A company’s bid to drill for oil on the Isle of Wight has been opposed again by the local MP.
UK Oil & Gas has announced it has raised £5m in a placing, prompting a sharp fall in the share price.
A public consultation opened today on the environmental impact of plans to revive oil exploration on the Isle of Wight.
UK Oil &Gas has issued more than 262 million shares to pay the final instalment of the cost of surface production equipment at its Horse Hill oil site in Surrey.
The weald-based drilling company, UK Oil & Gas, is seeking support for a share issue to fund new drilling in Turkey.
People are being invited to comment on changes to the environmental permit for the Horse Hill oil site in Surrey.
A public inquiry into plans for gas exploration wells near the Surrey village of Dunsfold is due to be held this summer.
The Environment Agency is being urged to oppose oil drilling plans on the Isle of Wight after its leader said “fast thinking” was needed to tackle climate change.
UK Oil & Gas announced this morning that it had lodged an appeal against the refusal of planning permission for its proposed Loxley gas exploration site near the village of Dunsfold in Surrey.
Opponents of a High Court injunction against protests at oil sites in southern England are celebrating news that it is being scaled back.