Oil and gas earnings down 38% at Star Energy
The oil and gas company, Star Energy, said this week it was under increasing strain in a challenging operating environment.
UKOG sells subsidiary
UK Oil & Gas plc (UKOG) announced this morning that it had sold one of its subsidiary companies.
Doubts over Angus Energy future cashflows
The operator of the UK’s largest onshore gasfield is facing doubts over its ability to continue as a going concern.
E Midlands fracks could supply 3m homes in a year and be less prone to earthquakes- IGas
The shale gas company, IGas, said today it could drill 80 wells by this time next year, with the “right government support”.
IGas CEO leaves immediately
Stephen Bowler, who has been chief executive of IGas for the past seven years, is leaving immediately by mutual consent.
UKOG gives up Isle of Wight licence
UK Oil & Gas has revealed that it has given up its licence to explore for hydrocarbons on the Isle of Wight.
Wressle oil boosts Europa’s half-year accounts
Europa Oil & Gas has claimed its strongest interim financial performance for seven years, driven by oil production from the Wressle site in North Lincolnshire.
IGas writes off £10m from shale gas exploration but still seeks end to fracking moratorium
IGas has confirmed it has relinquished the Tinker Lane shale gas licence in Nottinghamshire and written off £10m in exploration costs. But the company said it was continuing to work with regulators and government to end the moratorium on fracking in England.
UKOG reports £1m+ loss in six months
UK Oil & Gas plc has reported an operating loss of £1.02m for the six months to the end of March 2021.
Losses widen at Union Jack Oil
Losses in Union Jack Oil more than doubled in the first half of 2020, compared with the same period last year.
DRILL OR DROP? 