UKOG issues 637m new shares to fund cuts in the cost of oil production
The company behind oil production at Horse Hill in Surrey has raised £1.275m in a share placing to pay for cost cuts.
The company behind oil production at Horse Hill in Surrey has raised £1.275m in a share placing to pay for cost cuts.
Life must be made difficult for oil and gas companies that increase – or fail to reduce – carbon emissions, Lancashire anti-fracking campaigners have argued.
Results from the latest government survey on fracking shows that public opposition has risen to its highest level so far and support dropped to a record low.
The company behind the Horse Hill exploration site near Gatwick Airport has released details of plans to drill four more wells to produce oil for 20 years.
A government report which concluded that shale gas extraction increases air pollution was unpublished for three years and then released just after ministers approved fracking in Lancashire.
Support for fracking in the UK has fallen to its lowest level, according to a regular public opinion poll for the government.