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It’s all over for the Havant oil rush... for now

Northern Petroleum has abandoned the search for oil in Havant

Northern Petroleum has abandoned the search for oil in Havant

Published in the Portsmouth News on the 12th April 2014


THE bubble appears to have burst on an ‘oil boom’ in the Havant area – for now.

Northern Petroleum has announced it is ditching its licence on a two-acre field off Hulbert Road, close to the Asda store.

Five years ago the company was given planning permission to build a testing rig and promptly cleared the area and built an access road in the hope of finding millions of pounds worth of oil.

But, despite applying to renew the planning permission two years ago, drilling never began and the London-based company has now said it wants to concentrate on oil exploration overseas.

The firm also built a testing rig at Markwells Wood, near Rowlands Castle, and struck large quantities of crude oil in 2011.

But the company has now downgraded the prospect at Markwells from ‘proven and probable’ to ‘contingent resources’.

Regarding Markwells Wood, a statement added: ‘The company believes that further appraisal needs to be undertaken to produce a viable development plan which would lead to commercial production.’

Meanwhile, the company has put its stake in the long-running extraction site at Horndean on the market.

But the oil field, in production since 1988, is majority-owned by IGas Energy and a spokeswoman for the firm said there were no plans to close this site.

Continue reading It’s all over for the Havant oil rush… for now

Britain one of the lowest producers of renewable energy in the EU

Wind Turbine

Published on The Independent website on 27th March 2014

 

A report shows that the UK outperforms only Malta and Luxembourg

Britain is the third lowest producer of renewable energy in the EU, and is far below its sustainable energy targets for 2020, a recent study has shown.

The report, published by the European Commission’s statistical body ‘Eurostat’, indicates that the UK generates the third least renewable energy within EU28 – the block of 28 European states committed to hitting green energy targets by 2020.

Britain is lagging far behind other EU countries with just 4.2 per cent of its energy derived from green sources, according to Eurostat, only Luxembourg (3.1 per cent) and Malta (1.4 per cent) are performing worse.

The survey investigates the use of renewable energy as a share of total energy consumption between 2004 – when the goals were proposed – and 2012 – the first year for which data has been available.

Continue reading Britain one of the lowest producers of renewable energy in the EU

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