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Share Price: 1,740.50
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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."
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9 Jan 2024 09:41

SSE notes subsidiary issues GBP500 million 20-year green bond

(Alliance News) - SSE PLC on Tuesday said that its subsidiary SSEN Transmission issued a green bond.

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4 Jan 2024 14:01

UK dividends calendar - next 7 days

Friday 5 January 
British Land Co PLCdividend payment date
Hill & Smith PLCdividend payment date
JD Sports Fashion PLCdividend payment date
JPMorgan Global Growth & Income PLCdividend payment date
Liontrust Asset Management PLCdividend payment date
Lok'n Store Group PLCdividend payment date
Real Estate Credit Investments Ltddividend payment date
RS Group PLCdividend payment date
Tate & Lyle PLCdividend payment date
Monday 8 January 
abrdn Equity Income Trust PLCdividend payment date
Intermediate Capital Group PLCdividend payment date
Tuesday 9 January 
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Wednesday 10 January 
Assura PLCdividend payment date
Bellway PLCdividend payment date
Fidelity Special Values PLCdividend payment date
LXi REIT PLCdividend payment date
Severn Trent PLCdividend payment date
Volex PLCdividend payment date
Vp PLCdividend payment date
Thursday 11 January 
AJ Bell PLCex-dividend payment date
Ashtead Group PLCex-dividend payment date
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CMC Markets PLCdividend payment date
dotdigital Group PLCex-dividend payment date
Ecora Resources PLCex-dividend payment date
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Keystone Positive Change Investment Trust PLCex-dividend payment date
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XPS Pensions Group PLCex-dividend payment date
  
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21 Dec 2023 10:34

IN BRIEF: BHP Group names Catherine Raw as chief development officer

BHP Group Ltd - Melbourne, Australia-based miner - Appoints Catherine Raw as chief development officer, effective April 29. Raw is currently managing director at SSE Thermal, a business unit of SSE PLC, and was previously chief operating officer at Barrick Gold Corp. Raw will replace BHP's current Chief Development Officer Johan van Jaarsveld, as he steps into the chief technical officer role.

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14 Dec 2023 09:29

LONDON BROKER RATINGS: JPMorgan raises Compass and Marston's

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

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11 Dec 2023 15:38

London close: Stocks mixed ahead of central bank meetings

(Sharecast News) - London's stock markets closed with mixed results on Monday as miners faced pressure following disappointing Chinese economic data.

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11 Dec 2023 11:02

Morgan Stanley upbeat for utilities in 2024

(Sharecast News) - Morgan Stanley has reiterated its 'overweight' recommendations for SSE and Severn Trent, on expectations European utilities will outperform in 2024.

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23 Nov 2023 10:11

LONDON BROKER RATINGS: UBS cuts Auto Trader; Bryan Garnier likes Sage

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

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17 Nov 2023 09:55

LONDON BROKER RATINGS: Shore cuts Sage; Barclays raises NatWest

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

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16 Nov 2023 09:40

LONDON BROKER RATINGS: Exane BNP cuts Entain but raises SSE

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

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15 Nov 2023 14:21

London close: Stocks maintain gains on cooler inflation reading

(Sharecast News) - London markets closed positively on Wednesday after a larger-than-anticipated decline in UK inflation sparked optimism about potential interest rate cuts.

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15 Nov 2023 12:08

LONDON MARKET MIDDAY: UK inflation slowdown lifts retail and property

(Alliance News) - Stock prices in London were higher at midday on Wednesday, as investors reacted to a rapid slowdown in the UK annual inflation rate last month, alongside a cooling of US consumer price pressure and favourable data out of China too.

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15 Nov 2023 09:25

TOP NEWS: SSE swings to interim profit on lower costs

(Alliance News) - SSE PLC on Wednesday reported an interim profit as cost of sales dramatically decreased.

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15 Nov 2023 07:44

LONDON BRIEFING: Stocks to rise as investors cheer UK, US inflation

(Alliance News) - Stocks in London are expected to make gains at Wednesday's market open, following a wealth of hopeful economic data.

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15 Nov 2023 07:18

Adjusted first-half earnings top forecasts for SSE

(Sharecast News) - SSE reported first-half adjusted earnings per share of 37p on Wednesday, surpassing pre-close guidance, thanks to improved operational efficiency and a lower anticipated effective tax rate for the full year.

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9 Nov 2023 10:34

Six firms pay GBP11 million in UK for missing smart energy meter aims

(Alliance News) - Six of Britain's biggest gas and electricity suppliers will pay out GBP10.8 million to the energy watchdog after failing to meet the first annual target under a government push to install smart meters across the UK.

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