No new money: KNOC
KNOC has confirmed it will not put any more money on the table to try and complete its hostile £1.67 Bn (US $2.57 Bn) takeover of Dana Petroleum.
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Troll saves UK bacon
Published 08.01.2010 10:38:16 by John Bradbury
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Energy sector commentator Evolution Securities in London has suggested Norway's Troll gas field has saved the UK again while the country is gripped by cold weather and a surge in gas demand. Evolution noted that National Grid's second gas supply alert within three days this week could not have come at a worse time as output from Statoil's Troll gas field – which can supply up to 10% of UK gas demand – went down yesterday as the alert was issued.
“Fortunately for the UK the downtime was limited to just a few hours meaning that we didn’t have to forgo our bacon sandwiches” the commentator noted.
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