UK regulator the OGA fail to conduct financial health checks on Third Energy for over 2 years despite concerns over the fracking firms financial stability

A Frack Free North Yorkshire (FFNY) investigation has revealed that the Oil & Gas Authority (OGA) which is widely seen as a key government body for regulating the Fracking industry,  hasn't completed a financial 'competence' check on Third Energy since November 2014, despite the controversial fracking firm recording a loss of over £3million in its latest set of published … [Read more...]

Third Energy’s poor financial status continues after company declares huge loss in latest accounts

A fantastic report published by Drill or Drop on the 23/02/17  has revealed, Third Energy UK Gas Limited – the company behind fracking plans at Kirby Misperton in North Yorkshire – made a loss of £3.854m in 2015. Full text shown below (photos added by FFNY); It owed more than £50m to parent and sister companies and turnover was less than half that of the previous … [Read more...]

Third Energy fail to publish their company accounts on time, amid growing concerns about the companies financial stability

Residents facing fracking in North Yorkshire have highlighted the failure of Third Energy to submit its company accounts on time.[1] This has resulted in a threat from the Registrar of Companies to Third Energy to strike it off the registry and dissolve the company [2] This is not the first time this has happened: in January 2013 the company received a similar letter … [Read more...]

Investigation reveals Yorkshire Fracking firm Third Energy’s links to infamous offshore tax haven

The Panama papers  revelations exposed in the National press in recent weeks have helped to shine a light into the murky world of offshore tax havens where an estimated £8 trillion of wealth is kept in offshore bank accounts, and denying countries like the UK from collecting their fair share in tax revenues which are needed to maintain our vital public services such as the … [Read more...]