Powering up Britain: How the UK will become carbon neutral by 2050 January 27, 2020 Net zero by 2050. At first blush, it sounds like a code phrase one would hear in the halls of MI6 or in the Ministry of Defence. But as British citizens or residents, we should remember it. In simple terms, it is a declaration by Britain to become carbon neutral in 30 years. This may [...]
Oil industry to spend £15bn on North Sea decommissioning November 26, 2019 The UK oil and gas industry is set to spend more than £15bn on decommissioning activity in the North Sea over the next decade, as thousands of wells are expected to be withdrawn from service by 2030. According to a new report from industry body Oil and Gas UK (OGUK), 2,379 wells will be decommissioned [...]
Jersey Oil & Gas hails ‘transformational’ North Sea oil field award July 22, 2019 Jersey Oil & Gas, an independent drilling company, was today awarded the right to operate North Sea oil fields containing more than 100m barrels of discovered oil. The company’s shares rocketed 136 per cent today as it hailed the award as the “most significant event for JOG [Jersey Oil & Gas] since its inception”. Read [...]
Where to invest following stock market carnage: Europe and China top the experts’ buy lists September 9, 2015 Global stock markets took a battering this summer. At one point, nearly $2 trillion had been wiped off the value of shares across markets as diverse as Germany, China, the US and Argentina. The falls were trigged by worries over the state of China’s economy. Although Chinese companies make up only a small part [...]
North Sea boost: Maersk gets production on Culzean gas field approved by UK Oil & Gas Authority August 31, 2015 Maersk has got a green light for production on the largest gas field found in the North Sea for a decade. The UK Oil & Gas Authority has given the Danish energy company the go-ahead on the Culzean gas field, which is expected to hold some 250m barrels of oil. Once it reaches peak production, [...]
UK Oil & Gas share price rises as new survey suggests there are 11bn barrels of oil at Horse Hill August 26, 2015 Another day, another survey of oil reserves under the 55 square mile areas in Horse Hill, near Gatwick, owned by maverick oil explorer UK Oil & Gas (Ukog). Nicknamed the "Gatwick Gusher" after a now-famous suggestion there were up to 100bn barrels of oil in that area, Ukog said today a new survey by Schlumberger, [...]
UK Oil and Gas Investments share price slips as chairman David Lenigas leaves and chief Stephen Sanderson steps up July 8, 2015 The chairman of the UK firm exploring oil at Horse Hill near Gatwick, known as the "Gatwick gusher", is stepping down. David Lenigas is leaving UK Oil and Gas Investments (UKOG) where he will be replaced by chief executive Stephen Sanderson. "It is my policy to step down from the boards of companies once I believe [...]
UK Oil & Gas share price drops as firm strikes farm-in deal with Edgon Resources June 29, 2015 Shares in UK Oil & Gas Investments (UKOG) tumbled yesterday after the firm announced it has increased its interest in the Weald Basin, where the so-called Gatwick Gusher is located, through a farm-in agreement with Egdon Resources. UKOG has bought a 20 per cent interest in an onshore licence located to the immediate west of [...]
UK Oil & Gas share price jumps as new report shows “significant” oil volumes in Horse Hill June 18, 2015 Horse Hill – the so-called "Gatwick Gusher" – could have as many as 9.25bn barrels of oil sitting underneath it, a report has suggested. Shares in UK Oil & Gas (UKOG), the oil explorer whose share price has yoyoed in response to speculation over the site, near Gatwick, opened 14 per cent higher today, after [...]
“Gatwick Gusher” firm UK Oil & Gas share price rises as it extends Isle of Wight exploration license June 15, 2015 Shares in UK Oil & Gas (UKOG), the oil exploration company whose shares rocketed earlier this month after it suggested the amount of oil at its Horse Hill well near Gatwick was almost twice as much as previously thought, jumped 4.2 per cent to 2.37p as the market opened, after it was granted a year-long [...]