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.
A UK onshore oil and gas company could be bought up by the investment company Metal NRG by the end of the summer.
Two Extinction Rebellion activists have denied charges of aggravated trespass at the Horse Hill oil production site in Surrey.
UK Oil & Gas has said it could stimulate or sidetrack its second oil well at Horse Hill in Surrey to achieve long-term production.
Dunsfold residents have welcomed a county council vote to refuse plans to drill near their Surrey village.
IGas has announced redundancies, including the chief finance officer, in a £1m cost-cutting programme.
Union Jack Oil plc is to pay £500,000 to become the largest single investor in the Wressle oil field in North Lincolnshire.
UK Oil & Gas said today it would reperforate the Portland section of its first well at the Horse Hill oil site in Surrey.
Complex geology in one of the UK’s leading shale gas regions places a major constraint on exploration and production, scientists have concluded.
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