The West Newton joint venture will in the next few weeks start onshore drilling operations following positive test results at the site in the East Riding of Yorkshire. JOINT VENTURE The operator is Rathlin Energy UK Ltd who in 2008 applied for a licence to explore for oil and gas in east Yorkshire. The JV […]
Tag: oil and gas
United acquires Walton Morant from Tullow
United Oil & Gas plc has acquired the Walton Morant licence in Jamaica on a 100% operated basis, with its initial exploration period extended by 18 months. TARGETS The Jamaican Government approved the move which sees United take Tullow’s 80% equity in the licence for a nominal fee to become the operator and 100% equity […]
Cuadrilla views fracking as still an option in the UK
The future of hydraulic fracturing – fracking – for gas exploration in the UK remains open, said Australian engineering firm AJ Lucas (Lucas). MORATORIUM As of February 2020, Lucas owned 97% of shares in British oil and gas exploration company Cuadrilla Resources operating in Lancashire. In 2019, the Government imposed a moratorium following a report […]