Week Ending 2nd November 2014
UK news highlights
The main stories
The 14th round of licensing ended on Thursday. It was no surprise that Ineos have announced that they were bidding for new licences, but it is slightly surprising that ex-gas salesman and self-professed shale pundit Nick Grealy should have set up a new company with a "virtual London address" with his son, and this man and a dog company had bid for London licences. How on earth DECC could grant a licence to a company with no fracking credentials whatsoever baffles me. Londoners watch out. The cowboys are loose. Given that half of London's food is produced at the Park Royal industrial estate where grealy has his sights set on a fracking pad Londoners have good reason to be concerned.
Egdon Resources backed off from their claim there was 3.8 billion barrels of oil under the Burton site where their drilling failed. Egdon's share price fell steeply.
Any opinions here not quotes from the
week's news reports are my own.
News As It Came In
links to original stories
Fracking for shale gas to come to Harrow
No Oil Found At Leicestershire Exploration Site