Conductor rig arrives at West Newton B
A convoy of equipment under police escort arrived at Rathlin Energy’s West Newton oil exploration site in East Yorkshire yesterday (17 August 2020).
First official Horse Hill oil production data
Oil production at the Horse Hill field in Surrey ranked fourth in the UK onshore, according to the latest official data. But the daily average was below that previously claimed by the operator and was less than 2% of the UK onshore total.
Perenco UK reports loss of £113m
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 deal for Saltfleetby gas
Angus Energy has announced an agreement with a division of Royal Dutch Shell for gas production from Saltfleetby in Lincolnshire.
West Newton B: Drilling due in “next few weeks”
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.
Site work begins at Wressle – Egdon Resources
Work on the oil site at Wressle, near Scunthorpe, is now underway, the operator, Egdon Resources, said this morning.
Angus Energy “to return to Balcombe” in autumn 2020 + Brockham and Saltfleetby updates
Angus Energy has said it intends to return to its Balcombe oil exploration site in West Sussex later this year.
IGas to revisit spending plans as oil price rises
The exploration and production company, IGas, said today it was reviewing its capital spending plans with the increase in the oil price.
UKOG buys into “irresistible” Turkish licence
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.
Cuadrilla hints at a long game for UK fracking
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.
DRILL OR DROP? 