Questions over local benefit from Cuadrilla’s fracking fund
As ministers consider how to compensate people living near shale gas sites, a DrillOrDrop analysis of the UK’s only fracking community benefit fund raises questions about its value.
Cuadrilla’s owner spent $1m+ in UK in 2021 despite operations “on hold”
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.
Mass support for windfall tax on oil and gas companies
More than three-quarters of people want a windfall tax on fossil fuel companies, according to a national survey published today.
Union Jack Oil adds to stake in Lincolnshire oil exploration
Union Jack Oil announced this morning it had increased its interest in the Biscathorpe oil site in Lincolnshire.
UKOG announces plan to boost production from “Gatwick Gusher”
UK Oil & Gas said today it would reperforate the Portland section of its first well at the Horse Hill oil site in Surrey.
Operation to find water source in Horse Hill well delayed to next month
No equipment to identify the source of formation water in the new well at Horse Hill was available in the UK or Europe until next month, the main investor in the Surrey site said today.
UKOG issues 1/3 billion new shares
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.
Updated: Cuadrilla to pay “few hundred pounds” for homes said to be damaged by fracking tremor
Cuadrilla has said it will make small goodwill payments to people living near its Lancashire shale gas site who said their homes were damaged by the UK’s largest fracking-induced tremor in August.
Cuadrilla sent office staff to check property damage from UK’s biggest fracking earth tremor
Initial assessments of damage caused by the UK’s largest fracking-induced earth tremor were made by staff from the Cuadrilla’s headquarters, not professional surveyors or insurance experts.
Centrica payment puts Cuadrilla in profit
The shale gas company, Cuadrilla, has recorded an annual profit for the first time following a multi-million dollar payment from partner, Centrica.
DRILL OR DROP? 