Government ban on new onshore oil and gas licences
The UK government has confirmed there will be no new licences for onshore oil and gas in England.
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.
Rathlin gets more time to raise cash for West Newton drilling – annual accounts
The cash-strapped oil and gas company, Rathlin Energy, has won more time to secure funds to meet its drilling commitments.
UKOG accounts delayed again
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.
Profits down at Union Jack
Gross profits at Union Jack Oil fell 40% in 2024, compared with the year before, annual acounts revealed today.
£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.
UKOG reports increase in Horndean oil production
Production at the Horndean oilfield in Hampshire increased last month (January 2025) following a workover in late 2024, a partner has reported.
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.
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.
Reaction to oil and gas plans in King’s Speech
The government’s much trailed plan to require annual oil and gas licensing rounds for the North Sea was included in the King’s Speech today.
DRILL OR DROP? 