IGas cuts value of shale assets and opts not to sue government over fracking moratorium
One of the UK’s leading would-be fracking companies appears to be turning away from shale gas.
Revenue quadruples at Europa Oil & Gas
The Wressle production site in Lincolnshire has helped Europa Oil & Gas quadruple its annual revenues.
“Largely non-operational” Cuadrilla profits from tax relief
Tax relief has pushed the shale gas company, Cuadrilla, into profit, company accounts have revealed.
UKOG gives up Isle of Wight licence
UK Oil & Gas has revealed that it has given up its licence to explore for hydrocarbons on the Isle of Wight.
Renewables company takes over fracking firm to rescue stranded assets
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.
Wressle well test nets Union Jack $300,000 – company report
Union Jack Oil reported today it had made about US$300,000 (£217,000) from test production at the Wressle well in North Lincolnshire.
Horse Hill operator declares £17.8m loss
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 reports £1m+ loss in 2020
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 raises £1.5m in share placing
Angus Energy reports it has raised £1.5m in a placing of 150 million ordinary shares.
Ineos cuts £63+m from value of UK shale assets because of fracking moratorium
Ineos’s shale gas business has cut the value of its exploration assets to zero following the government moratorium on fracking in England.
DRILL OR DROP? 