UK fracking industry offers fixed gas price “to cut bills”
The organisation representing the UK shale industry has offered to fix gas prices to industry, transport and homes.
Lincolnshire oil schemes will not help energy crisis, say pilgrims
Plans by Egdon Resources to drill for oil in Lincolnshire will not cut energy bills, opponents said during a 17-mile pilgrimage between two proposed sites.
Saltfleetby: Rise in estimated revenue but delays expected in gas flow
Angus Energy has reported increased estimates of cash flow from its Saltfleetby site in Lincolnshire. But the company is likely to have to wait longer to see them with another delay in the date when gas is expected to flow.
Clean UK power will protect households from gas price rises – Kwasi Kwarteng
Consumers will be better protected from fluctuating gas prices as wind and solar provide more energy, the business secretary said today.
Horse Hill is a “talented but troublesome teenager”, says UKOG as it goes into the red
The Horse Hill oil field in Surrey, once described by its owner as world class, was likened today to a “talented but troublesome teenager”.
IGas 2020 accounts reveal cost of Covid-19
IGas saw revenue drop by nearly half last year following production cuts and a falling oil price during the Covid-19 pandemic.
Union Jack seeks to “attract new investors” with share consolidation
The largest investor in the Wressle oil field, Union Jack Oil, is seeking to enhance its image and attract a wider group of investors by reducing the number of shares in the company.
Angus Energy raises £1.5m in share placing
Angus Energy reports it has raised £1.5m in a placing of 150 million ordinary shares.
IGas to revisit spending plans as oil price rises
The exploration and production company, IGas, said today it was reviewing its capital spending plans with the increase in the oil price.
Losses mount at IGas
IGas declared a pre-tax loss of £59.1m for 2019 in its group annual results published today. This was up from £25.1m in 2018.
DRILL OR DROP? 