Delayed UKOG accounts reveal £35m cut in value of oil assets
Long-awaited annual accounts for UK Oil & Gas plc show a £35m drop in the value of the company’s oil and gas assets.
Landmark ruling on oil and gas emissions is vulnerable – campaigner warns
The campaigner who won a landmark legal victory at the Supreme Court over the climate impact of burning oil and gas has warned that the judgement is “vulnerable”.
Questions over Heyco’s “outstanding” Gainsborough gas claims
Ambitious claims about potential production from a shale gas discovery in Lincolnshire have been described as “so misleading as to be ridiculous”.
2 onshore oil and gas wells drilled in 2023 – official data
Just two onshore oil and gas wells were drilled in 2023 – and one of them has already been abandoned. This is despite government policy to “max out” domestic resources.
“We need to get on with fracking” – Liz Truss
The UK’s shortest serving prime minister has called for a revival of fracking for shale gas.
Cuadrilla back in the red, value of shale gas assets to be cut
Cuadrilla’s Australian owner is to cut the value of UK shale gas exploration assets, following the reinstatement of the moratorium on fracking in England last year.
Horse Hill is a “talented but troublesome teenager”, says UKOG as it goes into the red
The Horse Hill oil field in Surrey, once described by its owner as world class, was likened today to a “talented but troublesome teenager”.
2019 – disappointing year for many onshore oil and gas investors
Shareholders in most UK onshore oil and gas companies could be forgiven for looking forward to the end of 2019.
Council planners recommend consent for flow testing at Broadford Bridge oil site
Planners at West Sussex Council have recommended granting planning permission for another 12 months at the Broadford Bridge oil exploration site near Billingshurst.
DRILL OR DROP? 