July 2020 headlines
You can keep up with the news here with our digest of headlines about UK fracking, shale and onshore oil and gas, updated daily.
Losses mount at IGas
IGas declared a pre-tax loss of £59.1m for 2019 in its group annual results published today. This was up from £25.1m in 2018.
IGas fracking site at Ince Marshes in doubt
Plans by IGas to drill and frack for shale gas on Ince Marshes in Cheshire appear to have been shelved.
North west shale write-offs push up losses as IGas focusses on East Midlands
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 counts on production at Saltfleetby and Balcombe
Production at Angus Energy’s Saltfleetby gasfield and oil flow at Balcombe would “mark a turnaround in the group’s fortunes” and bring “material cash flow for the first time”, the company said today.
Third Energy “forgiven” £80m loan before sale, accounts reveal
The gas production company, Third Energy, formerly owned by Barclays, has been released from a loan of more than £80m, according to its accounts.
“UK politics currently too uncertain for fracking” – Third Energy
Third Energy, the company behind plans to frack in North Yorkshire, has announced it now has no immediate shale gas plans.
Dunsfold drilling: Decision delayed again and opponents consider legal challenge as operator declares £6.9m loss
The decision on plans for two oil and gas wells near the Surrey village of Dunsfold have been postponed for the fourth time.
Third Energy to “focus on conventional gas” over fracking
The company behind plans to frack in North Yorkshire has told community representatives it is now concentrating on its conventional gas business.
Cuadrilla profits fall in “relentless and exhilarating year”
Cuadrilla saw profits drop by a third in 2018, according to annual accounts published this week.
DRILL OR DROP? 