Losses in IGas more than doubled in 2019 to more than £50m as the company turned its back on shale exploration in north west England, annual accounts have revealed.
UK onshore oil production fell in 2019 to its lowest point for eight years, official data has revealed.
Images from Rathlin Energy’s new oil and gas exploration site in East Yorkshire suggest that site work is now underway.
The Australian owner of Cuadrilla says it is carrying out a review of the company’s costs following the fracking moratorium.
Egdon Resources has said it is cutting costs because low oil prices following the coronavirus outbreak have hit profitability in its fields.
UK Oil & Gas plc said today it had delayed its capital expenditure programme because of the covid-19 outbreak.
Europa Oil & Gas, one of the main investors in oil production plans at Wressle, announced today it had cut salaries and cancelled non-core contracts because of the coronavirus outbreak and oil price falls.
An oil formation in Lincolnshire, missed by a well drilled last year, could be reached by a new sidetrack, a group of companies said today.
Cuadrilla has taken more equipment off its fracking site near Blackpool this week.
IGas reported today it was working on contingency plans in case its operations were affected by the coronavirus.