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.
The owner of the fracking firm Cuadrilla predicted today that England’s moratorium on hydraulic fracturing would be lifted – but not before 2021.
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 Oil plc is to pay £500,000 to become the largest single investor in the Wressle oil field in North Lincolnshire.
UK Oil & Gas said today it would reperforate the Portland section of its first well at the Horse Hill oil site in Surrey.
Reabold Resources has increased its stake in oil and gas exploration at West Newton in East Yorkshire to more than 50%.