The operator of the Horse Hill oil site in Surrey made “substantial losses”, its latest accounts have revealed.
Angus Energy has said it will abandon the Brockham oil field in Surrey if it does not get permission to reinject waste water.
Drilling began this morning on the main borehole at the West Newton-B exploration site in East Yorkshire, site operator Rathlin Energy has announced.
UK Oil & Gas plc announced today it had raised £2.2m to fund initial operations in its new interest in the Resan oil exploration project in Turkey.
Oil production at the Horse Hill site in Surrey fell for a second month in a row, according to official data published today.
A company that tried to frack in North Yorkshire three years ago says it wants to re-use old gas sites for renewable energy.
The operator of the Wressle oil site near Scunthorpe has confirmed it no longer plans to use acidisation to improve production.
Angus Energy is looking to borrow up to £12m to redevelop the Saltfleetby gas field in Lincolnshire.
IGas blamed the Covid-19 outbreak and a low oil price for falls in production and revenue, along with a rise in debt, in the first half of the year.
The main drilling rig was delivered today to Rathlin Energy’s West Newton-B exploration site in East Yorkshire.