The exploration and production company, IGas, said today it was reviewing its capital spending plans with the increase in the oil price.
The company behind oil drilling at Horse Hill in Surrey said this morning it had taken a licence stake in south east Turkey in the hope of “rapid monetisation” of reserves.
Lancashire shale gas will take longer to exploit than expected but the potential value remains, Cuadrilla’s chief executive told an Australian business newspaper today.
The chair of Rathlin Energy, David Montagu-Smith, has left the board, the company has announced.
Centrica is giving up its stake in Cuadrilla’s shale gas licence in the Fylde near Blackpool.
IGas declared a pre-tax loss of £59.1m for 2019 in its group annual results published today. This was up from £25.1m in 2018.
A UK onshore oil and gas company could be bought up by the investment company Metal NRG by the end of the summer.
UK Oil & Gas has said it could stimulate or sidetrack its second oil well at Horse Hill in Surrey to achieve long-term production.
IGas has announced redundancies, including the chief finance officer, in a £1m cost-cutting programme.
Union Jack Oil announced this morning it had increased its interest in the Biscathorpe oil site in Lincolnshire.