Regulation of the UK onshore shale industry is “lax, fragmented and frequently incompetent”, a new study has concluded.
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.
Angus Energy has said it intends to return to its Balcombe oil exploration site in West Sussex later this year.
The would-be shale gas company, Aurora Energy Resources, has withdrawn its planning application to frack near Formby in Lancashire.
The life of a suspended gas well, described by its operator as dry, was extended today by councillors in Lancashire.
Cuadrilla should be allowed to keep its long-standing Elswick gas production site, Lancashire planners said today, even though there’s been no extraction for more than seven years.
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.