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.
The exploration and production company, IGas, said today it was reviewing its capital spending plans with the increase in the oil price.
The company behind oil drilling at Horse Hill in Surrey said this morning it had taken a licence stake in south east Turkey in the hope of “rapid monetisation” of reserves.
Lancashire shale gas will take longer to exploit than expected but the potential value remains, Cuadrilla’s chief executive told an Australian business newspaper today.
The chair of Rathlin Energy, David Montagu-Smith, has left the board, the company has announced.
Centrica is giving up its stake in Cuadrilla’s shale gas licence in the Fylde near Blackpool.