Profits down at Union Jack
Gross profits at Union Jack Oil fell 40% in 2024, compared with the year before, annual acounts revealed today.
£4m+ loss at Angus Energy – annual accounts
The UK’s biggest onshore gas producer has reported an annual loss of more than £4m, down more than 100% on the profit in the year before.
UKOG reports increase in Horndean oil production
Production at the Horndean oilfield in Hampshire increased last month (January 2025) following a workover in late 2024, a partner has reported.
Funding shortfall casts doubt over Rathlin Energy’s future
Rathlin Energy does not have enough money to meet its drilling and abandonment commitments in East Yorkshire, according to annual accounts published today.
Cuadrilla cuts value of oil and gas assets
The only company to frack horizontal shale gas wells onshore in the UK has cut the value of its exploration assets.
Reaction to oil and gas plans in King’s Speech
The government’s much trailed plan to require annual oil and gas licensing rounds for the North Sea was included in the King’s Speech today.
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.
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