Wressle oil delivers first Union Jack annual profit
Oil production from the Wressle field in north Lincolnshire helped boost annual revenue by 349% for Union Jack, the company said today.
New pumps predicted to increase Horndean oil by 7 barrels a day
Oil production at the IGas field at Horndean in Hampshire is expected to rise this year following the introduction of new pumps, one of the partners has said.
Older people drive increasing support for fracking – government survey suggests
Opposition to fracking continues to exceed support, according to the annual government survey of public attitudes published today. But support has increased since the last survey a year ago and opposition has fallen.
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.
UK onshore oil production falls for seventh year in 2021
Annual UK onshore oil production has fallen again, continuing a downward trend in 2021 that began in the 1990s.
Study: Emissions from 40 planned fossil fuel projects would be nearly three times as much as the UK emits in a year
New research, published within days of the start of Cop26 climate talks, reveals that 40 oil, gas and coal projects have been submitted for approval in the UK.
Redundancies at IGas in £1m cost cutting
IGas has announced redundancies, including the chief finance officer, in a £1m cost-cutting programme.
North west shale write-offs push up losses as IGas focusses on East Midlands
Losses in IGas more than doubled in 2019 to more than £50m as the company turned its back on shale exploration in north west England, annual accounts have revealed.
Centrica payment puts Cuadrilla in profit
The shale gas company, Cuadrilla, has recorded an annual profit for the first time following a multi-million dollar payment from partner, Centrica.
DRILL OR DROP? 