May 2022 headlines
Keep up to date with May 2022’s news with our digest of daily updated headlines about the business, regulation and campaigns around UK fracking, shale, and onshore oil and gas.
Fracking is “quite disruptive, may need thousands of wells and can take a long time” – government minister
An energy minister has rejected industry suggestions that it can produce fracked gas within 18 months.
Updated: Increased prices and production turn loss to profit for Egdon Resources
The operator of the Wressle oil field in North Lincolnshire reported a 500% increase in oil and gas revenues in its latest interim accounts today.
Updated: Ineos offers UK fracking test site
Ineos has offered to develop a fracking test site in the UK.
Updated: Energy security strategy backs nuclear, offshore wind and North Sea
UK electricity will be 95% low carbon by 2030, with a “major acceleration of homegrown power”, the government announced tonight.
80 fracking wells could supply 3 million homes in a year – IGas
IGas has estimated it could produce fracked gas for three million homes within 12-18 months if the fracking moratorium was lifted.
“New fossil fuel investment is moral and economic madness” – UN sec gen’s final warning
Investing in new fossil fuel infrastructure is moral and economic madness, the UN secretary general said today.
MPs investigate how UK can cut reliance on oil and gas
A group of MPs has launched an inquiry into how the UK can phase out fossil fuel use more quickly.
Oil company “U-turn” on burning waste gas could lose energy for up to 3,500 homes a year, campaigners say
An oil company in Surrey is expected to get permission to dispose of waste gas that could have powered up to 3,500 homes a year, campaigners said today.
UKOG accounts look beyond Weald oil and gas
UK Oil & Gas plc is investigating international oil and gas projects and renewable schemes at home, the company’s annual accounts said today.
DRILL OR DROP? 