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.
Breaking: UKOG gives up on oil drilling at Arreton, Isle of Wight
UK Oil & Gas (UKOG) has announced it will not appeal against the refusal of planning permission for exploration near the village of Arreton on the Isle of Wight.
Cuadrilla spent $0.9m in six months on fracking strategies and licence admin
The shale gas company, Cuadrilla, spent $900,000 in six months last year mostly on strategies to lift the fracking moratorium and administer its UK licences, it emerged today.
DRILL OR DROP? 