Cuadrilla cuts value of oil and gas assets
The only company to frack horizontal shale gas wells onshore in the UK has cut the value of its exploration assets.
Reaction to oil and gas plans in King’s Speech
The government’s much trailed plan to require annual oil and gas licensing rounds for the North Sea was included in the King’s Speech today.
Wressle oil delivers first Union Jack annual profit
Oil production from the Wressle field in north Lincolnshire helped boost annual revenue by 349% for Union Jack, the company said today.
New pumps predicted to increase Horndean oil by 7 barrels a day
Oil production at the IGas field at Horndean in Hampshire is expected to rise this year following the introduction of new pumps, one of the partners has said.
Older people drive increasing support for fracking – government survey suggests
Opposition to fracking continues to exceed support, according to the annual government survey of public attitudes published today. But support has increased since the last survey a year ago and opposition has fallen.
Cuadrilla’s owner spent $1m+ in UK in 2021 despite operations “on hold”
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.
UK onshore oil production falls for seventh year in 2021
Annual UK onshore oil production has fallen again, continuing a downward trend in 2021 that began in the 1990s.
Study: Emissions from 40 planned fossil fuel projects would be nearly three times as much as the UK emits in a year
New research, published within days of the start of Cop26 climate talks, reveals that 40 oil, gas and coal projects have been submitted for approval in the UK.
Redundancies at IGas in £1m cost cutting
IGas has announced redundancies, including the chief finance officer, in a £1m cost-cutting programme.
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.
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