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.
A leading geologist has warned that plans for lower-volume fracking in northern England could cause earthquakes as large and unpredictable as high volume operations.
Planning consent at the controversial Balcombe oil site in West Sussex has lapsed, officials confirmed today.
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.
The UK onshore industry drilled no oil and gas wells during 2025, according to official data.
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The government risks undermining its goals to cut methane emissions without stricter regulations on onshore oil and gas operations, environmental campaigners have argued.
UK onshore gas production fell to its lowest level in July 2025 since November 2023.
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 UK government is being urged to adopt tough controls in the coming weeks on methane releases from the oil and gas industry.