The would-be fracking firm, Third Energy, has been acquired by a renewables company, which plans to use old gas wells to generate geothermal energy.
Union Jack Oil reported today it had made about US$300,000 (£217,000) from test production at the Wressle well in North Lincolnshire.
The operator of the Horse Hill oil site in Surrey lost nearly £18m in the year to September 2020 –a more than 15-fold increase on the year before.
Rathlin Energy, the operator of two oil and gas sites in East Yorkshire, has declared an annual loss in 2020 of £1,015,920. This was slightly smaller than the previous year.
Angus Energy reports it has raised £1.5m in a placing of 150 million ordinary shares.
Ineos’s shale gas business has cut the value of its exploration assets to zero following the government moratorium on fracking in England.
You can keep up with October’s news here with our digest of headlines about UK fracking, shale and onshore oil and gas, updated daily.
IGas declared a pre-tax loss of £59.1m for 2019 in its group annual results published today. This was up from £25.1m in 2018.
UK Oil & Gas plc said today it had delayed its capital expenditure programme because of the covid-19 outbreak.
The moratorium on fracking, along with planning delays and weak commodity prices are a challenge for the future, Egdon Resources has concluded