Lancashire shale gas will take longer to exploit than expected but the potential value remains, Cuadrilla’s chief executive told an Australian business newspaper today.
More than a third of damage reports following the UK’s strongest fracking-induced earthquake in Lancashire last year were from one town, according to data released this week.
The shale gas company, Cuadrilla Resources, is looking at conventional oil and gas opportunities in the UK after predicting no fracking this year.
An oil formation in Lincolnshire, missed by a well drilled last year, could be reached by a new sidetrack, a group of companies said today.
IGas should not be allowed to dispose of radioactive wastewater in a well at its Singleton oil site in the South Downs, campaigners have argued.
An Australian mining group has almost doubled its stake in the UK shale gas company, Cuadrilla Resources.
Environmental campaigners are calling on the government to extend its moratorium on fracking to less publicised techniques used by the oil and gas industry.
The Conservative-led council in the area of Cuadrilla’s shale gas site has called on regulators to ban local fracking immediately on safety grounds.
The business minister, Kwasi Kwarteng, has confirmed that Cuadrilla will not be allowed to resume fracking at its Preston New Road site near Blackpool until last month’s record-breaking tremor has been investigated.
People living around Cuadrilla’s shale gas site reported shaking buildings and windows last night from a 2.1ML tremor.