No more onshore oil/gas licences – government consultation
The government has defended plans to end the issuing of new onshore oil and gas licences in England.
“Uncertainty” over Cuadrilla’s finances
There is “material uncertainty” over the finances of companies in the Cuadrilla oil and gas group, annual accounts have revealed.
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.
Star Energy’s revenue hit by oil and gas price falls
Lower commodity prices hit Star Energy last year, the company revealed today in annual accounts.
Cuadrilla cuts value of oil and gas assets
The only company to frack horizontal shale gas wells onshore in the UK has cut the value of its exploration assets.
Autumn statement sets out tax plans for oil and gas
The chancellor, Jeremy Hunt, confirmed today the end date for the windfall tax on oil and gas profits, more formally known as the energy profits levy (EPL).
Profits down at Star Energy and Union Jack
Star Energy and Union Jack Oil have reported falling profits in interim accounts published this week.
February 2023 headlines
Keep up to date with February 2023’s news with our digest of daily updated headlines about the business, regulation and campaigns around UK fracking, shale, and onshore oil and gas.
COP27: UN secretary-general calls for windfall tax on fossil fuel companies
The UN secretary-general has called on all industrialised countries to tax the windfall profits of fossil fuel companies.
Cuadrilla’s owner spent $1m+ in UK in 2021 despite operations “on hold”
The Australian owner of the shale gas company, Cuadrilla, spent $1.107m in the UK in 2021 (about £655,000 at current rates), even though its licences were “on hold” because of the fracking moratorium.
DRILL OR DROP? 