Egdon shares rise 80%+ as it agrees to £27m takeover
Egdon Resources, the company behind the UK’s newest onshore oil producer, announced this morning it has agreed to a takeover by Petrichor Partners.
The falling value of the Gatwick Gusher
The Gatwick Gusher oil well, once said to be of national significance, has been downgraded in value for the third time by its owner.
2022 UK onshore oil production sinks to lowest level for 34 years
Onshore oil production in the UK in 2022 slumped to the lowest level since 1989.
Cuadrilla’s bid to delay restoration of Lancashire fracking site – details published
Plans by Cuadrilla for a two-year delay in restoring its controversial fracking site near Blackpool were published today.
Grid can take Loxley gas – UKOG
The gas network could accept potential supplies from UKOG’s proposed site in Surrey, the company said today.
Fracking firms not trusted by local communities, study reveals
Most people living near two proposed shale gas sites did not trust information from fracking companies, research has shown.
Angus Energy seeks to import radioactive waste for disposal at Brockham
An oil company wants to truck radioactive liquid about 40 miles to dispose underground at a site near Dorking in Surrey.
Losses widen at Ineos shale company
Ineos Upstream, the company holding the largest number of shale gas licences in England, declared a loss of £3.679m in 2021. This was up more than 60% on the loss of £2.279m the year before.
“Largely non-operational” Cuadrilla profits from tax relief
Tax relief has pushed the shale gas company, Cuadrilla, into profit, company accounts have revealed.
Eight new wells for East Yorkshire’s West Newton gasfield – plan unveiled
The first of eight new horizontal wells to exploit the West Newton gasfield in East Yorkshire could be drilled within months, it was revealed today.
DRILL OR DROP? 