Cuadrilla paid £12.5m in dispute settlement
The fracking firm, Cuadrilla Resources Limited, has received a cash sum of £12.5m after resolving a commercial dispute.
The fracking firm, Cuadrilla Resources Limited, has received a cash sum of £12.5m after resolving a commercial dispute.
The only company to frack horizontal shale gas wells onshore in the UK has cut the value of its exploration assets.
Cuadrilla’s Australian owner spent more than £0.75m in six months in the UK in 2023, more than double the amount in the previous year. But the company has no plans for future “substantive expenditure” on UK shale gas.
Cuadrilla’s Australian owner is to cut the value of UK shale gas exploration assets, following the reinstatement of the moratorium on fracking in England last year.
The Australian mining group that owns Cuadrilla has cut the value of its UK shale gas assets by more than $157m following the reinstatement of the moratorium on fracking in England.
The Australian owner of shale gas company Cuadrilla has raised $19.7m (£11.79m) in a share placing.
Opponents of fracking in Lancashire have welcomed Cuadrilla’s announcement that it is to plug and abandon shale gas wells near Blackpool.
The Australian owner of Cuadrilla says it is carrying out a review of the company’s costs following the fracking moratorium.
A government agency has been accused of acting unlawfully in the way it dealt with the change of ownership of the fracking firm, Cuadrilla.
An Australian mining group has almost doubled its stake in the UK shale gas company, Cuadrilla Resources.