Crogga has confirmed that it wont complete a project to extract gas from a field off the coast of the Island.
The company says it believes it has been put in an unreasonable commercial position and it
It adds that no responsible gas exploration company should take on the significant timing and financial risks that it is being asked to bear.
The company was granted a license to start the project in 2018 but it expired yesterday.
Commissioners say “pick up your pooch’s poop!”
Historic Manx one-pound notes up for auction
Is the Island ready for 100,000 people?
Set your alarms! Young Farmers Concert tickets on sale this weekend
Treasury Minister says a tax threshold rise could cost £2.5m
Snow shuts the Mountain Road
Stop putting knives in recycling, says council
Bee Gees to release limited-edition box set