Four-year financial health warning for IGas, study reveals
A company awarded 11 licences for oil and gas exploration by the government last year has been on a financial health warning list for four years, according to analysis published yesterday.
INEOS interview: Company spotlight turns to English shale gas areas
The Swiss-based chemicals company, INEOS, looks unlikely to commit to shale gas surveying in Scotland until it knows whether the country’s moratorium on fracking will be lifted. A senior executive told DrillOrDrop he expects the company’s shale business will concentrate next on Cheshire and other areas of England, […]
Ryedale MP to sit down with fracking companies
The Thirsk and Malton MP, Kevin Hollinrake, is to meet shale gas companies next month to get an idea of what fracking might look like in northern England.
What to watch in 2016
DrillOrDrop’s round-up of the oil and gas sites that may see action in the next year.
New interactive maps and information on oil and gas licences
DrillOrDrop published this new interactive map today showing which companies have got the new licences for fracking and conventional oil and gas exploration across England. The map shows the dominance of INEOS (orange) in North Yorkshire, the east Midlands and Cheshire, Cuadrilla (light green) in North Yorkshire and […]
Triumphant week for UK fracking but plenty of ‘buts’ remain
Supporters of the fracking in the UK should be celebrating this weekend after three wins in as many days.
New oil and gas licences: What the industry said
“Talking to communities is first priority” Cuadrilla Awarded eight licences cover 18 blocks, including a large area in the Cleveland Basin. Francis Egan, its chief executive, said in a statement: “The award of these licences gives Cuadrilla a leading position in each of the three most prospective shale […]
Breaking: INEOS oil and gas licences now cover 1 million acres
INEOS is the big winner in today’s oil and gas licence announcement. The company has been granted 21 licences covering 37 blocks. The company now has exclusive rights to exploit oil and gas from 700,000 acres, to add to its existing licence area covering 300,000 acres. The INEOS […]
Breaking: New oil and gas licences confirmed
The Oil and Gas Authority has formally licences covering 159 10km square blocks announced in August. 27 licences in the first tranche of the 14th licensing round and 132 in the second tranche have been offered to 47 companies. 57 licences have no conditions over activities in the […]
IGas declares £19.3m loss but looks for more fracking sites
IGas declared a loss of £19.3m for the six months to the end of September, according to results published today. The figure compares with a loss of £3.8m for the same period a year ago.
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