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Coal gasification play Cluff Natural Resources (CLNR) has signed a memorandum of understanding with Halliburton, the $21 billion (£14 billion) US oilfield services giant, to collaborate in developing AIM-quoted Cluff’s Underground Coal Gasification (UCG) and Southern North Sea gas assets in the United Kingdom. Cluff, spearheaded by veteran entrepreneur and executive chairman Algy Cluff, has so far won eight UK licences for deep UCG covering 613 sq. km., as well as five promote licences covering 11 blocks in the Southern North Sea, and the company cites this new agreement with a major world participant as ‘a significant step’ towards ‘the commercialisation of its deep UCG licences in the UK to unlock the vast energy potential of the country’s un-mined offshore coal resources’.
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