Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  News  >  Economy & Forex  >  All News

News : Economy & Forex
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance ProfessionalsCalendarSectors 
All NewsEconomyCurrencies / ForexCryptocurrenciesEconomic EventsPress releases

Cuadrilla says 'micro seismic event' occurred at fracking site near Blackpool

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/25/2019 | 05:09am EDT
FILE PHOTO: Cuadrilla's Preston Road fracking site is seen near Blackpool

(Reuters) - British shale gas company Cuadrilla Resources said a tremor measuring 2.1 ML on the Richter scale was recorded at the company's shale gas exploration site late on Saturday.

"We can confirm that a micro seismic event measuring 2.1 ML (local magnitude) on the Richter scale occurred at Preston New Road. This lasted for around 1 second and resulted in ground motion less than 1.5 mm/s. Hydraulic fracturing was not taking place at the time", a company spokeswoman said.  

British media had reported earlier that the tremor was "the largest (to be) detected" at UK's only active fracking site.

The company said that the event was "well below anything" that can cause harm to individuals or their property.

Saturday's tremor came only days after another tremor measuring 1.55 ML (local magnitude) on the Richter scale had occurred on Wednesday.

After Wednesday's tremor, the company paused fracking at the Preston New Road site in Lancashire, northwest England.

Cuadrilla repeatedly had to stop operations last year under Britain's traffic light regulation system, which immediately suspends work if seismic activity of magnitude 0.5 or above is detected.

Fracking, or hydraulically fracturing, involves extracting gas from rocks by breaking them up with water and chemicals at high pressure.

It is fiercely opposed by environmentalists who say extracting more fossil fuel is at odds with Britain's commitment to reduce greenhouse gas emissions.

(Reporting by Kanishka Singh in Bengaluru)

Stocks mentioned in the article
ChangeLast1st jan.
LANCASHIRE HOLDINGS 0.14% 721.5 Delayed Quote.19.09%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news "Economy & Forex"
05:47pU S SENATE COMMITTEE ON JUDICIARY : Feinstein Joins Cantwell, Colleagues in Questioning Federal Energy Regulatory Commission's Commitment to Policing Energy Market
PU
05:42pKuwait foreign minister discusses with Iranian counterpart de-escalating tensions in region
RE
05:39pGermany expects tough EU talks on energy taxes to counter climate change
RE
05:37pChinese officials to visit U.S. farmland as trade talks continue -U.S. agriculture chief
RE
05:35pEXCLUSIVE : Venezuela opposition eyes U.N. asset protection as option to save Citgo
RE
05:30pBank of Canada taps its financial markets leader as new deputy governor
RE
05:19pTrump adviser says U.S. president ready to escalate trade war if no deal agreed soon - SCMP
RE
05:19pChinese officials to visit U.S. farmland as trade talks continue -U.S. agriculture chief
RE
05:17pBOARD OF GOVERNORS OF FEDERAL RESERVE SYSTEM : Federal Reserve Board approves actions by the Boards of Directors of the Federal Reserve Banks of Boston, New York, Cleveland, Richmond, Atlanta, St. Louis, and Kansas City
PU
05:16pNEWS HIGHLIGHTS : Top Company News of the Day
DJ
Latest news "Economy & Forex"