Wressle production fall cuts revenue for Europa
Europa Oil & Gas plc saw a near halving of oil production at its onshore sites, according to the latest annual report.
Europa Oil & Gas plc saw a near halving of oil production at its onshore sites, according to the latest annual report.
The only company to carry out high volume fracking onshore in the UK has said the prospects for the shale gas industry worsened in the past year.
Potential gas production from two sites in East Yorkshire would have a significantly lower carbon footprint than the UK average, according to new estimates.
The former fracking company, Cuadrilla, earned nothing for its Australian owner in the past 12 months but spent Aus$2.4m.
The government’s climate adviser has said planning policies must deliver carbon-reduction goals – but it declined to back a landmark legal challenge to how UK onshore oil production is decided.
A major cut in investment in the shale gas company, Cuadrilla, is likely in the coming months, its owner has predicted.
You can keep up with the news here with our digest of headlines about UK fracking, shale and onshore oil and gas, updated daily.
IGas declared a pre-tax loss of £59.1m for 2019 in its group annual results published today. This was up from £25.1m in 2018.