Exploration & Production

UK shale players welcome state help, but clock is ticking

The UK shale industry needs to prove it can produce sufficient resources cheaply and quickly if it wants to secure financing from the majors The UK shale industry needs to prove it can produce sufficient resources cheaply and quickly if it wants to secure financing from the majors.
By Silvia Favasuli 7 August 2018 0 32056
A protest against fracking in the UK Fracking protesters in the UK. (Interfax)

The UK government’s decision to allow Cuadrilla to frack for shale gas in northwestern England could galvanise industry hopefuls. But companies will need to accelerate development without further delay. 

A spokesperson for IGas Energy – one of the UK’s largest onshore conventional producers and one of its main shale players – told Interfax Natural Gas Daily the granting of Cuadrilla’s permit shows the UK’s commitment to the sector and “brings us a step closer to determining flow rates that will...