Star Energy’s revenue hit by oil and gas price falls
Lower commodity prices hit Star Energy last year, the company revealed today in annual accounts.
Lower commodity prices hit Star Energy last year, the company revealed today in annual accounts.
The former fracking company, Cuadrilla, earned nothing for its Australian owner in the past 12 months but spent Aus$2.4m.
UK Oil & Gas plc reported an operating loss of £1.32m for the six months to the end of March 2023, slightly larger than the year before.
Cuadrilla’s Australian owner is to cut the value of UK shale gas exploration assets, following the reinstatement of the moratorium on fracking in England last year.
The COP27 climate conference ended in Egypt today with a landmark agreement to compensate poorer countries that are the victims of climate change. But there was little progress in tacking emissions from burning fossil fuels, the root cause of global warming.
Mia Mottley, the prime minister of Barbados, called today for oil and gas companies to contribute to the cost of climate change.
The UN secretary-general has called on all industrialised countries to tax the windfall profits of fossil fuel companies.
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.
The shale gas company, IGas, said today it could drill 80 wells by this time next year, with the “right government support”.
The East Yorkshire based oil and gas firm, Rathlin Energy, has said climate change will not affect its future operations.