UK shale gas company Cuadrilla will ask for extra time to drill for shale gas at its Lancashire fracking site after its November deadline. Within the next month the fracking pioneer will ask Lancashire county council for permission to continue its drilling campaign until at least the spring of 2021. The company restarted work at the Preston New Road site only last month in an 11th-hour bid before its licence expires in November.
Guardian 5th Aug 2019 read more »
Times 6th Aug 2019 read more »
Shell is standing by its multi-billion-dollar bet on LNG. There are several reasons why it may be wrong to do so. Europe’s largest oil companies shared a common theme in their latest second-quarter financial reports: Shell, Total and BP all partly blamed tepid gas markets for their lacklustre earnings. Hyped as the fuel of the future, liquefied natural gas (LNG) has become an increasingly tricky commodity for the industry to manage. This could be because of three powerful economic forces now converging and complicating the outlook for the fuel. Firstly, producers continue to invest billions of dollars into building new LNG projects, despite a growing glut of supply. Secondly, climate change is prompting some consumers, perhaps for the first time, to question the fuel’s long-term green credentials.
Telegraph 5th Aug 2019 read more »