Founder Favourites: Richard Farleigh on what playing chess, investing and starting a business have in common
Relief for frackers as industry avoids ban: Moratorium defeated but shale gas sector to face more regulation January 26, 2015 The UK's fracking sector breathed a sigh of relief last night, after an attempt to suspend its progress was voted down in parliament. A moratorium, which would have blocked fracking activity for up to two-and-a-half years, was defeated by 308 votes to 52 after Labour failed to back the move. Ed Miliband’s party put [...]
IGas share price plunges over fears of fracking ban January 26, 2015 The threat of a moratorium on fracking, which was debated in parliament yesterday, pushed shares in UK-based oil and gas explorer IGas Energy down by 28 per cent amid fears that the UK’s shale gas industry was about to be put on hold once again. After the market closed, MPs voted against the moratorium – meaning [...]
Misguided anti-fracking campaigners jeopardise our economy and climate January 26, 2015 If I told you I had a technology that could create tens of thousands of jobs, many in parts of the North of England with relatively high unemployment, support domestic manufacturing, and help us reduce carbon emissions, I imagine I would have your attention. If I added that the technology has already been in large-scale [...]
Liberal Democrat MP Tessa Munt preparing to resign from government job over fracking January 26, 2015 A junior member of the coalition is preparing to resign from the government, if fracking proposals go ahead unchanged this evening. Lib Dem MP Tessa Munt is a parliamentary private secretary to business secretary Vince Cable. The unpaid role is the first rung on the ministerial ladder and bound by the principle of collective [...]
Crunch day for frackers: UK shale gas industry in the hands of parliament January 26, 2015 The future of UK fracking will be subject to the scrutiny of parliament today, as part of the debate on a wider infrastructure bill. The government wants to make it easier for companies to drill without permission from those who own the land or property, yet Labour is proposing a set of amendments to the [...]
Cuadrilla hit by planning issues over Lancashire frack sites January 21, 2015 The UK’s burgeoning shale gas industry was dealt another blow yesterday after it was revealed that Lancashire County Council’s planning officers have recommended that Cuadrilla’s applications to develop sites in the region be refused. The natural resources exploration and production company has applied to drill, hydraulically fracture, or frack, and test the flow of gas [...]
Oil price will rise in 2015 and there will be no UK shale gas revolution, says Cebr Energy December 31, 2014 This year has been a roller coaster for the world of energy. The American shale gas revolution led to falling prices and reshoring of industry while the price oil has plunged below $60 per barrel. The fall in the price of oil has been cheered by industry and consumers while countries such as Russia and [...]
Barclays-backed firm Third Energy plans to start fracking in North Yorkshire November 25, 2014 Gas company Third Energy has applied for planning permission to begin fracking in North Yorkshire. The firm, a startup backed by Barclays, first drilled the KM8 well at its Kirby Misperton in 2013. Chief executive Rasik Valand said: “Our analysis indicates that there could be a significant new gas reservoir in our North Yorkshire licence [...]
Ineos boosts UK shale with $1bn investment vow November 20, 2014 SHALE gas could rejuvenate the UK’s manufacturing industry, Ineos boss Jim Ratcliffe told a press conference yesterday. The chemicals firm chairman made the comments after revealing that his firm planned to invest $1bn (£637m) in UK shale gas exploration and appraisal, with “substantial further investment” to follow if the company moved into development and production. [...]
For frack’s sake: Jim Ratcliffe’s Ineos wants to invest $1bn in UK shale gas November 20, 2014 Jim Ratcliffe's Ineos has announced plans to spend $1bn (£639m) in shale gas exploration and production in the UK. The company has spent the past few months bidding for licenses to explore sites in Scotland and the North of England. It said that if it wins all the licenses it has applied for, it will [...]