More delays over Biscathorpe environmental impacts
An oil company has again been given extra time to provide more information about its production plans in the Lincolnshire Wolds.
Planners rule again on impact of new Wressle oil wells
Emissions from oil produced at two proposed new wells at a site near Scunthorpe would contribute to climate change, officials have said. But they ruled the likely impact wasn’t enough to require a detailed environmental study to support a planning application.
Profits down at Union Jack
Gross profits at Union Jack Oil fell 40% in 2024, compared with the year before, annual acounts revealed today.
Cuadrilla owner refinances debt
Cuadrilla’s Australian owner has refinanced its debt, it announced this morning.
Horse Hill partner slashes value of investment
Alba Mineral Resources has cut by 94% the value of its stake in Horse Hill – the Surrey oil site at the centre of last year’s landmark Supreme Court judgement.
Cuadrilla’s owner gets 9 more days to refinance debt
The Australian mining group, on which Cuadrilla relies for funding, has been given just over a week to refinance multi-million dollar debts.
Barton Moss and Doe Green wells abandoned – Star Energy accounts
Wells at two key sites in the UK’s failed shale gas revolution have been abandoned.
Regulator extended Cuadrilla’s clean-up deadline
The industry regulator gave Cuadrilla more time to plug and abandon its shale gas wells at Preston New Road in Lancashire, DrillOrDrop has discovered.
UKOG announces accounts delay and trading suspension
The onshore oil company at the centre of a landmark Supreme Court judgement has announced trading would be suspended because its annual accounts would not be published on time.
£4m+ loss at Angus Energy – annual accounts
The UK’s biggest onshore gas producer has reported an annual loss of more than £4m, down more than 100% on the profit in the year before.
DRILL OR DROP? 