Losses widen at Ineos shale company
Ineos Upstream, the company holding the largest number of shale gas licences in England, declared a loss of £3.679m in 2021. This was up more than 60% on the loss of £2.279m the year before.
Onshore shale gas company closing
One of the winning companies in the most recent auction of onshore oil and gas licences is going out of business.
Government launches climate checklist for future oil and gas projects
The UK government is seeking views on new climate criteria that oil and gas projects must meet to be approved.
UKOG fails to win extra Turkish licences
The Weald-based UK Oil & Gas (UKOG) plc confirmed today its bid for three new licences in Turkey had been unsuccessful.
Ministers quizzed on fracking, climate change and conflicts of interest
Politicians have asked ministers about new fracking licences, the role of shale gas in UK energy and potential conflicts of interest for climate advisors.
Investor prepares to buy UK onshore oil and gas company
A UK onshore oil and gas company could be bought up by the investment company Metal NRG by the end of the summer.
Egdon faces joint threat of fracking moratorium, delays and low gas prices
The moratorium on fracking, along with planning delays and weak commodity prices are a challenge for the future, Egdon Resources has concluded
Shale gas “not compatible with decarbonisation targets” – Welsh planning policy
The Welsh government restated its commitment today to moving away from fossil fuel extraction and consumption.
OGA seeks views on assessing financial health of oil and gas companies
The regulator of oil and gas licensing has begun a consultation on how it plans to assess the financial strength of companies.
UKOG releases oil resource estimates as it considers change in company status
UKOG announced today it was considering changing its status from an investment company on the AIM junior stock exchange.
DRILL OR DROP? 