Cuadrilla owner refinances debt
Cuadrilla’s Australian owner has refinanced its debt, it announced this morning.
Cuadrilla’s Australian owner has refinanced its debt, it announced this morning.
Council officials have taken action against the operator and owner of a West Sussex dormant oil site over clean-up delays.
Cuadrilla’s Australian owner spent more than £0.75m in six months in the UK in 2023, more than double the amount in the previous year. But the company has no plans for future “substantive expenditure” on UK shale gas.
The Australian owner of the shale gas company, Cuadrilla, spent $1.107m in the UK in 2021 (about £655,000 at current rates), even though its licences were “on hold” because of the fracking moratorium.
Four people who took part in a protest at the Horse Hill oil site in Surrey in June have said their actions have been vindicated after charges were dropped.
A major cut in investment in the shale gas company, Cuadrilla, is likely in the coming months, its owner has predicted.
A legal challenge against the oil and gas industry regulator will be heard at the High Court next month (July 2020).