Shrinking assets and cash – UKOG delayed accounts
The company behind the suspended oil site that is subject of a landmark Supreme Court ruling has reported declining assets and revenue.
The company behind the suspended oil site that is subject of a landmark Supreme Court ruling has reported declining assets and revenue.
Star Energy oil revenues fell more than 20% in 2025, compared with the year before, according to annual accounts. The company also announced a share placing aimed at raising £8.4m.
Revenue and gas production at Angus Energy fell in 2025 compared with the year before.
Europa Oil & Gas Limited has been making headlines since it announced controversial plans a year ago for gas drilling and lower-volume fracking in the North Yorkshire village of Burniston, near Scarborough.
Long-awaited annual accounts for UK Oil & Gas plc show a £35m drop in the value of the company’s oil and gas assets.
The oil and gas company, Star Energy, said this week it was under increasing strain in a challenging operating environment.
Wells at two key sites in the UK’s failed shale gas revolution have been abandoned.
The UK’s biggest onshore gas producer has reported an annual loss of more than £4m, down more than 100% on the profit in the year before.
Revenue from oil and gas is funding Star Energy’s move to geothermal energy, company accounts have revealed.
Potential gas production from two sites in East Yorkshire would have a significantly lower carbon footprint than the UK average, according to new estimates.