IGas plc said it welcomed the Government’s call for a scientific review of shale gas extraction by the British Geological Survey. OPPORTUNITY The department for business, energy and industrial strategy (BEIS) today announced it had commissioned a scientific review, with a report expected by the end of June 2022. IGas chief executive Stephen Bowler said […]
Tag: shale gas
Egdon losses rise, revenues halve and gas survey is delayed
Egdon Resources plc reported revenues more than halved and losses widened in its results published today for the year ended 31 July 2020. The company also announced that the 3D seismic survey over its offshore gas discoveries has been deferred until February 2022 following a revised environmental impact assessment. In its financial report, gross oil […]
IGas aims to extend licence for ‘world class’ shale gas
Island Gas Ltd (IGas) has applied to extend by three years the life of its proposed development of shale gas in the village of Misson, North Nottinghamshire. The company said it wanted the extension to allow the Government to consider fully the future of hydraulic fracturing, or fracking, following the moratorium introduced on 4 November […]
Cuadrilla to cut UK fracking investment by 90%
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 […]