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.
The only company to frack horizontal shale gas wells onshore in the UK has cut the value of its exploration assets.
A local campaign group is celebrating the formal end to shale gas operations near an important nature reserve in the Nottinghamshire village of Misson.
Cuadrilla’s Australian owner spent more than £0.75m in six months in the UK in 2023, more than double the amount in the previous year. But the company has no plans for future “substantive expenditure” on UK shale gas.
A shale gas well in Nottinghamshire that has been mothballed for more than four years has been decommissioned, officials have confirmed.
Cuadrilla’s plan to decommission its fracked wells in Lancashire is already behind schedule.
DrillOrDrop’s checklist of what to look out for in 2024 on UK onshore oil and gas. You can also catch up with the headlines from 2023 in our review of the year.
UK onshore oil and gas production fell for the second consecutive month in September 2023, with more drops in extraction from leading fields at Wytch Farm, Wressle and Saltfleetby.
Villagers are seeking to overturn a judge’s ruling which gave the go-ahead to a well test at the Balcombe oil site in West Sussex.
Onshore oil and gas production fell in August 2023, with a drop in extraction at the leading sites at Wytch Farm, Wressle and Saltfleetby.
The former fracking company, Cuadrilla, earned nothing for its Australian owner in the past 12 months but spent Aus$2.4m.