Government orders review of fracking science
The business secretary, Kwasi Kwarteng, has ordered a scientific review of the impact of fracking.
IGas blames Covid-19 for 2021 production levels
IGas shares dropped nearly 18% today following news of the impact of Covid-19 on production.
IGas writes off £10m from shale gas exploration but still seeks end to fracking moratorium
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.
IGas signs agreement for geothermal projects
The would-be fracking company, IGas, has announced an agreement with CeraPhi Energy to develop geothermal energy projects using existing oil and gas wells.
IGas 2020 accounts reveal cost of Covid-19
IGas saw revenue drop by nearly half last year following production cuts and a falling oil price during the Covid-19 pandemic.
IGas “excited about green energy revolution”
The oil and gas producer, IGas, has said it is looking forward to making a “material contribution” to the green energy revolution.
IGas reveals impact of Covid-19
IGas blamed the Covid-19 outbreak and a low oil price for falls in production and revenue, along with a rise in debt, in the first half of the year.
IGas acquires geothermal firm
Redundant oil and gas wells could be used for geothermal energy, the would-be fracking company, IGas, said in an announcement this morning.
Losses mount at IGas
IGas declared a pre-tax loss of £59.1m for 2019 in its group annual results published today. This was up from £25.1m in 2018.
Redundancies at IGas in £1m cost cutting
IGas has announced redundancies, including the chief finance officer, in a £1m cost-cutting programme.
DRILL OR DROP? 