UKOG shares dropped more than a third today on news that the company had abandoned testing the Pinarova-1 well in Turkey. The company said it was “disappointed” that the well had not met its expectations.
Two directors of an oil firm have retired after “consultation with shareholders” and the entire board of a second company faces a call for its replacement.
The company which operates the mothballed oil site at Balcombe in West Sussex has been accused of misrepresenting history in a comment on fracking.
The workover of the well at the UK’s newest producing onshore oilfield has been “successfully concluded”, one of the partners reported today.
Balcombe residents have failed in their legal challenge against testing at the oil site in their village.
Oil-based drilling muds will be allowed on a new well in East Yorkshire, one of the companies involved said this morning.
The UK’s only fracked horizontal shale gas wells must be decommissioned, the industry regulator said today.
Opponents of new drilling for oil and gas have criticised the prime minister’s promise to grant “hundreds” of new licences.
Opponents of oil exploration and production at North Kelsey in Lincolnshire have criticised Egdon Resources for its eleventh-hour withdrawal from an appeal hearing.
The Gatwick Gusher oil well, once said to be of national significance, has been downgraded in value for the third time by its owner.
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