July 2023 headlines
Keep up to date with July 2023’s news with our digest of daily updated headlines about the business, regulation and campaigns around UK fracking, shale, and onshore oil and gas.
UK onshore oil and gas production in charts – April 2023
DrillOrDrop’s review of the latest UK onshore production data, for April 2023, reveals a big drop in monthly production from the largest field at Wytch Farm. This cut the UK’s total monthly onshore oil volumes by more than half.
Saltfleetby gas production lifts profits at Angus Energy
Gas production at Saltfleetby in Lincolnshire helped to generate revenue of nearly £16.5m for Angus Energy in the six months to March 2023. This compared to £27,000 for the same period in 2022.
UKOG takes out £3m loan for drilling operations
UK Oil & Gas has announced it has secured a £3m loan to fund operations over the next 12 months.
East Yorkshire backs fossil fuel divestment
Councillors in East Yorkshire voted unanimously this afternoon for a review of pension fund investments away from fossil fuels
“Expansion of fossil fuel production not in line with net zero” – CCC
Government advisors have accused ministers of lacking leadership on climate change and sending conflicting messages on fossil fuels.
UKOG declares interim loss of £1.3m
UK Oil & Gas plc reported an operating loss of £1.32m for the six months to the end of March 2023, slightly larger than the year before.
IGas becomes Star Energy
IGas Energy plc confirmed today its name has changed to Star Energy Group plc.
Cuadrilla back in the red, value of shale gas assets to be cut
Cuadrilla’s Australian owner is to cut the value of UK shale gas exploration assets, following the reinstatement of the moratorium on fracking in England last year.
Church of England divests from fossil fuels
The Church of England is pulling its investment in major fossil fuel companies because they failed to align with the goals of the Paris climate agreement.
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