AIM-listed Union Jack Oil, a UK focused onshore hydrocarbon production, development and exploration company, has acquired a disclosable interest in Beacon Energy. Beacon is a full cycle oil and gas company with

Union Jack Oil plc announced that it has acquired a 3.22% stake in Beacon Energy plc, a full cycle oil and gas company with a portfolio of onshore German assets.

U.S. crude oil prices have surged and the futures strip has moved into a sharp backwardation as inventories have drained away from the NYMEX delivery point at Cushing in Oklahoma.

Oil rose on Wednesday, firming its ground near a 10-month peak reached during trading a day earlier, as the market balanced supply concerns over Libya output and OPEC+ cuts with

Union Jack Oil, Europa Oil & Gas (Holdings), and Egdon Resources have announced that the installation of a jet pump system and accompanying surface equipment has commenced at the Wressle

A statement from Egdon Resources said a downhole jet pump would be installed in an artificial lift at the well, near Scunthorpe in North Lincolnshire. Artificial lift is commonly used to increase

Oil prices closed a volatile session slightly higher on Thursday, falling a dollar a barrel in early trading on demand worries and a strong dollar, but then bouncing back after