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.
UK onshore oil and gas production in charts – March 2023
DrillOrDrop’s review of the latest UK onshore production data, for March 2023, reveals the lowest monthly oil volume and daily extraction rate for 12 years, while flared gas was at a record high.
Egdon shares rise 80%+ as it agrees to £27m takeover
Egdon Resources, the company behind the UK’s newest onshore oil producer, announced this morning it has agreed to a takeover by Petrichor Partners.
Wressle oil delivers first Union Jack annual profit
Oil production from the Wressle field in north Lincolnshire helped boost annual revenue by 349% for Union Jack, the company said today.
The falling value of the Gatwick Gusher
The Gatwick Gusher oil well, once said to be of national significance, has been downgraded in value for the third time by its owner.
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