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Vol. XI Issue IV - April 2009
Project Management eJournal
REGIONAL REPORT:
UK Project Management Round Up
By Miles Shepherd
International Correspondent for
PMForum
& PM World Today
Salisbury, UK
Energy Projects Blown Away
UK energy policy is under further pressure as a major investor in wind power slashed its investment programme. This comes shortly after after ministers backed a string of huge gas-fired power stations, prompting concern that the Government cannot fulfill its promise of a green energy revolution.
According to press reports, Shell and BP have shelved or pulled out of renewable energy projects, including a £3 billion project for 341 turbines in the Thames Estuary, claiming that Government policies prevent any possibility of making a profit on their alternative energy projects. In Shell press release, chief executive Jeroen van der Veer, said that Shell, the world's second-largest non-state-controlled oil company, was planning to drop all new investment in wind, solar and hydrogen energy.
“I don't expect them to grow much at Shell from here, due to portfolio fit and the returns outlook compared to other opportunities,” he said, speaking at the Anglo-Dutch group's annual strategy briefing.
Read Complete Regional Report >>
Miles Shepherd
Miles Shepherd is a global advisor and International Correspondent for PMForum in the United Kingdom. He is also managing director for MS Projects Ltd, a consulting company supporting various UK Government agencies, nuclear industry organisations and other businesses. Miles has over 30 years’ experience on a variety of projects in UK, Eastern Europe and Russia. His PM experience includes defence, major IT projects, decommissioning of nuclear reactors, nuclear security, rail and business projects for the UK Government and EU. Past Chair and Fellow of the Association for Project Management (APM), Miles is also past president and chair of the International Project Management Association (IPMA). He was recently named Chair of the ISO committee that is developing the new ISO 21500 Guidelines for Project Management. He was also involved in leading APM’s recently published guidelines for project management oversight and governance. Additional information about Mr. Shepherd can be found at http://www.pmforum.org/ambassadors/ambassadors.htm#Shepherd Miles Shepherd is based near London and can be reached at miles.shepherd@msp-ltd.co.uk. |
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