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.
Shares fall on West Newton gas production update
Any commercial gas production at West Newton in East Yorkshire is about four years away, companies behind the plans revealed this morning.
UK oil and gas production set to miss emissions target in 2030
Carbon emissions from UK oil and gas production fell by more than a fifth from 2018-21, the industry regulator said in a report published today. But the sector is not on course to meet its emissions reduction target in 2030 and carbon pollution per gallon of oil actually […]
Latest onshore oil production – June 2022
DrillOrDrop’s review of the latest UK onshore oil data for June 2022: daily onshore oil production was still at historically low levels, despite increasing oil prices.
West Newton target switches back to gas
Rathlin Energy is apparently no longer targeting oil at its two sites at West Newton in East Yorkshire.
Union Jack shares fall on Wressle estimates
Shares in Union Jack Oil fell more than 20% on the publication of an assessment of the Wressle oil field in North Lincolnshire this morning.
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.
UK fracking: a decade of broken promises, earthquakes and no gas
As the new prime minister takes office, one of the biggest immediate challenges will be the UK’s energy crisis, with soaring bills and the threat of rationing this winter. Some see onshore shale gas as part of the solution. But given shale’s record over the past decade, can […]
Angus Energy shares rise on Saltfleetby gas processing
Shares in Angus Energy rose 28% today on news that the company had begun processing wellhead gas from its B2 well at Saltfleetby in Lincolnshire.
Guest post: Yorkshire Landowners question Conservative leadership candidates on fracking
In this guest post, the organisation representing farmers and both small and large landowners in Yorkshire put key questions on fracking to Rishi Sunak and Liz Truss.
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