The new business secretary has formally reinstated the moratorium on fracking in England.
Shares in Union Jack Oil fell more than 20% on the publication of an assessment of the Wressle oil field in North Lincolnshire this morning.
Alba Minerals has downgraded the value of its investment in the Horse Hill oil field in Surrey by more than £1.43m.
The company behind oil drilling at Horse Hill in Surrey said this morning it had taken a licence stake in south east Turkey in the hope of “rapid monetisation” of reserves.
UKOG has announced that it has consent for long-term production from its Horse Hill site in Surrey from the Oil & Gas Authority (OGA).
Production at Angus Energy’s Saltfleetby gasfield and oil flow at Balcombe would “mark a turnaround in the group’s fortunes” and bring “material cash flow for the first time”, the company said today.
The Mayor of London, Sadiq Khan, has rejected the recommendation of the Planning Inspectorate to drop an anti-fracking policy from the London Plan.
UK shale gas reserves may be “markedly lower than previously thought”, according to research published today.
What is it? The Oil and Gas Authority (OGA) has taken over some regulatory functions from the Department of Energy and Climate Change for the onshore and offshore oil and gas industry in the UK.