2022 UK onshore oil production sinks to lowest level for 34 years
Onshore oil production in the UK in 2022 slumped to the lowest level since 1989.
Offshore flaring halves in four years but onshore hits record high
Flaring in the North Sea has halved in the past four years, the industry regulator announced today. But analysis by DrillOrDrop shows that flaring at onshore fields reached record levels in 2022.
Losses widen at Angus Energy on derivative swap
Angus Energy has reported widening annual losses because of a derivative swap.
Saltfleetby sidetrack completed
Angus Energy has announced it has completed the new sidetrack well at its Saltfleetby gasfield in Lincolnshire.
UKOG installs test boreholes in plans for water injection at Horse Hill
Three groundwater monitoring boreholes have been installed at the Horse Hill oil site in Surrey, the owner UK Oil & Gas (UKOG) has announced.
Report estimates potential value of UKOG’s Surrey gasfield
The gasfield near the Surrey village of Dunsfold could generate up to £124m for the operator, UK Oil & Gas plc, according to a report released today.
Cuadrilla owner takes $157m hit from fracking moratorium
The Australian mining group that owns Cuadrilla has cut the value of its UK shale gas assets by more than $157m following the reinstatement of the moratorium on fracking in England.
Latest UK onshore oil production – November 2022
DrillOrDrop’s review of the latest UK onshore oil data for November 2022 reveals the third consecutive monthly fall in daily production, halving output at Wressle and another record high for onshore flaring
Grid can take Loxley gas – UKOG
The gas network could accept potential supplies from UKOG’s proposed site in Surrey, the company said today.
Egdon looks at North Yorkshire gas prospect
The operator of the UK’s newest producing onshore oil site, is considering a gas prospect in North Yorkshire.
DRILL OR DROP? 