UK tax benefits boost finances of Cuadrilla’s Australian owner
The Australian mining company that owns Cuadrilla is back in profit, partly thanks to benefits from the UK tax system.
No immediate production peak after Horse Hill workover – new data
An operation to improve the flow of oil at the Horse Hill site in Surrey failed to return production volumes quickly to initial peaks.
Angus Energy to seek new drilling target at Lidsey
Wells drilled at the Lidsey wellsite in West Sussex were probably on the edge of the oil reservoir, rather than the crest, the site operator has announced.
Union Jack seeks to “attract new investors” with share consolidation
The largest investor in the Wressle oil field, Union Jack Oil, is seeking to enhance its image and attract a wider group of investors by reducing the number of shares in the company.
Third Energy to begin decommissioning of North Yorks gas site
Third Energy has announced it is to use new techniques to plug and abandon its Malton A gas site in Ryedale, North Yorkshire.
IGas quits Mayfair HQ in cost cutting
IGas has given up its headquarters in London’s Mayfair, the exploration and production company formally announced today.
Horse Hill oil production drops during workover – latest data
The impact of an operation to improve oil flows at one of the UK’s newest production wells has been revealed in the most recent data.
Egdon announces start of oil flow at Wressle
The operator of the Wressle site in North Lincolnshire has announced oil flow had begun.
West Newton: New drilling and testing plans plus £4.7m fundraising
Another well at Rathlin Energy’s West Newton-B site is due to be drilled in the second half of 2021, according to an update to shareholders today.
Angus Energy raises £1.5m in share placing
Angus Energy reports it has raised £1.5m in a placing of 150 million ordinary shares.
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