“Uncertainty” over Cuadrilla’s finances
There is “material uncertainty” over the finances of companies in the Cuadrilla oil and gas group, annual accounts have revealed.
There is “material uncertainty” over the finances of companies in the Cuadrilla oil and gas group, annual accounts have revealed.
The only company to carry out high volume fracking onshore in the UK has said the prospects for the shale gas industry worsened in the past year.
Rathlin Energy, the operator of two oil and gas sites in East Yorkshire, has declared an annual loss in 2020 of £1,015,920. This was slightly smaller than the previous year.
Councillors in Nottinghamshire resume discussions in the morning (15/11/2016) on an IGas plan to drill two shale gas wells at Misson in Bassetlaw.
IGas shares closed down more than 9% on the day after the company’s bondholders disagreed in votes over proposals to relax liquidity obligations.
Environmental campaigners in West Sussex are calling for changes to a draft policy for future oil and gas development because they say it fails to include measures to tackle climate change.