Industry

IGas becomes Star Energy

IGas Energy plc confirmed today its name has changed to Star Energy Group plc.

The change was approved by shareholders at the annual meeting earlier this month.

The company will trade under its new name from tomorrow morning (Tuesday 27 June 2023).

Star Energy was an onshore exploration company formed in 1999 with assets in the Weald basin. Most of its UK onshore production assets were acquired by IGas in December 2011.

In March 2023, IGas explained why it planned to change the company name:

“As the Company has been reshaping its strategic direction to reflect the transition to a lower carbon economy, the Board is proposing a change in the Company’s name to Star Energy Group PLC.”

As IGas, the company has been named as the preferred contractor for geothermal schemes at the Wythenshawe Hospital in Manchester and Salisbury District Hospital in Wiltshire. It has also applied to the Green Heat Network Fund transition scheme for a district heat network project in Stoke-on-Trent.

But the low carbon business is currently a small part of the company. As IGas, it operated 26 onshore UK producing oilfields and one gasfield in England. The company also holds 292,100 acres of shale gas licences.

Plans to produce fossil “grey” hydrogen at two sites in Surrey were refused planning permission (Albury and Bletchingley)

Add a comment