Reporting on the unconventional oil and gas industry and its use of hydraulic fracturing
Shares in UK Oil and Gas dropped by more than 35% this afternoon following the company’s announcement of possible formation damage at its Broadford Bridge oil exploration well and the prospect of drilling another sidetrack.
UK Oil and Gas, the company behind oil exploration at Broadford Bridge in West Sussex, has rejected comments made about its operations by Angus Energy.
A new planning application for oil production at the Wressle site near Scunthorpe is expected by the end of April, one of the partners in the project has said.
Angus Energy has said it expects to test its newly-acquired well at Balcombe in West Sussex, before turning to Brockham in Surrey.
INEOS has accused Derbyshire councillors of a “confused” decision based on politics not science after they opposed the company’s plans for a shale gas well.
IGas has confirmed the first shale gas well it plans to drill in north Nottingham will be at the Springs Road site at Misson. Drilling was expected to start in mid 2018.
Third Energy confirmed tonight it was releasing some equipment from its fracking site at Kirby Misperton in North Yorkshire after the government required a review of the company’s finances.
The company behind plans to frack at Kirby Misperton in North Yorkshire released its long-awaited 2016 accounts this morning, declaring a loss of £3.405m.
UK Oil and Gas Investments Plc announced this morning it was not seeking a time extension of an exploration licence, off the south west coast of the Isle of Wight.
One of the key figures in the company expected to frack the UK’s first gas well for nearly seven years has resigned as a director.
DRILL OR DROP? 