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.
Rathlin Energy signals start of work at East Yorkshire well site
Rathlin Energy announced today it had given notice of the start of activities at a new well site in East Yorkshire.
Wressle production will “break even at $17.62/barrel” – operator
Production from the Wressle oil site near Scunthorpe will break even at $17.62 a barrel, the operator, Egdon Resources, has said. In an update, the company’s managing director, Mark Abbott, said: “Our modelling shows that the Wressle development is economically robust at and below the current oil price […]
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