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.
Lee Rowley, who opposed shale gas exploration in his Derbyshire constituency, has been become a junior minister at the Department of Business, Energy and Industrial Strategy (BEIS). He was appointed in the reshuffle, along with Greg Hands, the new energy and climate change minister.
The would-be fracking company, IGas, has announced an agreement with CeraPhi Energy to develop geothermal energy projects using existing oil and gas wells.
Initial plans by an oil company for a major expansion in East Yorkshire will not be disclosed to the public – even though they have apparently been seen by more than 20 officials and organisations.
Michael Gove has replaced Robert Jenrick as secretary of state for housing, communities and local government.
A new report published today shows that the UK has increased its oil and gas production since declaring a climate emergency in 2019.
Proposals for long-term oil production and six new wells at a Rathlin Energy site in East Yorkshire are due to be decided at the end of this month, it was announced today.
Union Jack Oil reported today it had made about US$300,000 (£217,000) from test production at the Wressle well in North Lincolnshire.
DRILL OR DROP? 