Cuadrilla owner refinances debt
Cuadrilla’s Australian owner has refinanced its debt, it announced this morning.
Cuadrilla’s Australian owner has refinanced its debt, it announced this morning.
The UK’s most controversial shale gas site has failed to meet the deadline to plug two fracked wells – putting it in breach of planning consent.
The only company to carry out high volume fracking onshore in the UK has said the prospects for the shale gas industry worsened in the past year.
The former fracking company, Cuadrilla, earned nothing for its Australian owner in the past 12 months but spent Aus$2.4m.
Cuadrilla has relinquished three shale gas licences in Yorkshire, its Australian owner confirmed this morning.
Cuadrilla’s Australian owner has condemned the reinstatement of the moratorium on fracking in England as a betrayal of the shale gas industry.
The Australian owner of the shale gas company, Cuadrilla, spent $1.107m in the UK in 2021 (about £655,000 at current rates), even though its licences were “on hold” because of the fracking moratorium.
Tax relief has pushed the shale gas company, Cuadrilla, into profit, company accounts have revealed.
Spirit Energy, which had planned to withdraw its stake in shale exploration in Lancashire, has changed its mind.
A government department has confirmed it has acted on a threat of legal action from the onshore shale gas industry over the moratorium on fracking.