Catcher Update by Cairn
in each of the remaining licences as detailed below. As a result of this transaction Cairn will reduce its capital expenditure to the end of 2017 in the Catcher area by approximately $380m (inclusive of the carry payment detailed above) to $200m. Licence P1430 (Catcher) received UK Department of Energy and Climate Change (DECC) approval of its Field Development Plan (FDP) in June 2014. Licences P2040, P2070, P2077 and P2086 are adjacent licences in the Greater Catcher area. Simon Thomson, Chief Executive, Cairn Energy PLC said, “Cairn remains focused on delivering value
Ofgem to Link Offshore Wind to U.K Grid
Scottish Power have all scrapped or scaled back huge offshore wind farm projects, citing environmental issues or the costs involved in developing deepwater sites. Britain has 22 operational offshore wind farms with 3,653 MW of capacity and a further 1.4 GW under construction, according to the U.K.'s Department of Energy and Climate Change (DECC)
February 2025
