Takeover bid for Union Jack Oil
Reabold Resources has offered to buy Union Jack Oil, both companies confirmed this morning.
Reabold Resources has offered to buy Union Jack Oil, both companies confirmed this morning.
The company with the biggest stake in the Wressle oil field has agreed a £1m loan from the site operator, Egdon Resources.
Europa Oil & Gas, the company behind rejected plans for lower-volume fracking at Burniston in North Yorkshire, is also pursuing developments at three other sites onshore in the UK, it revealed today.
An investor in the Wressle and West Newton fields warned today that government policy has made its UK business “increasingly difficult to progress”.
Expansion of the Wressle oil site near Scunthorpe would result in more than one million tonnes of climate-damaging greenhouse gases, documents have revealed. But the developer, Egdon Resources, has said the proposal would not have a significant impact on climate change.
Two campaign groups have urged councillors to block fracking plans later this week for the village of Burniston in North Yorkshire.
The environmental campaigner who secured a landmark Supreme Court judgement on oil and gas emissions has won a prestigious international award.
A leading geologist has warned that plans for lower-volume fracking in northern England could cause earthquakes as large and unpredictable as high volume operations.
The campaigner who won a landmark Supreme Court ruling on onshore oil and gas emissions is urging the prime minister to resist calls to overturn the judgement.
Advice has been reversed on whether expansion of the Wressle oil site in North Lincolnshire needs a detailed study of the environmental impacts.