Beyond petroleum (aka peak oil matters)
Posted: December 21st, 2017, 6:25 pm
... the Shell way .....
https://www.theguardian.com/business/2017/dec/21/shell-to-supply-energy-to-uk-households-after-takeover-of-first-utility
The Anglo-Dutch oil company Shell will soon be selling electricity and gas direct to householders in the UK for the first time after buying one of the county’s biggest energy suppliers, First Utility. The acquisition of the largest supplier outside of the “big six” compounds a year of upheaval in the UK energy market, which is already being transformed by the proposed merger of Npower and SSE and the imposition of price caps. Shell has bought First Utility outright for an undisclosed sum, and will be supplying 825,000 households if the deal completes as expected at the end of February. Industry figures said the price was likely in the region of £200m-£300m. The move is the latest in a buying spree by Shell, which has acquired two electric car infrastructure firms in recent months as it diversifies beyond oil and gas.
and of course the offshore wind bids it is involved in.
regards, dspp
(overweight RDSB fwiw )
https://www.theguardian.com/business/2017/dec/21/shell-to-supply-energy-to-uk-households-after-takeover-of-first-utility
The Anglo-Dutch oil company Shell will soon be selling electricity and gas direct to householders in the UK for the first time after buying one of the county’s biggest energy suppliers, First Utility. The acquisition of the largest supplier outside of the “big six” compounds a year of upheaval in the UK energy market, which is already being transformed by the proposed merger of Npower and SSE and the imposition of price caps. Shell has bought First Utility outright for an undisclosed sum, and will be supplying 825,000 households if the deal completes as expected at the end of February. Industry figures said the price was likely in the region of £200m-£300m. The move is the latest in a buying spree by Shell, which has acquired two electric car infrastructure firms in recent months as it diversifies beyond oil and gas.
and of course the offshore wind bids it is involved in.
regards, dspp
(overweight RDSB fwiw )