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Last updated: Thursday, 11 March 2010

Utilities News

Tullow Oil reduces Ugandan assets

Tullow Oil has announced its intention to sell two-thirds of its stake in its Lake Albert Rift Basin in Uganda, while its 2009 results reveal profit before tax down 93%.


The Environment Agency has uncovered almost 26,000 potential hydropower hotspots in England and Wales, which it hopes will help tap into the power potential of British rivers.


Centrica-owned British Gas has reported a record rise in annual operating profit in 2009 for its residential arm to £595 million, a rise of 58% compared to 2008.


Royal Dutch Shell has announced plans to freeze the pay of its top executives until 2011, a move that will be welcomed by its shareholders.


The FSA in the UK has taken a hardline approach in its latest battle to crack down on companies and individuals looking to defraud others.


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