Production at the Horse Hill oil site in Surrey fell by 25% in May 2020, according to the most recent figures released by regulators today.
A major cut in investment in the shale gas company, Cuadrilla, is likely in the coming months, its owner has predicted.
Rathlin Energy has announced plans for two new exploration sites in East Yorkshire.
A convoy of equipment under police escort arrived at Rathlin Energy’s West Newton oil exploration site in East Yorkshire yesterday (17 August 2020).
Oil production at the Horse Hill field in Surrey ranked fourth in the UK onshore, according to the latest official data. But the daily average was below that previously claimed by the operator and was less than 2% of the UK onshore total.
Perenco UK, the country’s biggest onshore oil producer, saw losses of more than £113m in 2019. This compared with a profit of £250m the year before.
Angus Energy has announced an agreement with a division of Royal Dutch Shell for gas production from Saltfleetby in Lincolnshire.
Drilling at Rathlin Energy’s West Newton B site in East Yorkshire is due to start in “the next few weeks”, one of the leading investors said this morning.
Work on the oil site at Wressle, near Scunthorpe, is now underway, the operator, Egdon Resources, said this morning.
Angus Energy has said it intends to return to its Balcombe oil exploration site in West Sussex later this year.