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.
Shale gas companies are working with two British universities to investigate whether UK boreholes could be turned into deep science laboratories.
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.
Eric Walton has been photographing the IGas shale gas site at Tinker Lane in north Nottinghamshire since construction work began in spring 2018.
IGas has confirmed that restoration is now underway at its first shale gas site in the East Midlands.
Oil and gas companies have been given more time to carry out work in 10 English licence areas.
Policing at two IGas shale gas sites in Nottinghamshire has cost nearly a million pounds, campaigners have revealed.
IGas has confirmed its first shale gas well at Springs Road in north Nottinghamshire has reached its total depth of 3,500 metres and encountered all three targets.
The UK shale gas industry has upgraded production estimates by more than 70% following early results from two sites.
Egdon Resources’ new well at Biscathorpe, near Louth in Lincolnshire, has failed to encounter the oil formation it was targeting, the company said this afternoon.