Cuadrilla back in the red, value of shale gas assets to be cut
Cuadrilla’s Australian owner is to cut the value of UK shale gas exploration assets, following the reinstatement of the moratorium on fracking in England last year.
Cuadrilla’s Australian owner is to cut the value of UK shale gas exploration assets, following the reinstatement of the moratorium on fracking in England last year.
Government departments paid no compensation to UK shale gas companies over the restoration of the fracking moratorium, even though the industry warned of a multi-million pound court action.
The UK’s most controversial shale gas site has won a two-year reprieve before it must be returned to farmland.
DrillOrDrop’s diary of events in summer 2023 involving the UK onshore oil and gas industry and campaigns about it.
Balcombe residents will be at the High Court in London next month for their legal challenge to the government go-ahead for oil testing in their village.
Cuadrilla should be given an extra two years to return its controversial fracking site near Blackpool to farmland, council planners have said.
Opponents of plans to test an oil well at the West Sussex village of Balcombe have got permission to bring a legal challenge.
The village at the centre of anti-fracking protests 10 years ago is taking on the oil industry again.
Cuadrilla should be refused more time to restore its fracking site in Lancashire, the local Conservative MP has told the county council.
The Australian mining group that owns Cuadrilla has cut the value of its UK shale gas assets by more than $157m following the reinstatement of the moratorium on fracking in England.