UKOG sells Horse Hill stake in £1m deal
UK Oil & Gas is selling its stake in the troubled Horse Hill production site and licence, the company’s last remaining hydrocarbon interest.
UK Oil & Gas is selling its stake in the troubled Horse Hill production site and licence, the company’s last remaining hydrocarbon interest.
The company behind the suspended oil site that is subject of a landmark Supreme Court ruling has reported declining assets and revenue.
Waste fluid from oil wells across southern England can be tankered to a village in the Surrey green belt, where it will be pumped underground, councillors decided this morning.
Annual UK onshore oil production has fallen again, continuing a downward trend in 2021 that began in the 1990s.