drilling

The system will capture waste energy from cooling and will store it 220 metres undeground for later use as heat

The Environment Agency has launched a public consultation on the new permit, which if granted would allow UKOG to operate at the proposed site for a period of three years

That would be a result of a decline in drilling activity related to low oil prices, with responses to the COVID-19 pandemic also leading to supply and demand disruptions

Independent producer Apex said the well in Cretaceous sandstones can produce 2,000 barrels a day

Dandelion Energy claims its Sonic Drill Suite technology reduces the time it takes to install geothermal systems from up to one week to one day

Fracking started at the Preston New Road site last October but operations were halted on numerous occasions due to minor tremors

Production in December last year was the highest monthly level seen in US history

The facility in Cornwall will be capable of supplying up to 3MW of electricity – enough to power around 3,000 homes

Oil & Gas UK says despite improvements, more investment is needed to ensure the long-term future of the North Sea

This figure totals almost as many wells as it has drilled since the company was established in 1972