North west shale write-offs push up losses as IGas focusses on East Midlands
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.
2019 UK onshore oil production continues downward trend
UK onshore oil production fell in 2019 to its lowest point for eight years, official data has revealed.
Site work appears underway at West Newton-B
Images from Rathlin Energy’s new oil and gas exploration site in East Yorkshire suggest that site work is now underway.
Review underway of fracking company’s costs
The Australian owner of Cuadrilla says it is carrying out a review of the company’s costs following the fracking moratorium.
Egdon’s late life oil fields “unprofitable” at current prices
Egdon Resources has said it is cutting costs because low oil prices following the coronavirus outbreak have hit profitability in its fields.
UKOG delays capital spending because of coronavirus
UK Oil & Gas plc said today it had delayed its capital expenditure programme because of the covid-19 outbreak.
Europa cuts costs to fund Wressle oil production
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.
Oil partners “optimistic” about finding oil with Biscathorpe sidetrack
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.
More equipment leaves Cuadrilla’s fracking site
Cuadrilla has taken more equipment off its fracking site near Blackpool this week.
IGas plans for covid-19
IGas reported today it was working on contingency plans in case its operations were affected by the coronavirus.
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