Union Jack plans to pull out of licences where falling value pushes up annual loss
The exploration and production company, Union Jack Oil, is planning to withdraw from three licences in 2020 because of falls in their value.
The exploration and production company, Union Jack Oil, is planning to withdraw from three licences in 2020 because of falls in their value.
The oil and gas company, Rathlin Energy, has confirmed that it has started work at its second site in East Yorkshire.
An oil formation in Lincolnshire, missed by a well drilled last year, could be reached by a new sidetrack, a group of companies said today.
Events in March 2020 and beyond about UK fracking, onshore oil and gas and campaigning
2019 saw a Conservative government withdraw its support from fracking and introduce a moratorium on the process.
Statements made by partners in the oil and gas well at West Newton in East Yorkshire have prompted opponents to question future plans for the site.
Union Jack Oil plc has raised £5m to press ahead with drilling plans at West Newton in East Yorkshire, the company announced this morning.
The exploration site at West Newton, north of Hull, has more oil than previously estimated, investors in the site said today.
Rathlin Energy has suspended the extended well test at its West Newton well site in East Yorkshire – just a week after the start.
A drilling licence in Lincolnshire remains one of the UK’s largest untested onshore prospects, Union Jack said today, even though the most recent well was suspended without finding oil or gas.