UKOG accounts look beyond Weald oil and gas
UK Oil & Gas plc is investigating international oil and gas projects and renewable schemes at home, the company’s annual accounts said today.
£9.9 billion still invested in fossil fuels by local government pension funds
Billions of pounds remain invested in fossil fuels through local government pension funds, even though three-quarters of councils have declared a climate emergency, a new report reveals.
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).
IGas announces $35m investment and restructuring plan
The private equity company, Kerogen Capital, is proposing to invest US$35m in IGas, it was announced this morning. The deal depends on a restructuring of IGas’s bonds and may require approval from the Takeover Panel.
IGas talks to potential investor ahead of predicted breach of commitments
IGas said this morning it was having talks with a “potential strategic investor” as it headed towards a predicted failure to meet financial obligations.
DRILL OR DROP? 