Senior figures from Cuadrilla’s backers in Australia and Hong Kong have been appointed to the company’s boards.
A major cut in investment in the shale gas company, Cuadrilla, is likely in the coming months, its owner has predicted.
Lancashire shale gas will take longer to exploit than expected but the potential value remains, Cuadrilla’s chief executive told an Australian business newspaper today.
Centrica is giving up its stake in Cuadrilla’s shale gas licence in the Fylde near Blackpool.
In this guest post, researcher and anti-fracking campaigner Ben Dean argues there should be a change to the law which currently could allow the Chinese to influence shale gas exploration in England.
The owner of the fracking firm Cuadrilla predicted today that England’s moratorium on hydraulic fracturing would be lifted – but not before 2021.
Shareholders in most UK onshore oil and gas companies could be forgiven for looking forward to the end of 2019.
Cuadrilla’s Australian investor has suggested that the shale gas company will be looking at new exploration sites next year.
Cuadrilla’s leading investor, AJ Lucas, has failed to raise its target in a recent share offer.
Cuadrilla saw profits drop by a third in 2018, according to annual accounts published this week.