UKOG gets help to farmout Loxley drilling project
UK Oil & Gas (UKOG) has appointed a company to help farmout up to half its interest in the Loxley gas project in Surrey.
UK Oil & Gas (UKOG) has appointed a company to help farmout up to half its interest in the Loxley gas project in Surrey.
Falling production at the Horse Hill well in Surrey cut revenue for UK Oil & Gas plc last year.
The deadline to start drilling a gas exploration well in Surrey has been extended again.
UK Oil & Gas has revived a bid to reorganise its share capital, needed to raise money for future projects, including a gas site in Surrey.
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.
The arguments at the centre of a landmark legal challenge to UK onshore oil production have secured a separate historic court win against the Norwegian government.
Opponents of gas exploration near the Surrey village of Dunsfold have been refused permission for a further appeal.
A company that wants to delay restoration of an oil well to explore using geothermal heat for tea growing has been accused of “clutching at tea leaves”.
A suspended oil site in West Sussex, where no work has been carried out for nearly six years, could supply geothermal heat for farming, including tea production, according to new plans.
DrillOrDrop’s checklist of what to look out for in 2024 on UK onshore oil and gas. You can also catch up with the headlines from 2023 in our review of the year.