UKOG shares dropped more than a third today on news that the company had abandoned testing the Pinarova-1 well in Turkey. The company said it was “disappointed” that the well had not met its expectations.
The UK must “rapidly replace fossil fuels with low carbon alternatives”, the government’s climate advisor warned today.
Union Jack Oil, the majority investor in the Wressle onshore site in North Lincolnshire, has announced its first move into the US.
The Wressle oil site in North Lincolnshire has been given consent for a larger gas engine to generate electricity.
The arguments at the centre of a landmark legal challenge to UK onshore oil production have secured a separate historic court win against the Norwegian government.
The government has won a debate on its legislation to require annual licensing rounds for new North Sea oil and gas fields.
Reabold Resources, a key investor in the West Newton oil and gas field in East Yorkshire, is to receive £4.4m from Shell in the coming days.
A legal challenge to oil production in the Lincolnshire Wolds area of outstanding natural beauty is being supported by the head of the renewables company, Ecotricity.
Cuadrilla’s plan to decommission its fracked wells in Lancashire is already behind schedule.
A major backer of the West Newton oil and gas project in East Yorkshire has fought off another challenge by a group of shareholders.
DRILL OR DROP? 