UKOG announces accounts delay and trading suspension
The onshore oil company at the centre of a landmark Supreme Court judgement has announced trading would be suspended because its annual accounts would not be published on time.
The onshore oil company at the centre of a landmark Supreme Court judgement has announced trading would be suspended because its annual accounts would not be published on time.
The government has defended plans to end the issuing of new onshore oil and gas licences in England.
2024 UK onshore oil production fell for the 11th consecutive year to the lowest level for 37 years, according to official data published this week.
The volume of UK onshore oil produced in December 2024 was up 5% , compared with the month before, almost topping the record for the year.
Decommissioning of Cuadrilla’s mothballed fracking wells is due to get underway within days after a crane was delivered to the site near Blackpool.
The decision over plans to extract oil in the Lincolnshire Wolds looks likely to be delayed.
Production at the Horndean oilfield in Hampshire increased last month (January 2025) following a workover in late 2024, a partner has reported.
UK production of onshore oil was up in November 2024 but onshore gas was down, according to official figures just released.
There is “material uncertainty” over the finances of companies in the Cuadrilla oil and gas group, annual accounts have revealed.
A landmark legal judgement on the climate impact of onshore oil has forced the UK’s first ever formal assessment of carbon emissions from burning hydrocarbons.