UKOG reveals reasons for Weald licence surrender
An official report by UK Oil & Gas plc reveals why it gave up a licence to develop hydrocarbons in parts of Surrey and West Sussex.
Delayed UKOG accounts reveal £35m cut in value of oil assets
Long-awaited annual accounts for UK Oil & Gas plc show a £35m drop in the value of the company’s oil and gas assets.
Ex chancellor “delighted” at end of licence for “ridiculous” gas scheme
Sir Jeremy Hunt, the former chancellor, has welcomed news that an oil and gas company has surrendered its exploration rights in his Surrey constituency.
May 2024 headlines
Keep up to date with May 2024’s news with our digest of daily updated headlines about the business, regulation and campaigns around UK fracking, shale, and onshore oil and gas.
UKOG gets help to farmout Loxley drilling project
UK Oil & Gas (UKOG) has appointed a company to help farmout up to half its interest in the Loxley gas project in Surrey.
Horse Hill production fall hits UKOG revenue
Falling production at the Horse Hill well in Surrey cut revenue for UK Oil & Gas plc last year.
Breaking: “Enough is enough” – councillors call time on UKOG’s Broadford Bridge oil site
A West Sussex oil site that has been mothballed since 2018 has been refused more time.
Council planners back two more years at Broadford Bridge oil site
The life of a mothballed exploration site should be extended for another two years to allow an oil company to review data from two other wells in southern England, council planners have recommended.
Updated: UKOG pushes ahead with share plan to raise money for Loxley gas site
UK Oil & Gas has revived a bid to reorganise its share capital, needed to raise money for future projects, including a gas site in Surrey.
Updated: UKOG abandons Turkish well test and announces new fundraising plans for Loxley
UKOG shares dropped more than a third today on news that the company had abandoned testing the Pinarova-1 well in Turkey. The company said it was “disappointed” that the well had not met its expectations.
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