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.
Planning permission for expansion at the UK’s second largest onshore oil producer has been formally rescinded in another casualty of the landmark Supreme Court judgement on climate emissions.
The council that approved plans for expansion of the Wressle oil and gas site near Scunthorpe will not defend a legal challenge, it was reported this morning.
Arrangements are underway for a new appeal over oil drilling and production by Egdon Resources at Biscathorpe in Lincolnshire.
Partners in a scheme to produce oil and gas in East Yorkshire have announced what appear to be big changes to their plans.
Keep up to date with February 2024’s news with our digest of daily updated headlines about the business, regulation and campaigns around UK fracking, shale, and onshore oil and gas.
Union Jack Oil, the majority investor in the Wressle onshore site in North Lincolnshire, has announced its first move into the US.
Campaigners and councillors have said they are shocked that a government-appointed inspector has overturned the refusal of planning permission for long-term oil production in the Lincolnshire Wolds area of outstanding natural beauty (AONB).
The workover of the well at the UK’s newest producing onshore oilfield has been “successfully concluded”, one of the partners reported today.
Rathlin Energy, the company which runs oil and gas sites in East Yorkshire, is seeking extra funding to pay for drilling and testing obligations.