Cuadrilla owner raises new funds for UK fracking
The Australian owner of shale gas company Cuadrilla has raised $19.7m (£11.79m) in a share placing.
The Australian owner of shale gas company Cuadrilla has raised $19.7m (£11.79m) in a share placing.
Opponents of oil production in East Yorkshire are to make a last-minute bid to hold up this morning’s decision to approve.
The weald-based drilling company, UK Oil & Gas, is seeking support for a share issue to fund new drilling in Turkey.
Egdon Resources has got the go-ahead for 15 years of oil production at its Wressle site near Scunthorpe.
UK Oil & Gas, the company behind the Horse Hill oil site in Surrey, has issued a total of 348 million shares in the past week.
Paul Mobbs, of Mobbs’ Environmental Investigations and Research, reflects on a decade of inquiry into fracking for the first in an occasional series of long reads for the weekend.