IGas 2020 accounts reveal cost of Covid-19
IGas saw revenue drop by nearly half last year following production cuts and a falling oil price during the Covid-19 pandemic.
Angus to borrow £12m for Saltfleetby
Angus Energy is looking to borrow up to £12m to redevelop the Saltfleetby gas field in Lincolnshire.
IGas reveals impact of Covid-19
IGas blamed the Covid-19 outbreak and a low oil price for falls in production and revenue, along with a rise in debt, in the first half of the year.
UKOG announces plan to boost production from “Gatwick Gusher”
UK Oil & Gas said today it would reperforate the Portland section of its first well at the Horse Hill oil site in Surrey.
UKOG announces OGA production consent for Horse Hill oil site
UKOG has announced that it has consent for long-term production from its Horse Hill site in Surrey from the Oil & Gas Authority (OGA).
Rathlin Energy’s £33.9m debt “casts doubt” over company viability – accounts
The exploration company, Rathlin Energy, owed nearly £34m, according to annual accounts published yesterday (7 November 2018).
Centrica payment puts Cuadrilla in profit
The shale gas company, Cuadrilla, has recorded an annual profit for the first time following a multi-million dollar payment from partner, Centrica.
New application for Wressle oil site and £0.85m half-year loss – Egdon accounts
Egdon Resources has confirmed it has made a new planning application for its Wressle oil site near Scunthorpe.
IGas in talks with bondholder Trans European Oil & Gas and new investors
IGas confirmed this morning it was having discussions with Trans European Oil & Gas, thought to be a leading holder of its secured debt.
Cuadrilla losses mount to $17.6m
The shale gas company, Cuadrilla, has announced a loss of $17.671m for the 12 months ending 31 December 2015, up from $11.568m on the previous year.
DRILL OR DROP? 