UKOG issues 1.7 billion new shares in eight months
The number of shares in the onshore operator, UK Oil & Gas plc, has risen to 7.8 billion, up by more than a quarter since August 2019.
“Oil prices to remain low and very volatile”
The former head of BP and the fracking firm Cuadrilla has warned that oil prices will remain low for “some considerable time”.
Angus announces new £1.4m loan
Shares in Angus Energy rose this morning as the company announced it had taken out a £1.4m loan with a property company.
Drilling companies confirm work underway at West Newton-B
The oil and gas company, Rathlin Energy, has confirmed that it has started work at its second site in East Yorkshire.
North west shale write-offs push up losses as IGas focusses on East Midlands
Losses in IGas more than doubled in 2019 to more than £50m as the company turned its back on shale exploration in north west England, annual accounts have revealed.
2019 UK onshore oil production continues downward trend
UK onshore oil production fell in 2019 to its lowest point for eight years, official data has revealed.
Site work appears underway at West Newton-B
Images from Rathlin Energy’s new oil and gas exploration site in East Yorkshire suggest that site work is now underway.
Review underway of fracking company’s costs
The Australian owner of Cuadrilla says it is carrying out a review of the company’s costs following the fracking moratorium.
Egdon’s late life oil fields “unprofitable” at current prices
Egdon Resources has said it is cutting costs because low oil prices following the coronavirus outbreak have hit profitability in its fields.
UKOG delays capital spending because of coronavirus
UK Oil & Gas plc said today it had delayed its capital expenditure programme because of the covid-19 outbreak.
DRILL OR DROP? 