Image: Drill or Drop
Third Energy
Background
Third Energy UK Gas Limited – the company poised to be at the vanguard of UK fracking – was set up to take advantage of the potential shale gas boom in the UK. In 2015, it became the second company in the UK to apply to frack, after Cuadrilla Resources, and grassroots protests sprang up immediately.1 Terry Macalister. โUK fracking firm applies for licence in North Yorkshire,โ The Guardian, May 22, 2015. Archived January 10, 2019. Archive.fo URL: https://archive.fo/rJJlu
Third Energy UK Gas Limited is controlled by Third Energy Holdings Limited, which is registered in the Cayman Islands. The firm was 97 percent owned by a private equity arm of Barclays bank, Barclays Natural Resources Investment (now renamed Global Natural Resource Investments) โ a stake that consultancy Profundo says has been reduced to 78 percent. In May 2017, Barclays said it would sell the subsidiary that owns the Third Energy stake.2 Adam Vaughan. โFracking row: Treasury ‘showing shambolic conflict of interest’,โ The Guardian, February 19, 2018. Archived January 10, 2019. Archive.fo URL: https://archive.fo/JyEef 3 Emily Gosden. โBarclays invests in shale gas revolution,โ The Telegraph, November 30, 2013. Archived January 10, 2019. Archive.fo URL: http://archive.is/7ZFuB 4 โAbout GNRI,โ GNRI. Archived January 10, 2019. Archive.fo URL: https://archive.fo/sQiz3 5 Mat Hope. โBarclays to Sell Fracking Company, Says Decision Does Not Change Stance on Shale Gas,โ DeSmog, May 15, 2017.
In the UK, Third Energy Onshore Limited is the subsidiary of Third Energy Holdings Limited that owns Third Energy UK Gas Limited (formerly Viking UK Gas) and Third Energy Trading Limited (formerly RGS Energy Services). Third Energy Onshore acquired the fracking licence blocks in Yorkshire through buying Viking UK Gas and RGS Energy Services in 2011. Its assets also include Knapton power station, pipelines, and mature producing fields.6 โThird Energy,โ Frack Off. Archived January 10, 2019. Archive.fo URL: https://archive.fo/0ipNG 7 Erikka Askeland. โThird Energy Offshore increases North Sea stake,โ Energy Voice, February 8, 2015. Archived January 10, 2019. Archive.fo URL: https://archive.fo/DszSX
Since 2012, the government has been pushing fracking as a source of home-grown energy. But recently an internal, unpublished, government report massively scaled back expectations of fracking in the UK. In October 2016, Scotland banned the controversial extraction technique, and public opinion has further nosedived.8 โSecret UK government report lowers fracking expectations,โ Unearthed, October 2, 2018. Archived January 10, 2019. Archive.fo URL: https://archive.fo/KMYqU 9 โScottish government bans fracking after public opposition,โ The Guardian, October 3, 2017. Archived January 10, 2019. Archive.fo URL: https://archive.fo/eidOG
KM8 Well
The firm has sought to frack at a site (KM8 well) near Kirby Misperton in North Yorkshire, on the Bowland shale formation.10 โAssets and Operations,โ Third Energy. Archived January 10, 2019. Archive.fo URL: https://archive.fo/Njvkh
Operations were delayed by internal disorganised finances and the government closing a legal loophole, meaning all fracking firms now have to get the go ahead from Greg Clark, the business secretary.11 Paul Seaman. โMinister Delays Fracking Decision at Kirby Misperton until Third Energy submits its Overdue Accounts,โ Desmog, January 25, 2018. 12 โHydraulic fracturing: Direction to the Oil and Gas Authority,โ Gov.uk, November 30, 2017. Archived January 10, 2019. Archive.fo URL: https://archive.fo/wsFSs
Stance on Climate Change
Third Energy does not have any public statements regarding climate change.
Funding
A potential conflict of interest around one of Third Energyโs directors was highlighted in the governmentโs investigation into the companyโs finances โ something Third Energy and the government deny.13 Adam Vaughan. โFracking row: Treasury ‘showing shambolic conflict of interest’,โ The Guardian, February 19, 2018. Archived January 10, 2019. Archive.fo URL: https://archive.fo/JyEef
In September 2017, Jitesh Gadhia was appointed a senior independent director of the firm, and he is also the non-executive director of UK Government Investments, a Treasury body that advises on government support for ailing businesses. Meanwhile, another Treasury body Infrastructure and Projects Authority (IPA), is looking into Third Energy.14 Adam Vaughan. โFracking row: Treasury ‘showing shambolic conflict of interest’,โ The Guardian, February 19, 2018. Archived January 10, 2019. Archive.fo URL: https://archive.fo/JyEef
Third Energy also published their annual accounts, finally, four months late. It was their late filing that prompted the business secretary Greg Clark to state in January that fracking firmsโ had to show โfinancial resilienceโ and that all firms that applied for permission to frack would be examined by the IPA.15 โEnergy Policy:Written statement – HCWS428,โ www.parliament.uk, January 25, 2018. Archived January 10, 2019. Archive.fo URL: http://archive.is/Qm8Dl
In response to the investigation into their finances and the delay to get final consent, Third Energy removed equipment from the site near Kirby Misperton.16 Ruth Hayhurst. โThird Energy releases equipment from fracking site because of ‘delays over final consent’,โ Drill or Drop? February 6, 2018. Archived January 10, 2019. Archive.fo URL: http://archive.is/Ue3BL
Key People
The following is a list of Directors and/or Secretaries for Third Energy Companies based on data collected via Companies House UK:
Name & Status | Halo Offshore UK | Third Energy Onshore | Third Energy Services | Third Energy Trading | Third Energy UK Gas | Third Energy EBT Trustee |
Active | ||||||
Alan Linn | Y | Y | Y | |||
Andrew Mortimer | Y | Y | ||||
Grant George Emms | Y | |||||
Paul Savage | Y | Y | Y | Y | ||
Rasik Valand | Y | Y | Y | Y | Y | Y |
– | – | – | – | – | – | – |
Resigned | ||||||
Adam Douglas Greene | Y | Y | Y | Y | ||
Aidan Joseph Heavey | Y | |||||
Alan Graham Martin | Y | |||||
Alison Jane Shields | Y | |||||
Asher Fogel | Y | Y | Y | Y | ||
Averil Eager | Y | |||||
Bernhard Cociancig | Y | Y | ||||
Brian James | Y | |||||
Charles Simon Falla | Y | |||||
David Ellix | Y | |||||
David James Robottom | Y | Y | Y | Y | Y | Y |
Denis Maurice Bizeau | Y | |||||
Gary Neus | Y | Y | Y | |||
Graham Philip May | Y | Y | Y | Y | ||
Grant George Emms | Y | Y | Y | Y | ||
Henry Nelson Schneider | Y | Y | Y | Y | ||
James Anthony Lobban | Y | Y | ||||
James Bartholomew Boffardi | Y | Y | Y | Y | ||
Jeremy James Tyrie | Y | |||||
John Alexander Gordon Dewar | Y | Y | Y | Y | Y | |
John Godwin Crick | Y | |||||
John Henry Edward Butterfield | Y | |||||
Joseph Patrick Reynolds | Y | Y | Y | Y | ||
Keith Robertson Cochrane | Y | |||||
Lord Jitesh Kishorekumar Gadhia | Y | |||||
Lourens Daniel John Erasmus | Y | Y | ||||
Matthew John O’Donoghue | Y | |||||
Matthew Maher | Y | |||||
Michael Roderick Sturt | Y | |||||
Patrick Clive Spink | Y | |||||
Richard Augustine | Y | |||||
Richard Nevins | Y | |||||
Robert Blair Thomas | Y | |||||
Robert Desmond McVeigh | Y | Y | ||||
Robert Evans Jones | Y | |||||
Roger David Barrett | Y | |||||
Roger Gordon Connon | Y | |||||
Roland Fox | Y | |||||
Thomas Alton Clarence-Smith | Y | |||||
Thomas Gerard Hickey | Y | |||||
Thomas Mehlberg | Y |
Actions
February 7, 2021
Third Energy was sold by Barclays bank to Houston-based firm Alpha Energy for ยฃ1, following a moratorium on fracking imposed in November 2019, The Times reported.17 Jamie Nimmo. โBarclays lost ยฃ90m on fracking,โ The Times, February 7, 2021. Archived February 8, 2021. Archive.vn URL: https://archive.vn/1Ft7s
September 2018
Third Energy’s Chairman, Keith Cochrane, and Director Jitesh Gadhia, a Conservative party peer and Tory donor, reportedly resigned from the company’s board due to its inactivity. The resignations came after reports that Conservative MPs were preparing to rebel against new rules that would take fracking planning out of the hands of local authorities.18 Emily Gosden. โChairman quits fracking firm Third Energy,โ The Times, September 19, 2018. Archived September 19, 2018. Archive.fo URL: http://archive.fo/EtB4N 19 โFracking plans spark Conservative rebellion threat,โ Financial Times, September 18, 2018. Archive.fo URL: https://archive.fo/mkK3b
September 2017
Third Energy started preparing the site at Kirby Misperton for fracking. Protests ramped up, resulting in over 80 arrests and an extraordinary police presence around the village.20 Frances Perraudin. โFracking protester warns: ‘Yorkshire’s gorgeous, but that can be taken awayโ,โ The Guardian, November 5, 2017. Archived January 10, 2019. Archive.fo URL: https://archive.fo/Rm5uF
DeSmog exposed that police had set limits on fracking protests in North Yorkshire where Third Energy plans to begin drilling.21 Kyla Mandel. โGrowing Number of Restrictions Placed by Police, Councils on Anti-Fracking Protests,โ DeSmog, September 11, 2017.
June 2017
Third Energy was rapped on the knuckles by the Environment Agency, which gave an official warning that the firm breached one of its environmental permits by failing to publish correct emissions data, which concerned air quality data at the Knapton Generating Station in the Vale of Pickering. The company was also criticised for failing to use an agreed method to monitor groundwater quality at a nearby gas well.22 โYorkshire Fracking Company Receives Official Warning Over Incorrect Emissions Data,โ DeSmog, June 20, 2017.
May 2017
Barclays announced it would sell its stake in Third Energy โin due course.โ Barclays has been targeted by campaigners for backing fracking and fossil fuel projects.23 Mat Hope. โBarclays to Sell Fracking Company, Says Decision Does Not Change Stance on Shale Gas,โ DeSmog, May 15, 2017. 24 Mat Hope. โCampaigners Tell Barclays, โYou Frack My Home, Weโll Move Into Yoursโ,โ DeSmog, October 31, 2016.
Dec 2016
An anti-fracking camp was set up to protest the proposed fracking near Kirby Misperton.25 Killian Fox. โMeet the Yorkshire villagers fighting the frackers,โ The Guardian, February 18, 2018. Archived January 10, 2019. Archive.fo URL: https://archive.fo/ZQRnQ
May 2015
Yorkshire became the new focal point of the UK fracking debate after Third Energy applied to hydraulically frack the well at the Kirby Misperton site in North Yorkshire.26 Ben Lucas. โFracking Focus Shifts to Yorkshire as Pro- and Anti-Fracking Groups Emerge,โ DeSmog, July 17, 2015.
2013
Third Energy drilled the well near Kirby Misperton to sample gas at the site โ โAnalysis of the gas bearing zones in the deeper Bowland section concluded that they should be appraised further. To assess their commercial potential, hydraulic fracturing will be used to stimulate gas flow from these inter-bedded sandstone and shale sections,โ the firm stated on its website.27 โAssets and Operations,โ Third Energy. Archived January 10, 2019. Archive.fo URL: https://archive.fo/Njvkh
Related Organisations
- Third Energy Holdings Limited
- Third Energy Onshore Limited*
- Third Energy Services Limited (Formerly UK Energy Systems Limited)
- Third Energy UK Gas Limited (formerly Viking UK Gas)
- Third Energy EBT Trustee Limited
- Third Energy Trading Limited (formerly RGS Energy Services)
- Halo Offshore UK Limited (Formerly Third Energy Offshore Limited)
*Third Energy Onshore acquired the fracking licence blocks in Yorkshire through buying Viking UK Gas and RGS Energy Services in 2011. Its assets also include Knapton power station, pipelines, and mature producing fields.
Contact & Address
According to the Third Energy Website, as of January 2019:28 โContact Us,โ Third Energy. Archived January 10, 2019. Archive.fo URL: https://archive.fo/4zMaZ
North Yorkshire Operations
Knapton Generating Station
East Knapton
North Yorkshire
YO17 8JF
+44 (0) 1944 758 746
Social Media
- @Third_Energy on Twitter (no posts listed).
- โThird Energyโ on LinkedIn.
Related posts
- Minister Delays Fracking Decision at Kirby Misperton until Third Energy submits its Overdue Accounts
- Fracking Comes to the UK for First Time in Five Years Despite Concerns Over Gas Leaks and Safety Breaches
- Barclays to Sell Fracking Company, Says Decision Does Not Change Stance on Shale Gas
- Yorkshire Fracking Company Receives Official Warning Over Incorrect Emissions Data
- Growing Number of Restrictions Placed by Police, Councils on Anti-Fracking Protests
- Fracking Focus Shifts to Yorkshire as Pro- and Anti-Fracking Groups Emerge
Other Resources
- โCompany Overview of Third Energy Holdings Limited,โ Bloomberg.
Resources
- 1Terry Macalister. โUK fracking firm applies for licence in North Yorkshire,โ The Guardian, May 22, 2015. Archived January 10, 2019. Archive.fo URL: https://archive.fo/rJJlu
- 2Adam Vaughan. โFracking row: Treasury ‘showing shambolic conflict of interest’,โ The Guardian, February 19, 2018. Archived January 10, 2019. Archive.fo URL: https://archive.fo/JyEef
- 3Emily Gosden. โBarclays invests in shale gas revolution,โ The Telegraph, November 30, 2013. Archived January 10, 2019. Archive.fo URL: http://archive.is/7ZFuB
- 4โAbout GNRI,โ GNRI. Archived January 10, 2019. Archive.fo URL: https://archive.fo/sQiz3
- 5Mat Hope. โBarclays to Sell Fracking Company, Says Decision Does Not Change Stance on Shale Gas,โ DeSmog, May 15, 2017.
- 6
- 7Erikka Askeland. โThird Energy Offshore increases North Sea stake,โ Energy Voice, February 8, 2015. Archived January 10, 2019. Archive.fo URL: https://archive.fo/DszSX
- 8โSecret UK government report lowers fracking expectations,โ Unearthed, October 2, 2018. Archived January 10, 2019. Archive.fo URL: https://archive.fo/KMYqU
- 9โScottish government bans fracking after public opposition,โ The Guardian, October 3, 2017. Archived January 10, 2019. Archive.fo URL: https://archive.fo/eidOG
- 10โAssets and Operations,โ Third Energy. Archived January 10, 2019. Archive.fo URL: https://archive.fo/Njvkh
- 11Paul Seaman. โMinister Delays Fracking Decision at Kirby Misperton until Third Energy submits its Overdue Accounts,โ Desmog, January 25, 2018.
- 12โHydraulic fracturing: Direction to the Oil and Gas Authority,โ Gov.uk, November 30, 2017. Archived January 10, 2019. Archive.fo URL: https://archive.fo/wsFSs
- 13Adam Vaughan. โFracking row: Treasury ‘showing shambolic conflict of interest’,โ The Guardian, February 19, 2018. Archived January 10, 2019. Archive.fo URL: https://archive.fo/JyEef
- 14Adam Vaughan. โFracking row: Treasury ‘showing shambolic conflict of interest’,โ The Guardian, February 19, 2018. Archived January 10, 2019. Archive.fo URL: https://archive.fo/JyEef
- 15โEnergy Policy:Written statement – HCWS428,โ www.parliament.uk, January 25, 2018. Archived January 10, 2019. Archive.fo URL: http://archive.is/Qm8Dl
- 16Ruth Hayhurst. โThird Energy releases equipment from fracking site because of ‘delays over final consent’,โ Drill or Drop? February 6, 2018. Archived January 10, 2019. Archive.fo URL: http://archive.is/Ue3BL
- 17Jamie Nimmo. โBarclays lost ยฃ90m on fracking,โ The Times, February 7, 2021. Archived February 8, 2021. Archive.vn URL: https://archive.vn/1Ft7s
- 18Emily Gosden. โChairman quits fracking firm Third Energy,โ The Times, September 19, 2018. Archived September 19, 2018. Archive.fo URL: http://archive.fo/EtB4N
- 19โFracking plans spark Conservative rebellion threat,โ Financial Times, September 18, 2018. Archive.fo URL: https://archive.fo/mkK3b
- 20Frances Perraudin. โFracking protester warns: ‘Yorkshire’s gorgeous, but that can be taken awayโ,โ The Guardian, November 5, 2017. Archived January 10, 2019. Archive.fo URL: https://archive.fo/Rm5uF
- 21Kyla Mandel. โGrowing Number of Restrictions Placed by Police, Councils on Anti-Fracking Protests,โ DeSmog, September 11, 2017.
- 22โYorkshire Fracking Company Receives Official Warning Over Incorrect Emissions Data,โ DeSmog, June 20, 2017.
- 23Mat Hope. โBarclays to Sell Fracking Company, Says Decision Does Not Change Stance on Shale Gas,โ DeSmog, May 15, 2017.
- 24Mat Hope. โCampaigners Tell Barclays, โYou Frack My Home, Weโll Move Into Yoursโ,โ DeSmog, October 31, 2016.
- 25Killian Fox. โMeet the Yorkshire villagers fighting the frackers,โ The Guardian, February 18, 2018. Archived January 10, 2019. Archive.fo URL: https://archive.fo/ZQRnQ
- 26Ben Lucas. โFracking Focus Shifts to Yorkshire as Pro- and Anti-Fracking Groups Emerge,โ DeSmog, July 17, 2015.
- 27โAssets and Operations,โ Third Energy. Archived January 10, 2019. Archive.fo URL: https://archive.fo/Njvkh
- 28โContact Us,โ Third Energy. Archived January 10, 2019. Archive.fo URL: https://archive.fo/4zMaZ