The small village of Dunsfold in Surrey could be on the UK’s second biggest onshore gas field, an exploration company said this morning.
Union Jack Oil has raised £7m for work at oil sites in the East Midlands and future acquisitions.
Redundant oil and gas wells could be used for geothermal energy, the would-be fracking company, IGas, said in an announcement this morning.
The new company that will lead UKOG’s plans to explore for oil in Turkey inherits its name in a complex journey, thousands of miles away in southern England.
Losses in Union Jack Oil more than doubled in the first half of 2020, compared with the same period last year.
Senior figures from Cuadrilla’s backers in Australia and Hong Kong have been appointed to the company’s boards.
Production at the Horse Hill oil site in Surrey fell by 25% in May 2020, according to the most recent figures released by regulators today.
A major cut in investment in the shale gas company, Cuadrilla, is likely in the coming months, its owner has predicted.
Rathlin Energy has announced plans for two new exploration sites in East Yorkshire.
A convoy of equipment under police escort arrived at Rathlin Energy’s West Newton oil exploration site in East Yorkshire yesterday (17 August 2020).