The regulator of the oil and gas industry has no power to secure decommissioning of onshore sites, the High Court heard today.
There was a real risk that Third Energy might not be able to decommission its gas wells in North Yorkshire under new owners, the High Court was told today.
Centrica is giving up its stake in Cuadrilla’s shale gas licence in the Fylde near Blackpool.
Angus Energy has outlined plans for the Saltfleetby gas site in Lincolnshire after approval of its acquisition of a 51% stake.
Angus Energy has raised a £1.5m loan facility to pay for the costs of decommissioning oil and gas wells.
Legal papers were submitted this morning in a challenge against the shale gas regulator about who should pay for decommissioning sites.
The government has no clear idea on how much it has spent supporting fracking, what the benefits would be and how much investment would be needed in future, the UK’s spending watchdog has revealed.
A campaigner from North Yorkshire is seeking to raise £10,000 to take the oil and gas regulator to court over who pays for decommissioning.
The potential cost to the public of decommissioning fracking sites is to be investigated by the government’s spending watchdog.
Investors and anti-drilling campaigners have criticised proposals by Angus Energy to use money intended for decommissioning to connect a shut-in gas field to the grid.