reduced to only 90% of the current subsidy. The coalition announced its plans for the future of [...]
British Gas announces profits increase of 23%
The UK’s largest energy supplier made a record profit in the first six months of 2012, and has hinted that further rises may be coming in the next year and a half. The company, which is a part of Centrica plc, announced profits were up £64m to around £345m – back to “normal levels” according [...]
Fracking gets go-ahead in the UK
An era of cheap, abundant gas could be on the way, as new report confirms risk of earthquakes and water contamination are minimal. In what could be the most significant step in Britain’s energy security since the widespread exploitation of North Sea oil, hydraulic fracturing, or ‘fracking’ has been deemed safe in a new report [...]
Sustainable development is ‘meaningless drivel’
James Lovelock, long-time environmental guru and the inventor of the Gaia Hypothesis says environmentalism is taking over from Christianity, and thinks we should ‘go mad on’ shale gas. In an interview in the Guardian, the celebrated environmental scientist also declares that he is not worried about sea-level rises, Germany is crazy for ditching nuclear power, [...]
