Delayed UKOG accounts reveal £35m cut in value of oil assets
Long-awaited annual accounts for UK Oil & Gas plc show a £35m drop in the value of the company’s oil and gas assets.
Long-awaited annual accounts for UK Oil & Gas plc show a £35m drop in the value of the company’s oil and gas assets.
The oil company at the centre of a landmark legal ruling on climate emissions has again delayed the publication of its annual report and accounts.
The campaigner who won a landmark legal victory at the Supreme Court over the climate impact of burning oil and gas has warned that the judgement is “vulnerable”.
The volume of UK onshore oil produced in December 2024 was up 5% , compared with the month before, almost topping the record for the year.
Catch up with recent UK onshore oil and gas applications and decisions with DrillOrDrop’s update.
All the new onshore oil and gas wells in the UK in 2024 were drilled on a single small island in Poole Harbour, according to official data analysed by DrillOrDrop.
In 2024 the country’s highest court ruled on the climate impact of UK onshore oil and gas production, with tumultuous results for the industry.
Campaigners are urging a council to insist on the speedy restoration of a suspended oil site in West Sussex where decommissioning deadlines have been missed.
Keep up to date with October 2024’s news with our digest of daily updated headlines about the business, regulation and campaigns around UK fracking, shale, and onshore oil and gas.
Revenue from oil and gas is funding Star Energy’s move to geothermal energy, company accounts have revealed.