Union Jack raises stake in Biscathorpe
Union Jack Oil is spending £1m to become the largest investor in the Biscathorpe oil licence in Lincolnshire.
Union Jack Oil is spending £1m to become the largest investor in the Biscathorpe oil licence in Lincolnshire.
Plans for new drilling and long-term oil production at the Horse Hill oil site in Surrey cleared another hurdle today.
Planning officers have for the third time recommended approval of proposals by Egdon Resources for 15 years of oil production at its site at Wressle near Scunthorpe.
Landowners are demanding speedy action from the government about who should deal with the consequences if something goes wrong with fracking.
Two companies are banking on the approval of consent for oil production at the Wressle well in Lincolnshire and that it brings in expected revenues.