Egdon Resources PLC has farmed out 8.33% of its onshore UK license PEDL182 to Union Jack Oil PLC. The license is in Lincolnshire to the immediate north of PEDL180, where Union Jack farmed into the Wressle-1 exploration well (8.33%). Source: News

Egdon Resources PLC has farmed out 8.33% of its onshore UK license PEDL182 to Union Jack Oil PLC. The license is in Lincolnshire to the immediate north of PEDL180, where Union Jack farmed into the Wressle-1 exploration well (8.33%). Source: News

Jobs linked to offshore oil and gas in the UK have dropped sharply since 2014 along with commodity prices. New employment figures indicate about 330,000 jobs in the UK in 2016 will stem from oil and gas, down from more than 450,000 in 2014. Source: News

Jobs linked to offshore oil and gas in the UK have dropped sharply since 2014 along with commodity prices. New employment figures indicate about 330,000 jobs in the UK in 2016 will stem from oil and gas, down from more than 450,000 in 2014. Source: News

The US House of Representatives approved a resolution opposing President Barack Obama’s proposal to impose a $10.25/bbl tax on crude oil to support new transportation systems’ research and development. H. Con. Res 112 was approved on June 10 by a 234-177 vote, largely along party lines. Twenty-three Democrats joined Republicans in favor of it, while […]

The light, sweet crude oil contract for July delivery settled just above $49/bbl on June 10 after release of the weekly US drilling rig count, which showed an increase for a second consecutive week. Source: News

The light, sweet crude oil contract for July delivery settled just above $49/bbl on June 10 after release of the weekly US drilling rig count, which showed an increase for a second consecutive week. Source: News

"Ontario is not, not, not going to phase out natural gas." Source: News