Profits down at Union Jack
Gross profits at Union Jack Oil fell 40% in 2024, compared with the year before, annual acounts revealed today.
Gross profits at Union Jack Oil fell 40% in 2024, compared with the year before, annual acounts revealed today.
Alba Mineral Resources has cut by 94% the value of its stake in Horse Hill – the Surrey oil site at the centre of last year’s landmark Supreme Court judgement.
UK onshore oil daily production rose 2% in February 2025, compared with the previous month but daily onshore gas production dropped 4%.mm
Council officials have taken action against the operator and owner of a West Sussex dormant oil site over clean-up delays.
The volume of UK onshore gas fell nearly 4.5% in January 2025, compared with the month before. This was the lowest monthly volume since September 2024 and mainly because a fall in production at Saltfleetby.
The onshore oil company at the centre of a landmark Supreme Court judgement has announced trading would be suspended because its annual accounts would not be published on time.
Waste fluid from oil wells across southern England can be tankered to a village in the Surrey green belt, where it will be pumped underground, councillors decided this morning.
Planners are supporting proposals to tanker wastewater from oil wells in southern England to inject into site in a Surrey village to boost production.
The UK’s first formal assessment of carbon emissions from burning onshore oil has been criticised as “flawed”, “misleading” and “unlawful”.
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.