Delayed UKOG accounts reveal £35m cut in value of oil assets
Long-awaited annual accounts for UK Oil & Gas plc show a £35m drop in the value of the company’s oil and gas assets.
Funding shortfall casts doubt over Rathlin Energy’s future
Rathlin Energy does not have enough money to meet its drilling and abandonment commitments in East Yorkshire, according to annual accounts published today.
“No new fossil fuel projects compatible with stable climate” – campaign group
Opponents of fossil fuel developments in southern England have described the government’s climate criteria for future oil and gas licences as “inherently flawed”.
IGas fracking site at Ince Marshes in doubt
Plans by IGas to drill and frack for shale gas on Ince Marshes in Cheshire appear to have been shelved.
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).
DRILL OR DROP? 