Cluff Natural Resources has signed a deal with Verus Petroleum acquire a quarter share in three licences in the Central North Sea and the Moray Firth.
Cluff Natural Resources
North Sea oil pioneer Algy Cluff insisted yesterday plans for unconventional gas extraction in the Firth of Forth were not dead. He was speaking after his company said it was switching its “primary focus” away from the firth to pursue underground coal gasification (UCG) projects in England, and conventional oil and gas developments in the North Sea. Green groups which recently led a protest against his Scottish UCG plans said it was a “massive victory” for campaigners but the issue would not be buried until his firm handed back its UCG licences.
Oil pioneer Algy Cluff said the North Sea is on the cusp of a renaissance after heralding his company’s plans to divert more of its resources to the area. Mr Cluff said Cluff Natural Resources had already made rapid progress in developing its five conventional oil and gas licences in the southern North Sea, aided by a collaborative agreement with energy service giant Halliburton.
Cluff Natural Resources (CLNR) is to pursue unconventional opportunities south of the border following the Scottish Government's moratorium on Underground Coal Gasification.
A North Sea oil and gas pioneer yesterday urged the Scottish Government not to squander taxpayers’ money on further research into underground coal gasification (UCG). It comes after the government slapped a moratorium on UCG and appointed a scientist to carry out an independent assessment into the potential impacts of the technology. The government also widened the scope of research that is being conducted into fracking, which was the subject of a separate planning ban introduced in January.
Oil pioneer Algy Cluff said yesterday his company’s plans to tap coal reserves under the Firth of Forth were in keeping with the concept of Scottish independence. And in announcing the first half results for Cluff Natural Resources (CNR), Mr Cluff criticised the previous UK Government’s support for North Sea windfarms. Mr Cluff, chairman and chief executive of CNR, said large windfarms blocked access to gas fields and sucked up taxpayers’ money.