Oil production restarts at Keddington
Production at the Keddington oilfield in Lincolnshire has resumed, a partner announced this morning.
Production at the Keddington oilfield in Lincolnshire has resumed, a partner announced this morning.
Gross profits at Union Jack Oil fell 40% in 2024, compared with the year before, annual acounts revealed today.
Potential gas production from two sites in East Yorkshire would have a significantly lower carbon footprint than the UK average, according to new estimates.
Almost a fifth of UK onshore production fields have extracted no oil or gas in the past five years, according to analysis by DrillOrDrop.
Union Jack announced this morning it was buying a 3% stake in Beacon Energy plc, an onshore oil and gas company with assets in Germany.
Star Energy and Union Jack Oil have reported falling profits in interim accounts published this week.
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.
Just three onshore wells were drilled in 2022, despite record oil and gas prices.
DrillOrDrop’s checklist of what to look out for in 2023 on UK onshore oil and gas