Angus Energy anticipates first gas from its redevelopment in Saltfleetby this summer
UK onshore shows further signs of life
Producers continue to be upbeat on a previously neglected sector, despite unconsummated M&A
UK independent Angus Energy is targeting the start of June for first gas from its onshore Saltfleetby gas field redevelopment. And it still has “two actively interested parties” at a licence level for all or part of its 51pc stake in the asset, despite the April collapse of a takeover bid from peer Sound Energy. Startup at Saltfleetby on this timetable will “allow for one full month of production at current high spot prices before the company’s obligations to deliver volumes at the hedge price commence at the end of June”, Angus says. The firm initiated in January a review of its strategic options including, but not limited to, a sale of the company. But, since then, “confidence in our abil
Also in this section
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
28 April 2026
Datacentres will guzzle power at a ferocious rate, but the impact on wider energy markets will be far more complex than previously thought
28 April 2026
The key energy player faces balancing regional routes, political complexities, and creating a clear strategic vision for energy security
