Updated. IGas is demanding to know when the government will announce its decision on shale gas plans in Cheshire.
Updated 24 April 2020 The investment bank, VSA Capital, has hinted that politics, rather than science, could overturn the moratorium on onshore fracking in England.
The number of shares in the onshore operator, UK Oil & Gas plc, has risen to 7.8 billion, up by more than a quarter since August 2019.
The former head of BP and the fracking firm Cuadrilla has warned that oil prices will remain low for “some considerable time”.
Shares in Angus Energy rose this morning as the company announced it had taken out a £1.4m loan with a property company.
The oil and gas company, Rathlin Energy, has confirmed that it has started work at its second site in East Yorkshire.
Losses in IGas more than doubled in 2019 to more than £50m as the company turned its back on shale exploration in north west England, annual accounts have revealed.
UK onshore oil production fell in 2019 to its lowest point for eight years, official data has revealed.
Images from Rathlin Energy’s new oil and gas exploration site in East Yorkshire suggest that site work is now underway.
The Australian owner of Cuadrilla says it is carrying out a review of the company’s costs following the fracking moratorium.