Cuadrilla announced it will reduce its gas exploration operations in the UK next year by 90% while it waits for the Government to decide the future of hydraulic fracturing or fracking. The company will however retain its technical data-base, corporate knowledge and access to technical and operational capability. Chief executive Francis Egan said Cuadrilla would […]
Tag: hydraulic fracturing
Cuadrilla views fracking as still an option in the UK
The future of hydraulic fracturing – fracking – for gas exploration in the UK remains open, said Australian engineering firm AJ Lucas (Lucas). MORATORIUM As of February 2020, Lucas owned 97% of shares in British oil and gas exploration company Cuadrilla Resources operating in Lancashire. In 2019, the Government imposed a moratorium following a report […]