South Downs oil field to restart production
Oil extraction is to resume at the Avington field in the South Downs National Park after a break of more than five years.
UK onshore oil and gas production in charts – April 2023
DrillOrDrop’s review of the latest UK onshore production data, for April 2023, reveals a big drop in monthly production from the largest field at Wytch Farm. This cut the UK’s total monthly onshore oil volumes by more than half.
Saltfleetby gas production lifts profits at Angus Energy
Gas production at Saltfleetby in Lincolnshire helped to generate revenue of nearly £16.5m for Angus Energy in the six months to March 2023. This compared to £27,000 for the same period in 2022.
UKOG takes out £3m loan for drilling operations
UK Oil & Gas has announced it has secured a £3m loan to fund operations over the next 12 months.
UKOG declares interim loss of £1.3m
UK Oil & Gas plc reported an operating loss of £1.32m for the six months to the end of March 2023, slightly larger than the year before.
IGas becomes Star Energy
IGas Energy plc confirmed today its name has changed to Star Energy Group plc.
Cuadrilla back in the red, value of shale gas assets to be cut
Cuadrilla’s Australian owner is to cut the value of UK shale gas exploration assets, following the reinstatement of the moratorium on fracking in England last year.
Labour to phase out onshore oil and gas as well as North Sea
Labour’s policy to end oil and gas exploration in the North Sea will also apply onshore, the party has said.
Breaking: Egdon pulls out of next week’s oil appeal at North Kelsey
Egdon Resources has announced it is withdrawing from an appeal on its oil site at North Kelsey in Lincolnshire just days before the hearing.
Leading organisations warn against new oil and gas fields
More than 140 environmental and social justice organisations have warned that opening new oil and gas fields would lock the UK into higher energy bills for longer.
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