Two Cuadrilla companies to cease trading
Cuadrilla has announced two of its subsidiaries are to cease trading.
Cuadrilla has announced two of its subsidiaries are to cease trading.
Europa Oil & Gas Limited has been making headlines since it announced controversial plans a year ago for gas drilling and lower-volume fracking in the North Yorkshire village of Burniston, near Scarborough.
Two of the companies behind controversial proposals to drill for gas near the North York Moors National Park are looking to raise more than £6.5m for the scheme.
The cash-strapped oil and gas company, Rathlin Energy, has won more time to secure funds to meet its drilling commitments.
There is “material uncertainty” over the finances of companies in the Cuadrilla oil and gas group, annual accounts have revealed.
Falling production at the Horse Hill well in Surrey cut revenue for UK Oil & Gas plc last year.
Oil production from the Wressle field in north Lincolnshire helped boost annual revenue by 349% for Union Jack, the company said today.
Egdon Resources increased oil production by 27% in the second half of 2022, thanks to the Wressle field in North Lincolnshire.
New plans are underway to drill for more oil and gas at Wressle in North Lincolnshire.
The Wressle production site in Lincolnshire has helped Europa Oil & Gas quadruple its annual revenues.