IGas cuts value of shale assets and opts not to sue government over fracking moratorium
One of the UK’s leading would-be fracking companies appears to be turning away from shale gas.
One of the UK’s leading would-be fracking companies appears to be turning away from shale gas.
IGas plans for a new oil production site near the village of Glentworth in Lincolnshire have been published online.
Anti-fracking groups in Lancashire are calling on the government and regulators to order the permanent plugging and abandonment of wells at Cuadrilla’s Preston New Road shale gas site.
The oil and gas industry regulator has said it would consider postponing the abandonment of Cuadrilla’s fracked wells in Lancashire by up to a year.
Council officials refused a request by IGas to abandon one of its wells in Lincolnshire this weekend because the rig that would have been used breached planning rules.
An official order could block plans by a former fracking company to use gas wells in North Yorkshire to test alternative technologies.
A company that tried to frack in North Yorkshire three years ago says it wants to re-use old gas sites for renewable energy.
A planning application by UK Oil & Gas for an exploration site on the Isle of Wight was published online this afternoon.
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.
Angus Energy announced this morning it had completed a farm-in agreement for the Saltfleetby gasfield in East Lincolnshire.