|
Third Energy Onshore
Third Energy Onshore Ltd is a UK company involved in oil and gas exploration, including proposals for fracking operations in Kirby Misperton, North Yorkshire. The company was incorporated as Viking Petroleum UK Ltd in October 2003. In December 2003, it acquired a 40% holding in the Ryedale gasfields in North Yorkshire from Edinburgh Oil and Gas plc. In October 2013, Viking acquired Tullow Oil's 60% share in onshore oil interests relating to the North Yorkshire gas fields and operation of the gas-fired Knapton Power Station in October 2013 (Knapton is supplied by gas wells in the Kirby Misperton area). Viking changed its name to Third Energy Onshore in October 2013. Third Energy Onshore was 97% owned by Barclays' private equity division, Barclays Natural Resource Investments; its ultimate parent company, Third Energy Holdings, is based in the Cayman Islands. Sister company Third Energy Offshore was acquired from Third Energy Holdings by Hague and London Oil plc in September 2018, wit ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hydraulic Fracturing
Fracking (also known as hydraulic fracturing, hydrofracturing, or hydrofracking) is a well stimulation technique involving the fracturing of bedrock formations by a pressurized liquid. The process involves the high-pressure injection of "fracking fluid" (primarily water, containing sand or other proppants suspended with the aid of thickening agents) into a wellbore to create cracks in the deep-rock formations through which natural gas, petroleum, and brine will flow more freely. When the hydraulic pressure is removed from the well, small grains of hydraulic fracturing proppants (either sand or aluminium oxide) hold the fractures open. Hydraulic fracturing began as an experiment in 1947, and the first commercially successful application followed in 1950. As of 2012, 2.5 million "frac jobs" had been performed worldwide on oil and gas wells, over one million of those within the U.S. Such treatment is generally necessary to achieve adequate flow rates in shale gas, tight gas, tig ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Secretary Of State For Business, Energy And Industrial Strategy
The secretary of state for business, energy and industrial strategy, is a secretary of state in the Government of the United Kingdom, with responsibility for the Department for Business, Energy and Industrial Strategy. The incumbent is a member of the Cabinet of the United Kingdom. The incumbent Business Secretary is Grant Shapps who was appointed by Rishi Sunak on 25 October 2022. Responsibilities Corresponding to what is generally known as a commerce minister in many other countries, the business secretary's remit includes: * Oversight of science, research and innovation in Britain * Relations with domestic and international business * Policy relating to climate change * Policy relating to deregulation * Policy relating to energy security * Oversight of energy policy and industrial policy History During the government of Sir Alec Douglas-Home, the then President of the Board of Trade Edward Heath was given in addition the job of Secretary of State for Industry, Trade a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil And Gas Companies Of The United Kingdom
An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1176, the word ''oil'' comes from Old French ''oile'', from Latin ''oleum'', which in turn comes from the Greek (''elaion'') ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
UK Financial Investments
UK Financial Investments (UKFI) was a limited company set up in November 2008 and mandated by the British government to manage HM Treasury's shareholdings in the Royal Bank of Scotland Group (RBS) and in UK Asset Resolution, which held the residual assets of NRAM plc and Bradford & Bingley. UKFI formerly managed the British government's shares in Lloyds Banking Group, until the government confirmed that all its shares had been sold on 17 May 2017. It also previously owned Northern Rock, until that company was taken over by Virgin Money on 1 January 2012. UKFI ceased trading on 31 March 2018, and its business and assets were transferred to UK Government Investments, a limited company wholly owned by HM Treasury. History In November 2008, UK Financial Investments was established as part of the UK's response to the financial crisis. In 2015 UKFI and the Shareholder Executive became subsidiaries of UK Government Investments and in April 2016 both were merged. RBS On 3 November 20 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HM Treasury
His Majesty's Treasury (HM Treasury), occasionally referred to as the Exchequer, or more informally the Treasury, is a department of His Majesty's Government responsible for developing and executing the government's public finance policy and economic policy. The Treasury maintains the Online System for Central Accounting and Reporting (OSCAR), the replacement for the Combined Online Information System (COINS), which itemises departmental spending under thousands of category headings, and from which the Whole of Government Accounts (WGA) annual financial statements are produced. History The origins of the Treasury of England have been traced by some to an individual known as Henry the Treasurer, a servant to King William the Conqueror. This claim is based on an entry in the Domesday Book showing the individual Henry "the treasurer" as a landowner in Winchester, where the royal treasure was stored. The Treasury of the United Kingdom thus traces its origins to the Treasury of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Jitesh Gadhia, Baron Gadhia
Jitesh Kishorekumar Gadhia, Baron Gadhia is a British investment banker, Conservative Party donor and member of the House of Lords. A member of the Leader's Group of high-value donors, he was described by The Herald as a member of David Cameron's "inner circle". Education and career Gadhia was a pupil at Gayton High Comprehensive School (Harrow) from 1982-1986. Gadhia studied economics at the University of Cambridge and the London Business School, where he was a Sloan Fellow. Gadhia is a senior managing director at The Blackstone Group, a US private equity firm. Prior to this, he worked for Barclays, ABN AMRO, and Barings Bank, which collapsed while he worked there. He also sits on the board of UK Financial Investments. Gadhia was a trustee of Nesta, and has written for The Daily Telegraph. In September 2017, Gadhia was appointed a non-executive director of fracking company Third Energy, though questions were raised about a potential conflict of interest when the company was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Keith Cochrane
Keith Robertson Cochrane (born 11 February 1965) is a Scottish businessman and former chief executive of Weir Group, Stagecoach Group and Carillion plc (interim). In March 2019, he was appointed chief executive of Schenck Process. Early life Born in Edinburgh, Cochrane was educated at Dunblane High School, Perthshire, and studied accountancy at Glasgow University. He qualified as a chartered accountant with Arthur Andersen. Career Cochrane was Group Finance Director of Stagecoach Group plc from 1996, becoming Group Chief Executive in 2000. He then joined ScottishPower plc in 2003 as Director of Group Financial Reporting, and from 2005 was Group Director of Finance. Cochrane became Honorary Treasurer of the Royal Scottish National Orchestra in September 2008. On 2 November 2009 Cochrane became Group Chief Executive of Weir Group plc, having joined Weir as Group Finance Director in July 2006. He resigned as a director of Weir Group on 30 September 2016. Cochrane said that he ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carillion
Carillion plc was a British multinational construction and facilities management services company headquartered in Wolverhampton in the United Kingdom, prior to its liquidation in January 2018. Carillion was created in July 1999, following a demerger from Tarmac. It grew through a series of acquisitions to become the second largest construction company in the United Kingdom, was listed on the London Stock Exchange, and in 2016 had some 43,000 employees (18,257 of them in the United Kingdom). Concerns about Carillion's debt situation were raised in 2015, and after the company experienced financial difficulties in 2017, it went into compulsory liquidation on 15 January 2018, the most drastic procedure in UK insolvency law, with liabilities of almost £7 billion. In the United Kingdom, the insolvency caused project shutdowns and delays in the UK and overseas (PFI projects in Ireland were suspended, while four of Carillion's Canadian businesses sought legal bankruptcy protection) ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Infrastructure And Projects Authority
The Infrastructure and Projects Authority (IPA) is the United Kingdom government's centre of expertise for infrastructure and major projects. The IPA sits at the heart of government, reporting to the Cabinet Office and HM Treasury. The core teams include experts in infrastructure, project delivery and project finance who work with government departments and industry. The IPA supports the successful delivery of all types of infrastructure and major projects; ranging from railways, schools, hospitals and housing, to defence, IT and major transformation programmes. The IPA leads the project delivery and project finance professions across government. The IPA was formed in 2016 by the merger of Infrastructure UK (IUK) and the Major Projects Authority (MPA). The IPA Chief Executive was Tony Meggs until July 2019, when he was replaced by Nick Smallwood. IUK was established in 2010 to support major infrastructure projects involving public sector capital; and the MPA was established i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greg Clark
Gregory David Clark (born 28 August 1967) is a British politician who served as Secretary of State for Levelling Up, Housing and Communities from 7 July 2022 to 6 September 2022. A member of the Conservative Party, he has served as Member of Parliament (MP) for Tunbridge Wells since 2005. He is currently the Chair of the Science and Technology Select Committee. Clark was born in Middlesbrough and studied Economics at Magdalene College, Cambridge, where he was president of Cambridge University Social Democrats. He then gained his PhD from the London School of Economics. Clark worked as a business consultant before becoming the BBC's Controller for Commercial Policy and then Director of Policy for the Conservative Party under Conservative leaders Iain Duncan Smith and Michael Howard from 2001 until his election to parliament in 2005. Clark served in the Cameron-Clegg coalition as Minister of State in the Department for Communities and Local Government from 2010 to 2012, Financia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Judicial Review
Judicial review is a process under which executive, legislative and administrative actions are subject to review by the judiciary. A court with authority for judicial review may invalidate laws, acts and governmental actions that are incompatible with a higher authority: an executive decision may be invalidated for being unlawful or a statute may be invalidated for violating the terms of a constitution. Judicial review is one of the checks and balances in the separation of powers: the power of the judiciary to supervise the legislative and executive branches when the latter exceed their authority. The doctrine varies between jurisdictions, so the procedure and scope of judicial review may differ between and within countries. General principles Judicial review can be understood in the context of two distinct—but parallel—legal systems, civil law and common law, and also by two distinct theories of democracy regarding the manner in which government should be organized w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kirby Misperton
Kirby Misperton is a small village and civil parish in the Ryedale district of North Yorkshire, England and has a population of around 370. Geography It is about south from Pickering by road and about north from Malton, just west of the A169 road. Adjacent to the village lies one of the most popular amusement parks in England, Flamingo Land Theme Park and Zoo. A gas field nearby, discovered in 1985, pipes gas to the Knapton Generating Station. The fields were bought by Kelt UK Ltd (owned by Kelt Energy plc and Edinburgh Oil & Gas plc) from Candecca Resources Ltd (owned by BP) in 1992. History The place-name 'Kirby Misperton' conflates the names of two adjoining places. Kirby is first attested in the Domesday Book of 1086, where it appears as ''Chirchebi''. This means 'church village' in Old Norse. Misperton is also first attested in the Domesday Book, where it appears as ''Mispeton''. This may mean 'foggy hill' or 'dung hill', possibly from ''mistbeorg'' in Old English ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.jpg "Click for more on -> Judicial Review")
