£4m+ loss at Angus Energy – annual accounts
The UK’s biggest onshore gas producer has reported an annual loss of more than £4m, down more than 100% on the profit in the year before.
Funding shortfall casts doubt over Rathlin Energy’s future
Rathlin Energy does not have enough money to meet its drilling and abandonment commitments in East Yorkshire, according to annual accounts published today.
Oil and gas pay the bills at Star Energy
Revenue from oil and gas is funding Star Energy’s move to geothermal energy, company accounts have revealed.
Prospects “worsened” for UK shale gas in 2024 – Cuadrilla
The only company to carry out high volume fracking onshore in the UK has said the prospects for the shale gas industry worsened in the past year.
Cuadrilla cuts value of oil and gas assets
The only company to frack horizontal shale gas wells onshore in the UK has cut the value of its exploration assets.
Spending doubles at Cuadrilla but no plans for future “substantive expenditure”
Cuadrilla’s Australian owner spent more than £0.75m in six months in the UK in 2023, more than double the amount in the previous year. But the company has no plans for future “substantive expenditure” on UK shale gas.
Reabold announces £4.4m payment from Shell
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.
Wressle oil earns Europa £5.3m – annual accounts
The Wressle oil field in North Lincolnshire earned Europa Oil & Gas £5.3m in the past year, the company reported this week.
Rathlin Energy needs more money for East Yorkshire drilling
Rathlin Energy, the company which runs oil and gas sites in East Yorkshire, is seeking extra funding to pay for drilling and testing obligations.
Cuadrilla earned nothing in 2023 but spent $2.4m – annual accounts
The former fracking company, Cuadrilla, earned nothing for its Australian owner in the past 12 months but spent Aus$2.4m.
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