Updated: UKOG funding resolutions passed
Investors in UK Oil & Gas plc have approved two resolutions aimed at raising money for the company’s hydrogen storage and production plans.
West Newton fracturing heading for approval
Plans to carry out a lower-volume hydraulic fracture at the West Newton-A oil and gas site in East Yorkshire look likely to get the go-ahead.
Review of 2024: landmark judgement sparks tumult for onshore oil and gas
In 2024 the country’s highest court ruled on the climate impact of UK onshore oil and gas production, with tumultuous results for the industry.
Chancellor confirms increase in oil and gas windfall tax
The UK’s first female chancellor, Rachel Reeves, confirmed in her budget today that the windfall tax on oil and gas profits will be increased.
August 2024 headlines
Keep up to date with August 2024’s news with our digest of daily updated headlines about the business, regulation and campaigns around UK fracking, shale, and onshore oil and gas.
CEO interview: “Onshore oil industry must generate cash for well decommissioning”
The UK onshore industry needs to raise money to plug and abandon hundreds of redundant oil wells as part of the energy transition, Angus Energy’s chief executive told DrillOrDrop.
Weald oil fields still emitting methane
Oil fields run by Star Energy, in or near the South Downs National Park, have been recorded emitting climate-changing gases for the third time.
Saltfleetby gas storage plans to be accelerated as Angus Energy agrees £20m debt facility
The operator of the Saltfleetby gas field, Angus Energy, has agreed a £20m debt facility.
George Lucan to step down as Angus Energy chair
The executive chair of Angus Energy, George Lucan, is to step down next month.
Saltfleetby gas production lifts profits at Angus Energy
Gas production at Saltfleetby in Lincolnshire helped to generate revenue of nearly £16.5m for Angus Energy in the six months to March 2023. This compared to £27,000 for the same period in 2022.
DRILL OR DROP? 