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Выбор редакции
07 августа, 21:03

House price slowdown is excellent news – even if estate agents disagree | Nils Pratley

Rises have hit a four-year low in the UK – soaring prices were unsustainable given how slowly wages are increasingTake your pick. House prices in the UK are rising at their slowest annual rate for four years, according to the Halifax’s index. Alternatively, June’s increase was the strongest monthly increase this year.As ever with house prices, it’s best to prefer the longer perspective. On this occasion, that means ignoring the June’s very modest month-on-month pick-up of 0.4% and concentrating on the underlying trend. The mood is best captured by the fact that the May-July period recorded the fourth quarterly fall in a row, the first time that has happened since November 2012. In short, the market has slowed significantly this year. The annual rate of increase was 5.7% in January; now it is 2.1%. Continue reading...

Выбор редакции
01 августа, 22:19

Price cap still possible, government warns energy companies

Ofgem told to act fast to safeguard poorer households after British Gas announces 12.5% electricity price riseThe government has warned energy companies it is still prepared to legislate for an energy price cap, after British Gas announced a 12.5% electricity price rise for more than 3m households.The increase would add £76 to a typical annual electricity bill, and some experts warned that it could kick start a new round of price rises from the so-called Big Six energy companies. Continue reading...

Выбор редакции
01 августа, 21:54

Angry at British Gas price hike? Save your fury for the government

News that electricity bills will increase by 12.5% is no surprise – likewise the complete lack of action by ministers in responseAre you outraged that British Gas is hiking the price of its electricity by 12.5%? Maybe you are, but nobody who follows the energy market can claim to be surprised by it. Parent company Centrica signalled its move months ago and delayed implementation only because of the approach of the general election in May.Centrica was never going to allow its main dual fuel tariff to be notably cheaper than most of its rivals indefinitely. Even after the increase, the company can claim its prices are near the bottom of the range among big suppliers. Continue reading...

Выбор редакции
01 августа, 20:57

Martin Rowson on electricity price rises – cartoon

Continue reading...

Выбор редакции
01 августа, 09:50

British Gas raises electricity prices by 12.5%

Experts fear rise will prompt another round of increases after Centrica sanctions average annual dual fuel bill rise of 7.3% to £1,120British Gas has raised electricity prices by 12.5% in a move consumer experts warned could kick off a new round of price rises from rival suppliers this winter.The company, owned by Centrica, left its gas prices unchanged, which means the average annual dual fuel bill will rise by 7.3%, or £76, to £1,120. The increase, which takes effect on 15 September, will affect 3.1 million customers. The company said it would give a £76 credit to more than 200,000 vulnerable customers to protect them from the increase. Continue reading...

Выбор редакции
24 июля, 17:08

Centrica, Bayerngas Norge to form European E&P combine

Centrica PLC, Windsor, UK, has agreed to merge its European oil and gas exploration and production business with Bayerngas Norge AS, Oslo, to form a newly incorporated joint venture.

17 июля, 23:11

India Plans Next Merger On Road To Creating Oil Giant

India’s top refiner Indian Oil Corporation (IOC) may buy out the government’s 66-percent stake in exploration company Oil India, in a second deal involving oil firms that is part of India’s plan to create a giant integrated oil company, ET Now news reported on Monday, citing sources. It was not immediately clear if the transaction would be an all-cash deal, an all-stock deal, or a mix of the two, ET Now said. However, a possible IOC-Oil India deal would probably be an easier transaction to execute than the plan to merge the third-largest…

17 июля, 21:10

Mexico Delays Oil Auction, Allows Investors To Assess Recent Finds

Mexico’s next offshore oil auction will be held in January next year instead of in December 2017 as initially planned, in order to give bidders more time to assess all new data in view of the recent huge finds in the Mexican part of the Gulf of Mexico, the head of Mexico’s oil regulator told Bloomberg in an interview published on Monday. Last week, UK-based Premier Oil, along with its partners Talos Energy and the Mexico City-based Sierra Oil & Gas, said that they struck oil in excess of 1 billion barrels in the shallow waters in…

Выбор редакции
17 июля, 19:26

Centrica, Bayerngas Norge to form European E&P combine

Centrica PLC, Windsor, UK, has agreed to merge its European oil and gas exploration and production business with Bayerngas Norge AS, Oslo, to form a newly incorporated joint venture.

17 июля, 18:56

UK’s Centrica Merges Oil Business With Bayerngas Norge

  • 0

UK energy company Centrica is combining its European oil and gas exploration and production business in a joint venture with Bayerngas Norge, creating one of Europe’s leading independent E&P companies that will have combined 2017 production in the range 50 million-55 million barrels of oil equivalent from 27 producing fields. Centrica, the owner of utility British Gas, is the latest European utility that is splitting off oil exploration businesses to focus on energy supply and services. Earlier this year, France’s Engie sold its…

17 июля, 18:56

UK’s Centrica Merges Oil Business With Bayerngas Norge

  • 0

UK energy company Centrica is combining its European oil and gas exploration and production business in a joint venture with Bayerngas Norge, creating one of Europe’s leading independent E&P companies that will have combined 2017 production in the range 50 million-55 million barrels of oil equivalent from 27 producing fields. Centrica, the owner of utility British Gas, is the latest European utility that is splitting off oil exploration businesses to focus on energy supply and services. Earlier this year, France’s Engie sold its…

17 июля, 18:56

UK’s Centrica Merges Oil Business With Bayerngas Norge

  • 0

UK energy company Centrica is combining its European oil and gas exploration and production business in a joint venture with Bayerngas Norge, creating one of Europe’s leading independent E&P companies that will have combined 2017 production in the range 50 million-55 million barrels of oil equivalent from 27 producing fields. Centrica, the owner of utility British Gas, is the latest European utility that is splitting off oil exploration businesses to focus on energy supply and services. Earlier this year, France’s Engie sold its…

17 июля, 18:56

UK’s Centrica Merges Oil Business With Bayerngas Norge

  • 0

UK energy company Centrica is combining its European oil and gas exploration and production business in a joint venture with Bayerngas Norge, creating one of Europe’s leading independent E&P companies that will have combined 2017 production in the range 50 million-55 million barrels of oil equivalent from 27 producing fields. Centrica, the owner of utility British Gas, is the latest European utility that is splitting off oil exploration businesses to focus on energy supply and services. Earlier this year, France’s Engie sold its…

17 июля, 18:56

UK’s Centrica Merges Oil Business With Bayerngas Norge

  • 0

UK energy company Centrica is combining its European oil and gas exploration and production business in a joint venture with Bayerngas Norge, creating one of Europe’s leading independent E&P companies that will have combined 2017 production in the range 50 million-55 million barrels of oil equivalent from 27 producing fields. Centrica, the owner of utility British Gas, is the latest European utility that is splitting off oil exploration businesses to focus on energy supply and services. Earlier this year, France’s Engie sold its…

17 июля, 18:56

UK’s Centrica Merges Oil Business With Bayerngas Norge

  • 0

UK energy company Centrica is combining its European oil and gas exploration and production business in a joint venture with Bayerngas Norge, creating one of Europe’s leading independent E&P companies that will have combined 2017 production in the range 50 million-55 million barrels of oil equivalent from 27 producing fields. Centrica, the owner of utility British Gas, is the latest European utility that is splitting off oil exploration businesses to focus on energy supply and services. Earlier this year, France’s Engie sold its…

17 июля, 18:56

UK’s Centrica Merges Oil Business With Bayerngas Norge

  • 0

UK energy company Centrica is combining its European oil and gas exploration and production business in a joint venture with Bayerngas Norge, creating one of Europe’s leading independent E&P companies that will have combined 2017 production in the range 50 million-55 million barrels of oil equivalent from 27 producing fields. Centrica, the owner of utility British Gas, is the latest European utility that is splitting off oil exploration businesses to focus on energy supply and services. Earlier this year, France’s Engie sold its…

17 июля, 18:56

UK’s Centrica Merges Oil Business With Bayerngas Norge

  • 0

UK energy company Centrica is combining its European oil and gas exploration and production business in a joint venture with Bayerngas Norge, creating one of Europe’s leading independent E&P companies that will have combined 2017 production in the range 50 million-55 million barrels of oil equivalent from 27 producing fields. Centrica, the owner of utility British Gas, is the latest European utility that is splitting off oil exploration businesses to focus on energy supply and services. Earlier this year, France’s Engie sold its…

17 июля, 18:56

UK’s Centrica Merges Oil Business With Bayerngas Norge

  • 0

UK energy company Centrica is combining its European oil and gas exploration and production business in a joint venture with Bayerngas Norge, creating one of Europe’s leading independent E&P companies that will have combined 2017 production in the range 50 million-55 million barrels of oil equivalent from 27 producing fields. Centrica, the owner of utility British Gas, is the latest European utility that is splitting off oil exploration businesses to focus on energy supply and services. Earlier this year, France’s Engie sold its…

17 июля, 18:56

UK’s Centrica Merges Oil Business With Bayerngas Norge

  • 0

UK energy company Centrica is combining its European oil and gas exploration and production business in a joint venture with Bayerngas Norge, creating one of Europe’s leading independent E&P companies that will have combined 2017 production in the range 50 million-55 million barrels of oil equivalent from 27 producing fields. Centrica, the owner of utility British Gas, is the latest European utility that is splitting off oil exploration businesses to focus on energy supply and services. Earlier this year, France’s Engie sold its…

17 июля, 18:56

UK’s Centrica Merges Oil Business With Bayerngas Norge

  • 0

UK energy company Centrica is combining its European oil and gas exploration and production business in a joint venture with Bayerngas Norge, creating one of Europe’s leading independent E&P companies that will have combined 2017 production in the range 50 million-55 million barrels of oil equivalent from 27 producing fields. Centrica, the owner of utility British Gas, is the latest European utility that is splitting off oil exploration businesses to focus on energy supply and services. Earlier this year, France’s Engie sold its…