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.
Updated 24 April 2020 The investment bank, VSA Capital, has hinted that politics, rather than science, could overturn the moratorium on onshore fracking in England.
Shareholders in most UK onshore oil and gas companies could be forgiven for looking forward to the end of 2019.
2019 saw a Conservative government withdraw its support from fracking and introduce a moratorium on the process.
The company that wants to frack for shale gas near Formby in Lancashire is pressing ahead with its planning application, despite the government’s recent moratorium.
A businessman who lives near Cuadrilla’s shale gas site is preparing to sue the company on behalf of residents who say their homes were damaged in August’s fracking-induced earthquake.
Cuadrilla’s Australian investor has said it continues to give the shale gas company its “full support” in the face of a moratorium on fracking announced two days ago.
Environmental campaigners are calling on the government to extend its moratorium on fracking to less publicised techniques used by the oil and gas industry.
As the government announces a second moratorium on fracking because of earth tremor risks, DrillOrDrop looks back at key events in the past eight years. Please let us know about any important headlines we have missed.
After seven years of promoting fracking, Conservative ministers have withdrawn their support and blocked the prospects of a shale gas industry.