Production and revenue down at Angus Energy – annual accounts
Revenue and gas production at Angus Energy fell in 2025 compared with the year before.
Revenue and gas production at Angus Energy fell in 2025 compared with the year before.
The company behind the mothballed Horse Hill oil site in Surrey suspended share trading at 7.30am this morning because of delays to its annual report.
Cuadrilla has announced two of its subsidiaries are to cease trading.
The UK onshore industry drilled no oil and gas wells during 2025, according to official data.
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 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”.
Ambitious claims about potential production from a shale gas discovery in Lincolnshire have been described as “so misleading as to be ridiculous”.
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.
The UK’s shortest serving prime minister has called for a revival of fracking for shale gas.
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.