Oil and gas companies have been warned by their regulator to stop “navel gazing” and do much more to solve the challenges of climate change.
The gas production company, Third Energy, formerly owned by Barclays, has been released from a loan of more than £80m, according to its accounts.
Third Energy, the company behind plans to frack in North Yorkshire, has announced it now has no immediate shale gas plans.
The moratorium on fracking, along with planning delays and weak commodity prices are a challenge for the future, Egdon Resources has concluded
UK Oil & Gas, the company behind the Horse Hill oil site in Surrey, has issued a total of 348 million shares in the past week.
The future of Europa Oil & Gas Limited depends on production this year from the Wressle well in north Lincolnshire, the company’s accounts have revealed.
Shareholders in most UK onshore oil and gas companies could be forgiven for looking forward to the end of 2019.
The number of onshore oil and gas wells drilled in the UK in 2019 was up slightly on 2018, which was a 68-year low for the industry. This year, operators spudded (began drilling) four, or possibly five wells, depending on how you count your wells.
Shares in UK Oil & Gas plc fell 8% today following a statement on testing its new well at the Horse Hill site near Gatwick Airport.
Cuadrilla’s Australian investor has suggested that the shale gas company will be looking at new exploration sites next year.