Angus Energy has announced initial flow rates of 40 barrels of oil per day at its horizontal production well at Lidsey in West Sussex. Five months ago, Angus predicted a sustained 400 barrels a day at Lidsey (interview with IG Analysis).
The chief executive of shale gas company, Cuadrilla, gave evidence last week to peers on his company’s operations, financing and plans for the future.
IGas investors were watching share price movements this morning after news that the company would not breach its daily liquidity obligations this year.
The last excavator was moved off Rathlin Energy’s Crawberry Hill drilling site in East Yorkshire this afternoon. All the cabins have now gone and a small tarmac access to the field is all that remains of the site, where a well was sunk in 2013.
The short answer is not many companies sank wells anywhere onshore in 2015. The number of oil and gas wells drilled in the UK in 2015 was the lowest for almost 40 years.
In this Fracking Week in Westminster In a debate on The Energy Bill, MPs discussed: Methane emissions and meeting carbon targets Local decisions on fracking planning applications The Scottish moratorium Falling oil prices and the viability of shale gas Also: the impact of fracking on the steel industry, […]
Rathlin Energy has announced it is abandoning its exploratory well at Crawberry Hill in the East Riding of Yorkshire. Campaigners against Rathlin’s work say they will gather at the site near Beverley today in celebration.
Two contrasting speeches from yesterday’s House of Lords debate on fracking which focus on the financial benefits and threats of shale gas.
4/2/14 The economic affairs committee of the House of Lords could be forgiven for being more confused after hearing from the Chancellor, George Osborne, this afternoon (4/2/14) than they were before he arrived. The committee has been investigating the likely impact of a shale gas industry on the […]
When the energy company SSE put prices up last week by an average of 8.2%, it blamed, among other things, government-imposed green levies collected through gas and electricity bills. Three days later, the company told the FT that government green energy policies would put up bills by £26 […]
DRILL OR DROP? 