Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSSE Share News (SSE)

Share Price Information for SSE (SSE)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 1,824.00
Bid: 1,830.00
Ask: 1,831.00
Change: -16.00 (-0.87%)
Spread: 1.00 (0.055%)
Open: 1,840.50
High: 1,845.50
Low: 1,820.00
Prev. Close: 1,840.00
SSE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Major gas discovery off West Shetlands for Total, Ineos, SSE

Mon, 24th Sep 2018 07:56

(Sharecast News) - The exploration arm of French energy giant Total has unearthed a major gas discovery at its Glendronach site among the West Shetland islands, also giving a boost to UK partners Ineos and SSE, which each own 20%. Preliminary tests of Glendronach, which is located in the Greater Laggan area, west of Shetland, indicate an estimated 1trn cubic feet of gas, equivalent to around 10bn therms, according to Total. The site has good reservoir quality, permeability and well production deliverability, and in water depth of about 300 meters, Total said the discovery can be developed quickly and at low cost with the existing infrastructure around the Edradour field and the Laggan-Tormore facilities of the Shetland Gas Plant, in which Total owns 60% and Ineos and SSE also have 20% stakes.SSE's equity interests in more than 15 gas producing fields across 17 licences around the UK continental shelf, gave it gas reserves estimated at 1.9bn therms on a net proven and probable basis, as of 31 March this year. The Glendronach discovery is in addition to those."Glendronach is a significant discovery for Total which gives us access to additional gas resources in one of our core areas and validates our exploration strategy, said Arnaud Breuillac, Total's president of exploration & production.Martin Pibworth, SSE's wholesale director, added: "This discovery represents a major addition to SSE's recoverable gas resources. Gas production assets are a natural complement to SSE's interests in gas-fired power generation and gas supply to business customers. They are expected to add to SSE's earnings from gas production in due course."
More News
20 Jun 2024 09:47

LONDON BROKER RATINGS: UBS raises Landsec; Berenberg cuts SSP

(Alliance News) - The following London-listed shares received analyst recommendations Thursday morning and on Wednesday:

Read more
17 Jun 2024 15:49

London close: Stocks mixed ahead of key UK inflation data

(Sharecast News) - London stocks ended Monday with a mixed performance as renewed concerns over French political uncertainty weighed on investors' minds.

Read more
14 Jun 2024 12:15

IN BRIEF: SSE General Counsel Tanner sells GBP200,000 in shares

SSE PLC - Perth, Scotland-based electricity transmission and distribution utility - General Counsel Elizabeth Tanner sells 12,000 shares at GBP17.72, worth GBP212,632, on Friday.

Read more
30 May 2024 13:35

Britain's creaking power grid leaves green energy revolution adrift

PORTSMOUTH, England, May 30 (Reuters) - British ferry operator Wightlink wants to order a $60 million, state-of-the-art electric ferry to make its crossings cleaner and greener. But it can't commission the vessel until it gets a power upgrade.

Read more
30 May 2024 13:14

Britain's creaking power grid leaves green energy revolution adrift

PORTSMOUTH, England, May 30 (Reuters) - British ferry operator Wightlink wants to order a $60 million, state-of-the-art electric ferry to make its crossings cleaner and greener. But it can't commission the vessel until it gets a power upgrade.

Read more
28 May 2024 09:36

LONDON BROKER RATINGS: RBC likes M&S; Goldman cuts Fevertree to 'sell'

(Alliance News) - The following London-listed shares received analyst recommendations Tuesday morning and on Monday:

Read more
24 May 2024 09:04

UK household energy bills to fall from July as price cap lowered by 7%

(Alliance News) - The average household energy bill is to fall by 7% from July after Ofgem lowered its price cap in response to wholesale prices.

Read more
22 May 2024 15:00

London close: Stocks in the red as inflation falls less than expected

(Sharecast News) - London stocks ended in negative territory on Wednesday, as market participants reacted to the possibility of a summer general election and disappointing inflation data for April.

Read more
22 May 2024 11:15

TOP NEWS: SSE cuts annual dividend as planned in bid for growth cash

(Alliance News) - SSE PLC on Wednesday reported a big swing to profit in its recent financial year, but it stuck to its plan to cut its annual dividend by more than a third, saying this was in line with its "growth aligned dividend plan".

Read more
22 May 2024 07:21

SSE reports 'strong' full-year earnings performance

(Sharecast News) - SSE reported a "strong performance" in its preliminary results for the year on Wednesday, with earnings per share coming in at the top end of guidance despite profits slipping.

Read more
15 May 2024 16:03

UK earnings, trading statements calendar - next 7 days

Thursday 16 May 
Auction Technology Group PLCHalf Year Results
Bank of Cyprus Holdings PLCQ1 Results
BT Group PLCFull Year Results
Convatec Group PLCTrading Statement
easyJet PLCHalf Year Results
Future PLCHalf Year Results
Grainger PLCHalf Year Results
Helios Towers PLCQ1 Results
Nexus Infrastructure PLCHalf Year Results
Premier Foods PLCFull Year Results
Restore PLCTrading Statement
Sage Group PLCHalf Year Results
Tritax EuroBox PLCHalf Year Results
Tullow Oil PLCTrading Statement
Tyman PLCTrading Statement
United Utilities Group PLCFull Year Results
Vanquis Banking Group PLCTrading Statement
Vistry Group PLCTrading Statement
Friday 17 May 
Land Securities Group PLCFull Year Results
XLMedia PLCFull Year Results
Monday 20 May 
Kainos Group PLCFull Year Results
Likewise Group PLCFull Year Results
Nexxen International LtdQ1 Results
Ryanair Holdings PLCFull Year Results
Union Jack Oil PLCFull Year Results
Tuesday 21 May 
Assura PLCFull Year Results
Atalaya Mining PLCQ1 Results
Avon Protection PLCHalf Year Results
Caledonia Investments PLCFull Year Results
Calnex Solutions PLCFull Year Results
Cranswick PLCFull Year Results
Diaceutics PLCFull Year Results
FD Technologies PLCFull Year Results
Greencore Group PLCHalf Year Results
Ixico PLCHalf Year Results
Kingfisher PLCTrading Statement
Pennon Group PLCFull Year Results
Smiths Group PLCTrading Statement
SSP Group PLCHalf Year Results
Topps Tiles PLCHalf Year Results
Wednesday 22 May 
4imprint Group PLCTrading Statement
British Land Co PLCFull Year Results
Close Brothers Group PLCTrading Statement
Hardide PLCHalf Year Results
HICL Infrastructure PLCFull Year Results
Marks & Spencer Group PLCFull Year Results
Regional REIT LtdTrading Statement
RS Group PLCFull Year Results
Severn Trent PLCFull Year Results
SSE PLCFull Year Results
STS Global Income & Growth Trust PLCFull Year Results
  
Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

Read more
9 May 2024 10:26

Balfour Beatty says trades in line amid "progress" on pacts

(Alliance News) - Balfour Beatty PLC on Thursday said it has traded in line with expectations so far in 2024, as it makes progress on major deals.

Read more
3 May 2024 09:14

LONDON BROKER RATINGS: Jefferies cuts AJ Bell; Deutsche likes ConvaTec

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
18 Apr 2024 08:59

LONDON MARKET OPEN: Europe up as overlooks New York tech sell-off

(Alliance News) - Stock prices in London opened higher on Thursday, with the FTSE 100 supported by some promising corporate updates.

Read more
17 Apr 2024 09:33

LONDON BROKER RATINGS: BofA cuts Ashmore; JPMorgan lifts Fresnillo

(Alliance News) - The following London-listed shares received analyst recommendations Wednesday morning and Tuesday:

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.