Rathlin gets more time to raise cash for West Newton drilling – annual accounts
The cash-strapped oil and gas company, Rathlin Energy, has won more time to secure funds to meet its drilling commitments.
Updated: UKOG funding resolutions passed
Investors in UK Oil & Gas plc have approved two resolutions aimed at raising money for the company’s hydrogen storage and production plans.
Cuadrilla paid £12.5m in dispute settlement
The fracking firm, Cuadrilla Resources Limited, has received a cash sum of £12.5m after resolving a commercial dispute.
Council “taking steps” to secure frack site restoration
A council says it is taking action to ensure the restoration of Cuadrilla’s former fracking site near Blackpool after the company missed another planning deadline.
Waste fluid can be trucked to Surrey oil site for disposal
Waste fluid from oil wells across southern England can be tankered to a village in the Surrey green belt, where it will be pumped underground, councillors decided this morning.
Steep fall in oil and gas use needed to cut emissions, says climate advisor
The UK must swap oil and gas for clean electricity to meet its next set of carbon reduction targets, the government’s climate advisor said today.
Funding shortfall casts doubt over Rathlin Energy’s future
Rathlin Energy does not have enough money to meet its drilling and abandonment commitments in East Yorkshire, according to annual accounts published today.
Government seeks to fast-track planning decisions and increase acceptance of pylons
Councils will be able to recover the full cost of major planning applications, if they meet deadlines, the chancellor’s autumn statement revealed today.
Fracking industry warns “great economic, environmental and geopolitical cost” from renewed moratorium
The shale gas lobbying organisation has accused the government of dealing in “ideology and fiction” by reinstating the moratorium on fracking.
Calls for tougher windfall tax as BP announces tripling of profits
Climate campaigners have called for higher taxes on oil and gas companies after BP announced a tripling of profits this morning.
DRILL OR DROP? 