Lorraine's Feed
Mar 25, 2013

Britain’s Centrica seals first U.S. natural gas deal

LONDON, March 25 (Reuters) – UK energy supplier Centrica
on Monday signed its first liquefied natural gas (LNG)
import deal with U.S. firm Cheniere Energy for 20-years’
worth of shipments starting in late 2018 as prices at home surge
due to scant supplies.

The deal, enough to fuel 1.8 million homes, is the first
ever long-term LNG supply deal for Britain and a breakthrough
for U.S. gas in Europe.

Mar 25, 2013

Centrica seals first U.S. natural gas deal

LONDON (Reuters) – Centrica (CNA.L: Quote, Profile, Research, Stock Buzz) on Monday signed its first liquefied natural gas (LNG) import deal with U.S. firm Cheniere Energy (LNG.A: Quote, Profile, Research, Stock Buzz) for 20-years’ worth of shipments starting in late 2018 as prices at home surge due to scant supplies.

The deal, enough to fuel 1.8 million homes, is the first ever long-term LNG supply deal for Britain and a breakthrough for U.S. gas in Europe.

Mar 21, 2013

SSE cuts capacity, says UK faces “lights out”

LONDON, March 21 (Reuters) – British utility SSE Plc
is to shut a quarter of its polluting and unprofitable power
capacity over the coming year,
warning that the government is seriously underestimating a
looming electricity shortage.

Adding to supply concerns after closures announced by other
operators, SSE also warned that a lack of clarity on proposed
changes to the electricity market meant it would not decide to
build any new power stations over the coming three years.

Mar 21, 2013

Lamprell says change of focus will reverse $100 mln loss

LONDON, March 21 (Reuters) – Oil rig maker Lamprell
charted the “back to basics” strategy it says will return it to
profitability by 2014 after swinging to a $105 million loss in
the most challenging year in its history.

Rapid growth in recent years prompted the oil services
company to expand into riskier areas, such as wind turbine
vessels, where operational difficulties led to a series of
profit warnings last year.

Mar 18, 2013

Analysis: No quick fix for Britain’s overloaded infrastructure

LONDON (Reuters) – After heavy rainfall, raw sewage gushes into the River Thames from a network of dank sewers beneath the streets of London.

A Victorian-era problem that has never been fixed, the cobweb-laced tunnels just meters from a new underground railway station at Blackfriars underscore Britain’s infrastructure backlog.

Mar 18, 2013

No quick fix for Britain’s overloaded infrastructure

LONDON, March 18 (Reuters) – After heavy rainfall, raw
sewage gushes into the River Thames from a network of dank
sewers beneath the streets of London.

A Victorian-era problem that has never been fixed, the
cobweb-laced tunnels just metres from a new underground railway
station at Blackfriars underscore Britain’s infrastructure
backlog.

Mar 7, 2013

Aggreko shares jump on dividend hike, reassuring outlook

LONDON, March 7 (Reuters) – Temporary power provider Aggreko
said it would increase its dividend by 15 percent and
reassured investors reeling from two earlier profit warnings,
sending shares 14 percent higher.

The British company, whose kit powers major events and
covers electricity shortfalls, warned in December that fewer
U.S. troops in Afghanistan, a likely fall in business as Japan
recovers from the 2011 earthquake, and the absence of a summer
Olympics would combine to cut 100 million pounds from revenue.

Mar 1, 2013

Ad firm WPP sees business confidence improving

LONDON, March 1 (Reuters) – WPP, the world’s biggest
advertising company, reported a stronger-than-expected rebound
in revenue growth at the end of 2012 and nudged up its forecast
for this year, citing signs of improving business confidence.

The British firm, a barometer of business sentiment whose
clients include Microsoft, Procter & Gamble and Shell, said on
Friday many of the economic worries raised by companies last
year, including a debt crisis in the euro zone and a potential
sharp slowdown in growth in China, appeared to be easing.

Feb 27, 2013

Ireland’s prospects for producing oil to become clear in 2013

DUBLIN, Feb 27 (Reuters) – Ireland’s prospects for cashing
in on its offshore oil and gas reserves will become clear in
2013 as a series of tests determine whether a recent flurry of
interest can be converted into commercial production.

Hopes that oil production will provide revenue for a
debt-laden government and a path towards energy independence
picked up last year after Irish explorer Providence Resources
reported the first commercially viable oil-flow rate at
its first drilling target, Barryroe.

Feb 27, 2013

Britain’s need for nuclear could open door to Chinese investment

LONDON, Feb 27 (Reuters) – China could be on the cusp of one
of its most sensitive European investments as costly plans for
new nuclear reactors in Britain open the door to Chinese
state-run firms.

Five years on from the sale of nuclear operator British
Energy to France’s EDF, the French firm is looking to
build the first new reactor in the UK since the 1990s and plans
talks with a Chinese partner.