Cuadrilla owner raises new funds for UK fracking
The Australian owner of shale gas company Cuadrilla has raised $19.7m (£11.79m) in a share placing.
Losses widen at Ineos shale company
Ineos Upstream, the company holding the largest number of shale gas licences in England, declared a loss of £3.679m in 2021. This was up more than 60% on the loss of £2.279m the year before.
Shares fall on West Newton gas production update
Any commercial gas production at West Newton in East Yorkshire is about four years away, companies behind the plans revealed this morning.
UK oil and gas production set to miss emissions target in 2030
Carbon emissions from UK oil and gas production fell by more than a fifth from 2018-21, the industry regulator said in a report published today. But the sector is not on course to meet its emissions reduction target in 2030 and carbon pollution per gallon of oil actually […]
Latest onshore oil production – June 2022
DrillOrDrop’s review of the latest UK onshore oil data for June 2022: daily onshore oil production was still at historically low levels, despite increasing oil prices.
Updated: New sidetrack well planned for Whisby oil field
Plans for a new sidetrack production well at the Whisby oilfield are being considered by Lincolnshire planners.
West Newton target switches back to gas
Rathlin Energy is apparently no longer targeting oil at its two sites at West Newton in East Yorkshire.
E Midlands fracks could supply 3m homes in a year and be less prone to earthquakes- IGas
The shale gas company, IGas, said today it could drill 80 wells by this time next year, with the “right government support”.
IGas CEO leaves immediately
Stephen Bowler, who has been chief executive of IGas for the past seven years, is leaving immediately by mutual consent.
Union Jack shares fall on Wressle estimates
Shares in Union Jack Oil fell more than 20% on the publication of an assessment of the Wressle oil field in North Lincolnshire this morning.
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