Rathlin gets more time to raise cash for West Newton drilling – annual accounts
The cash-strapped oil and gas company, Rathlin Energy, has won more time to secure funds to meet its drilling commitments.
The cash-strapped oil and gas company, Rathlin Energy, has won more time to secure funds to meet its drilling commitments.
There is “material uncertainty” over the finances of companies in the Cuadrilla oil and gas group, annual accounts have revealed.
The Environment Agency (EA) has extended a public consultation on changes to the operation of an East Yorkshire oil and gas site after pressure from residents.
The only company to frack horizontal shale gas wells onshore in the UK has cut the value of its exploration assets.
Detailed plans for one of the UK’s largest onshore oil production schemes in recent years have been published.
Rathlin Energy is planning up to 90 weeks of 24-hours-a-day drilling at one of its wellsites in East Yorkshire.
The Australian owner of Cuadrilla says it is carrying out a review of the company’s costs following the fracking moratorium.
At least 10 staff have said they have left the shale gas company, Cuadrilla, in the past few months.
Third Energy UK Gas Limited – the company behind fracking plans at Kirby Misperton in North Yorkshire – made a loss of £3.854m in 2015.