Menu
24/01/2014
'Fracking Could Boost Economy' - David Cameron
Prime Minister David Cameron has said that shale gas extraction through fracking could boost the UK economy and encourage the return of businesses.
Speaking at the World Economic Forum in Switzerland, David Cameron said that fracking could be a "fresh driver" of UK growth, highlighting that it is already "flooring" energy prices in the US.
Hydraulic fracturing, commonly referred to as fracking, involves deep underground drilling to release a high-pressure mix of water, sand and chemicals to crack rocks and release gas stored inside.
According to the British Geological Survey, it is estimated that there could be some 1,300 trillion cubic feet of shale gas in the north of England.
The Prime Minister claims that this gas could give the UK a large economic boost along with ensuring the supply of cheaper, more secure energy.
(MH/JP)
Speaking at the World Economic Forum in Switzerland, David Cameron said that fracking could be a "fresh driver" of UK growth, highlighting that it is already "flooring" energy prices in the US.
Hydraulic fracturing, commonly referred to as fracking, involves deep underground drilling to release a high-pressure mix of water, sand and chemicals to crack rocks and release gas stored inside.
According to the British Geological Survey, it is estimated that there could be some 1,300 trillion cubic feet of shale gas in the north of England.
The Prime Minister claims that this gas could give the UK a large economic boost along with ensuring the supply of cheaper, more secure energy.
(MH/JP)
Related UK National News Stories
Click here for the latest headlines.
26 August 2014
200 Homes Still Without Gas After Water Leak
Around 200 homes in Wales are still without gas after a burst water pipe flooded gas lines last Thursday. Wales and West Utilities have said that some 150,000 litres of water has been pumped from gas pipes since last Thursday, with 540 of the 755 homes affected by the leak, now reconnected.
200 Homes Still Without Gas After Water Leak
Around 200 homes in Wales are still without gas after a burst water pipe flooded gas lines last Thursday. Wales and West Utilities have said that some 150,000 litres of water has been pumped from gas pipes since last Thursday, with 540 of the 755 homes affected by the leak, now reconnected.
31 July 2008
Centrica Posts £1 Million In Profits - To Consumers Anger
British Gas owner Centrica has posted half-year profits of almost £1 billion - much to the anger of consumer groups. Centrica maintain that it has been "absolutely necessary" to raise household gas prices as profits were down 20% in the first six months of this year to £992 million - down from £1.23 billion in 2007.
Centrica Posts £1 Million In Profits - To Consumers Anger
British Gas owner Centrica has posted half-year profits of almost £1 billion - much to the anger of consumer groups. Centrica maintain that it has been "absolutely necessary" to raise household gas prices as profits were down 20% in the first six months of this year to £992 million - down from £1.23 billion in 2007.
18 June 2012
Protest Group Blockade Derbyshire Drilling Rig
Protesters are blockading a drilling rig in Derbyshire in opposition to the controversial fracking method of natural gas extraction. The 20-strong group, Frack Off, says it wants to prevent the rig moving from storage to a frack site in Lancashire.
Protest Group Blockade Derbyshire Drilling Rig
Protesters are blockading a drilling rig in Derbyshire in opposition to the controversial fracking method of natural gas extraction. The 20-strong group, Frack Off, says it wants to prevent the rig moving from storage to a frack site in Lancashire.
20 November 2014
Chemical Giant To Invest In UK Shale Gas Extraction
Ineos is to invest around £640m ($1bn) in shale gas exploration and production in the UK, according to a report by the BBC. It is understood the company plan to use the gas as a raw material in its chemical plants such as Grangemouth.
Chemical Giant To Invest In UK Shale Gas Extraction
Ineos is to invest around £640m ($1bn) in shale gas exploration and production in the UK, according to a report by the BBC. It is understood the company plan to use the gas as a raw material in its chemical plants such as Grangemouth.
19 July 2013
Govt Proposed 50% Tax Break For Fracking Firms
Tax on the incoming generated by shale gas could be reduced by 50%, in plans that would make the UK the "most generous" regime for shale gas in the world, the government said. Found in underground shale rock formations, the government have proposed cutting the tax from 62% to 30%.
Govt Proposed 50% Tax Break For Fracking Firms
Tax on the incoming generated by shale gas could be reduced by 50%, in plans that would make the UK the "most generous" regime for shale gas in the world, the government said. Found in underground shale rock formations, the government have proposed cutting the tax from 62% to 30%.
-
Northern Ireland WeatherToday:After a dry start this morning rain will spread from the northwest across all parts. This afternoon will be dull with some patchy rain and drizzle. Becoming much milder through the afternoon. Maximum temperature 11 °C.Tonight:A cloudy evening and night with a little light rain or drizzle, perhaps some clear periods developing along the east coast. A very mild night everywhere. Minimum temperature 10 °C.
