IGas blamed the Covid-19 outbreak and a low oil price for falls in production and revenue, along with a rise in debt, in the first half of the year.
Redundant oil and gas wells could be used for geothermal energy, the would-be fracking company, IGas, said in an announcement this morning.
Colin Watson, a leading campaigner against fracking and shale gas developments in Cheshire, has died.
The exploration and production company, IGas, said today it was reviewing its capital spending plans with the increase in the oil price.
You can keep up with the news here with our digest of headlines about UK fracking, shale and onshore oil and gas, updated daily.
IGas declared a pre-tax loss of £59.1m for 2019 in its group annual results published today. This was up from £25.1m in 2018.
IGas has announced redundancies, including the chief finance officer, in a £1m cost-cutting programme.
In this guest post, researcher and anti-fracking campaigner Ben Dean argues there should be a change to the law which currently could allow the Chinese to influence shale gas exploration in England.
The UK energy minister said this evening that fracking was over and the government had “moved on”.
Operators of a third of the UK’s newest onshore shale gas licences have been given more time for exploration.