Union Jack becomes biggest player in Wressle oil field
Union Jack Oil plc is to pay £500,000 to become the largest single investor in the Wressle oil field in North Lincolnshire.
Europa cuts costs to fund Wressle oil production
Europa Oil & Gas, one of the main investors in oil production plans at Wressle, announced today it had cut salaries and cancelled non-core contracts because of the coronavirus outbreak and oil price falls.
Australian mining group takes control of fracking firm Cuadrilla
An Australian mining group has almost doubled its stake in the UK shale gas company, Cuadrilla Resources.
UKOG to increase share of Horse Hill oil licences
UK Oil & Gas plc reported today that it intended to increase its stake in the Horse Hill exploration licences in Surrey.
Opposition to fracking targets large investors in shale gas exploration
The anti-fracking network, Reclaim the Power, is focusing its opposition next week on companies that finance shale gas exploration.
Bank increases stake in IGas
HSBC bank has increased its stake in IGas, which is currently drilling for shale gas at Tinker Lane in Nottinghamshire.
Rathlin Energy’s £33.9m debt “casts doubt” over company viability – accounts
The exploration company, Rathlin Energy, owed nearly £34m, according to annual accounts published yesterday (7 November 2018).
Another oil company sells stake in Horse Hill
Solo Oil has announced it is selling its direct interest in the Horse Hill oil exploration site in Surrey.
INEOS adds to shale gas licence holdings
INEOS has increased its onshore exploration licence area in the UK to more than 1.2m acres, it announced this morning
Angus Energy takes a stake in Leith Hill Surrey licence
The company behind the Brockham oil well in Surrey has bought into the neighbouring licence where there are plans for exploratory drilling this year.
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