David Bramhill, Executive Chairman of Union Jack commented: “As conveyed in the operator’s narrative, the Biscathorpe-2 well has been suspended for a possible side-track at a later date once the

Geologists at the University of Aberdeen in the UK have claimed that North Sea volcanoes that were thought to contain magma could actually hold oil and gas reserves. Geologists have

Contrary to what many believe, the success or failure of launching a new overseas venture  or the reboot of an existing one is rarely due to lack of market demand

David Bramhill, Executive Chairman of Union Jack, commented: “We are looking forward to a Planning Inspector considering the appeal for the development of the Wressle discovery. “We strongly believe, as

The UK Government has been told it needs to step up “urgently” to protect the future of Scotland’s oil and gas industry. The Scottish Affairs Committee at Westminster has published

A significant new gas discovery has been made in the North Sea. It is estimated that there are close to 250 million barrels of oil equivalent of recoverable resources at

David Bramhill, Executive Chairman of Union Jack, commented: “To echo the thoughts of our joint venture partners in this potentially company making project, we are very pleased that the Planning

Confidence in the outlook for the UK oil and gas sector has increased almost fourfold in two years, an industry survey found. About two-thirds (68%) of companies plan to increase

Oil prices rose to their highest for 2019 on Monday after data showed refinery processing in China, the world’s second-largest oil consumer, climbed to a record in 2018, despite a

Oil futures settled higher Tuesday, recouping some of the losses suffered over back-to-back sessions as China took steps to boost its economy a day after another round of downbeat data.