The Government today commissioned the British Geological Survey (BGS) to review the latest scientific evidence on shale gas extraction. MORATORIUM In 2019, the North Sea Transition Authority (previously the Oil and Gas Authority) found it was impossible to predict accurately the probability or magnitude of earthquakes linked to hydraulic fracturing operations. There were also reported […]
Tag: oil & gas
Orcadian estimates oil-in-place increase for Pilot-Bowhead
Orcadian Energy plc estimated an increase in oil-in-place based on new interpretation of reprocessed seismic data for the Pilot, Feugh and Blakeney discoveries and the Bowhead prospect. PILOT The company said that the development area oil-in-place would increase by 10% to 15% compared with the previous estimates which were based on an older seismic survey. […]
Union Jack nets $4m from Wressle JV
Union Jack Oil plc said it had achieved material landmark net revenues of US$4 million from the Wressle hydrocarbon joint venture in North Lincolnshire. OPERATIONS The revenue is the total since production restarted during August 2021. The company holds a 40% economic interest in the development located in PEDL180 and PEDL182, which is operated by […]
UKOG exits Arreton to spend £0.5m appeal costs on new ventures
UK Oil & Gas plc (UKOG) has ruled out appealing against planners’ refusal for the appraisal and testing of the Arreton discovery on the Isle of Wight. NEW OPPORTUNITIES In its annual review and accounts for the year ended 30 September 2021, UKOG said that the council’s decision to refuse permission was “disappointing but not […]
Egdon refused more time for N. Kelsey well
Egdon Resources plc has been refused more time to drill the North Kelsey-1 exploration oil well in Lincolnshire. APPEAL The company had applied for a further 12-month extension to the existing planning permission from 2020. Managing director Mark Abbott said that the company would appeal against the county council’s decision. “The decision of the planning […]
Helium One holds £10m at start of phase II
Helium One Global Ltd said it had completed its 2021 exploration drilling campaign and started Phase II exploration work at its 100% owned Rukwa project in Tanzania. INFORMATION Drilling has now been completed on Tai-2 without the company identifying helium gas. Helium One said it had gained valuable information on shallow trap and seal potential. […]