Revenue quadruples at Europa Oil & Gas
The Wressle production site in Lincolnshire has helped Europa Oil & Gas quadruple its annual revenues.
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.
Union Jack reveals drilling plans and maiden profit
Union Jack Oil has revealed plans for two new wells next year, as it reported its first profit.
Cuadrilla’s owner spent $1m+ in UK in 2021 despite operations “on hold”
The Australian owner of the shale gas company, Cuadrilla, spent $1.107m in the UK in 2021 (about £655,000 at current rates), even though its licences were “on hold” because of the fracking moratorium.
“Climate change will not affect our operations” – Rathlin Energy
The East Yorkshire based oil and gas firm, Rathlin Energy, has said climate change will not affect its future operations.
“Largely non-operational” Cuadrilla profits from tax relief
Tax relief has pushed the shale gas company, Cuadrilla, into profit, company accounts have revealed.
Wressle oil helps lift Union Jack revenues by 1000%+ in 2021 – accounts
The leading partner in the Wressle oil site has reported an increase in revenues of 1099% in 2021, compared with the year before.
Updated: Increased prices and production turn loss to profit for Egdon Resources
The operator of the Wressle oil field in North Lincolnshire reported a 500% increase in oil and gas revenues in its latest interim accounts today.
80 fracking wells could supply 3 million homes in a year – IGas
IGas has estimated it could produce fracked gas for three million homes within 12-18 months if the fracking moratorium was lifted.
UKOG accounts look beyond Weald oil and gas
UK Oil & Gas plc is investigating international oil and gas projects and renewable schemes at home, the company’s annual accounts said today.
DRILL OR DROP? 