Reporting on the unconventional oil and gas industry and its use of hydraulic fracturing
IGas has confirmed it has relinquished the Tinker Lane shale gas licence in Nottinghamshire and written off £10m in exploration costs. But the company said it was continuing to work with regulators and government to end the moratorium on fracking in England.
The operator of the Wressle oil well in North Lincolnshire said initial production exceeded 884 barrels of oil per day (bopd).
Shares in IGas rose more than a third this morning on an announcement that the company had signed a memorandum of understanding with SSE Heath Networks on the development of a geothermal district heating project in Stoke-on-Trent.
The would-be fracking company, IGas, has announced an agreement with CeraPhi Energy to develop geothermal energy projects using existing oil and gas wells.
Union Jack Oil reported today it had made about US$300,000 (£217,000) from test production at the Wressle well in North Lincolnshire.
The operator of the Horse Hill oil site in Surrey lost nearly £18m in the year to September 2020 –a more than 15-fold increase on the year before.
The Environment Agency is seeking comments on plans by Angus Energy to process gas at its Saltfleetby field in Lincolnshire.
UK onshore oil production on all measures rose in May 2021 compared with previous months but it failed to return to the level of the start of the year.
Suspected damage to the target formation at Rathlin Energy’s West Newton-B site in East Yorkshire is limiting hydrocarbon flow, two of the partners said this morning.
Two years after the UK’s strongest fracking-induced earthquake, there’s no agreement on how to manage shale gas risks, an exploration company said today.
DRILL OR DROP? 