The would-be fracking firm, Third Energy, has been acquired by a renewables company, which plans to use old gas wells to generate geothermal energy.
The onshore oil and gas industry has “strongly contested” comments made by the former Tory leadership contender, Jeremy Hunt, about drilling plans in Surrey.
IGas announced today its interim non-executive chairman, Cuth McDowell, is retiring after 10 years on the board.
Follow onshore oil production trends with our review of the latest official monthly data
The oil and gas company, Angus Energy plc, is considering a potential sale as part of a strategic review of its options.
For the first time since 1935, no onshore oil or gas wells were drilled in a calendar year, according to 2021 data from the industry regulator.
The UK government is seeking views on new climate criteria that oil and gas projects must meet to be approved.
UK Oil & Gas chief executive Stephen Sanderson bought 985,221 shares in the company this month, at a price of 0.1015p per share, the company has confirmed.
The operator of the Wressle oil site in North Lincolnshire said well testing would be completed early next year.
The company behind oil production at Horse Hill in Surrey has announced plans to develop geothermal energy at the site.