A government department “worked with” Barclays on the “orderly disposal” of the troubled fracking company, Third Energy, ministerial correspondence has revealed.
The gas production company, Third Energy, formerly owned by Barclays, has been released from a loan of more than £80m, according to its accounts.
The company behind plans to frack in North Yorkshire has told community representatives it is now concentrating on its conventional gas business.
Neil Young has confirmed that his Hyde Park concert in July 2019 will go ahead without sponsorship from Barclaycard in a dispute over investment in fracking.
The company behind fracking plans at Kirby Misperton in North Yorkshire is again overdue with its annual accounts. It has also increased its loan from Barclays by £1.5m.
May 2018 sees the continuing inquiry into INEOS shale gas plans in Harthill and the start of the company’s judicial review against the Scottish Government. Keep up with the news with DrillOrDrop’s digest of headlines about fracking, shale and onshore oil and gas updated daily.
Barclays suggested this morning that it had not sold Third Energy because fracking at the company’s gas site at Kirby Misperton site in North Yorkshire had been delayed by the government.