The shale gas company, IGas, said today it could drill 80 wells by this time next year, with the “right government support”.
Union Jack Oil has revealed plans for two new wells next year, as it reported its first profit.
Disruption by climate campaigners today forced Shell to pause its first AGM since moving headquarters to London.
The operator of the Wressle oil field in North Lincolnshire reported a 500% increase in oil and gas revenues in its latest interim accounts today.
More than three-quarters of people want a windfall tax on fossil fuel companies, according to a national survey published today.
IGas has confirmed it has relinquished the Tinker Lane shale gas licence in Nottinghamshire and written off £10m in exploration costs. But the company said it was continuing to work with regulators and government to end the moratorium on fracking in England.
The Australian mining company that owns Cuadrilla is back in profit, partly thanks to benefits from the UK tax system.
In this guest post, Chris Hesketh makes the case for a post-Covid-19 recovery without fracking or unconventional gas extraction.
Losses in IGas more than doubled in 2019 to more than £50m as the company turned its back on shale exploration in north west England, annual accounts have revealed.
Egdon Resources has said it is cutting costs because low oil prices following the coronavirus outbreak have hit profitability in its fields.