Updated: Shareholders challenge oil directors
Two directors of an oil firm have retired after “consultation with shareholders” and the entire board of a second company faces a call for its replacement.
Union Jack buys into German oil and gas
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.
UK onshore oil and gas production in charts – May 2023
Extraction from the UK’s largest onshore gasfield rose 50% in May 2023, reaching record levels since the restart of production last year. Oil from the UK’s largest oilfield returned to levels before a pipe leak in March 2023.
Latest UK onshore oil production – October 2022
DrillOrDrop’s review of the latest UK onshore oil data for October 2022: the monthly volume of flared gas was the highest reported since records began six years ago
Revenue quadruples at Europa Oil & Gas
The Wressle production site in Lincolnshire has helped Europa Oil & Gas quadruple its annual revenues.
Cuadrilla owner raises new funds for UK fracking
The Australian owner of shale gas company Cuadrilla has raised $19.7m (£11.79m) in a share placing.
UKOG calls meeting to approve share issue for Turkish operations
The weald-based drilling company, UK Oil & Gas, is seeking support for a share issue to fund new drilling in Turkey.
UKOG raises £2.2m for Turkish exploration project
UK Oil & Gas plc announced today it had raised £2.2m to fund initial operations in its new interest in the Resan oil exploration project in Turkey.
Redundancies at IGas in £1m cost cutting
IGas has announced redundancies, including the chief finance officer, in a £1m cost-cutting programme.
UKOG announces plan to boost production from “Gatwick Gusher”
UK Oil & Gas said today it would reperforate the Portland section of its first well at the Horse Hill oil site in Surrey.
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