IGas to revisit spending plans as oil price rises
The exploration and production company, IGas, said today it was reviewing its capital spending plans with the increase in the oil price.
UKOG buys into “irresistible” Turkish licence
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.
Cuadrilla hints at a long game for UK fracking
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.
Rathlin chair retires
The chair of Rathlin Energy, David Montagu-Smith, has left the board, the company has announced.
Centrica pulls out of Cuadrilla’s Lancashire shale gas licence
Centrica is giving up its stake in Cuadrilla’s shale gas licence in the Fylde near Blackpool.
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.
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