Spirit Energy Ltd has completed the sale of a 46.25% interest in the Cygnus gas field to Ithaca Energy plc. INTEREST The companies announced the transaction in May 2025. Spirit will receive a headline consideration of £116 million and the transfer of £99m associated decommissioning liabilities. The company retains a 15% interest in the field while […]
Day: 5 November 2025
UK Oil & Gas swings to a loss
UK Oil & Gas plc posted a swing to a loss and a decrease in group revenue for the first half of 2025. HORSE HILL Interim results showed gross losses amounted to £0.47 million compared with a £0.22m profit for H1 2024. The company said that the fall was due to a rise in the […]