Losses mount at IGas
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.
Investor prepares to buy UK onshore oil and gas company
A UK onshore oil and gas company could be bought up by the investment company Metal NRG by the end of the summer.
Stimulation considered as solution to continuing water problem at Horse Hill well
UK Oil & Gas has said it could stimulate or sidetrack its second oil well at Horse Hill in Surrey to achieve long-term production.
Redundancies at IGas in £1m cost cutting
IGas has announced redundancies, including the chief finance officer, in a £1m cost-cutting programme.
Union Jack Oil adds to stake in Lincolnshire oil exploration
Union Jack Oil announced this morning it had increased its interest in the Biscathorpe oil site in Lincolnshire.
Fracking moratorium will be lifted – but not this year, says Cuadrilla’s owner
The owner of the fracking firm Cuadrilla predicted today that England’s moratorium on hydraulic fracturing would be lifted – but not before 2021.
Union Jack promotes “green credentials” of West Newton
The amount of carbon that would be emitted during any future oil production at West Newton in East Yorkshire would be smaller than the UK onshore average, according to the conclusions of a study announced today.
Union Jack becomes biggest player in Wressle oil field
Union Jack Oil plc is to pay £500,000 to become the largest single investor in the Wressle oil field in North Lincolnshire.
UKOG announces plan to boost production from “Gatwick Gusher”
UK Oil & Gas said today it would reperforate the Portland section of its first well at the Horse Hill oil site in Surrey.
Reabold increases stake in West Newton licence
Reabold Resources has increased its stake in oil and gas exploration at West Newton in East Yorkshire to more than 50%.
