Star Energy looks for new oil and gas opportunities
Star Energy, the oil and gas operator with multiple UK onshore sites, is planning to expand its portfolio, according to company accounts.
Star Energy, the oil and gas operator with multiple UK onshore sites, is planning to expand its portfolio, according to company accounts.
2024 UK onshore oil production fell for the 11th consecutive year to the lowest level for 37 years, according to official data published this week.
Revenue from oil and gas is funding Star Energy’s move to geothermal energy, company accounts have revealed.
Lower commodity prices hit Star Energy last year, the company revealed today in annual accounts.
UK onshore gas production rose 6% in January 2024, with the second consecutive monthly increase at the leading field, Saltfleetby.
Onshore oil and gas production fell in August 2023, with a drop in extraction at the leading sites at Wytch Farm, Wressle and Saltfleetby.
Almost a fifth of UK onshore production fields have extracted no oil or gas in the past five years, according to analysis by DrillOrDrop.
Star Energy and Union Jack Oil have reported falling profits in interim accounts published this week.
One of the UK’s leading would-be fracking companies appears to be turning away from shale gas.
Surrey council planners have recommended refusal of plans by IGas for hydrogen production in the green belt.