The company behind plans for lower-volume fracking in Burniston, North Yorkshire, warned today it could go out of business if shareholders did not approve a £3.5m fundraising later this month.
Cuadrilla has announced two of its subsidiaries are to cease trading.
A committee of MPs is launching a new inquiry on the future of the UK’s oil and gas industry.
The authority which unlawfully granted planning permission for oil production at Horse Hill is continuing to “review the matter”, a spokesperson said this morning.
Falling production at the Horse Hill well in Surrey cut revenue for UK Oil & Gas plc last year.
Campaigners have called for a “blanket ban” on new oil and gas developments in new planning rules proposed for Hampshire.
Keep up to date with February 2024’s news with our digest of daily updated headlines about the business, regulation and campaigns around UK fracking, shale, and onshore oil and gas.
Cuadrilla’s plan to decommission its fracked wells in Lancashire is already behind schedule.
UK Oil & Gas has announced it has secured a £3m loan to fund operations over the next 12 months.
Views are invited on plans for commercial oil and gas production and new drilling at Rathlin Energy’s remote well site at West Newton-A in East Yorkshire.
DRILL OR DROP? 