Reporting on the unconventional oil and gas industry and its use of hydraulic fracturing
Emissions from oil produced at two proposed new wells at a site near Scunthorpe would contribute to climate change, officials have said. But they ruled the likely impact wasn’t enough to require a detailed environmental study to support a planning application.
Gross profits at Union Jack Oil fell 40% in 2024, compared with the year before, annual acounts revealed today.
Cuadrilla’s Australian owner has refinanced its debt, it announced this morning.
Alba Mineral Resources has cut by 94% the value of its stake in Horse Hill – the Surrey oil site at the centre of last year’s landmark Supreme Court judgement.
The Australian mining group, on which Cuadrilla relies for funding, has been given just over a week to refinance multi-million dollar debts.
Wells at two key sites in the UK’s failed shale gas revolution have been abandoned.
The industry regulator gave Cuadrilla more time to plug and abandon its shale gas wells at Preston New Road in Lancashire, DrillOrDrop has discovered.
The onshore oil company at the centre of a landmark Supreme Court judgement has announced trading would be suspended because its annual accounts would not be published on time.
The UK’s biggest onshore gas producer has reported an annual loss of more than £4m, down more than 100% on the profit in the year before.
Plans to drill for gas and carry out small-scale fracturing near a North Yorkshire village have been published, eight months after they were first announced.
DRILL OR DROP? 