IGas Energy plc’s revenues halved to £10.5 million during the six months to June 2020 compared with the same period last year of £22.1 million. The oil and gas company, which recently acquired geothermal developer GT Energy, also announced it would also consider adding new technologies to its existing business. Interim results showing EBITDA at […]
Tag: oil and gas
Offshore oil and gas licence review will ensure net zero
The Government is to review its policy on the UK’s future offshore oil and gas licensing regime as part of its plans to achieve net zero emissions by 2050. Initial findings and next steps will be published in the forthcoming Energy White Paper. More than half of the UK’s electricity comes from renewables including wind […]
Egdon granted more time to drill North Kelsey-1
Egdon Resources Ltd has been granted more time to drill PEDL241, containing the North Kelsey-1 well in Lincolnshire. EXTENSION Operator Egdon holds 80% and Union Jack Oil plc 20% in the licence. Lincolnshire County Council first granted temporary planning permission to drill an exploratory conventional oil in 2014. Egdon has now been given a further […]
UKCS production losses fall 25% as efficiency rises
The UK Continental Shelf (UKCS) last year saw an improved production efficiency for the seventh consecutive year and for 2019 reached 80%, three years ahead of the 2022 target. REGIONS Figures from the 2019 Production Efficiency Report by the Oil and Gas Authority (OGA) show an increase of five percentage points from 2018, with every […]
Angus submits revised plans for extended well test at Balcombe
Angus Energy plc has submitted revised plans for an extended well test and ruled out any use of hydraulic fracturing at the Balcombe oil field near Crawley in Sussex. LIMESTONE Local residents have protested against the project and slowed vehicles entering the site. “As previously, the company would like to make clear once more that […]
Angus to divert Saltfleetby pipeline onto National Grid
Angus Energy plc is to extend and divert its existing gas pipeline at Saltfleetby on the East Lincolnshire coast onto the nearby National Grid entry point. COMMISSIONING The county council granted permission for the work in onshore Saltfleetby gas field, which involves extending the pipe by 750 metres, to the Theddlethorpe gas rerminal (TGT). Angus […]