The future of an oil exploration site in West Sussex depends on the results of tests at the so-called “Gatwick Gusher” well about 20 miles away in Surrey, a company has said.
The largest investor in the Horse Hill oil well near Gatwick is seeking to change its company status.
The exploration company, UK Oil and Gas, has defended its injunction which seeks to outlaw the protest tactic of slow walking.
Angus Energy – the company behind oil sites in southern England – announced today it was looking into transactions of shares held by its chairman. It also claimed oil at one of its sites was higher quality than Brent Crude.
The regulator of oil and gas licensing has begun a consultation on how it plans to assess the financial strength of companies.
Two of the UK’s leading shale gas companies have been given another four years to drill an exploration well in the Chester area to meet their commitments to the Government.
Ministers said last week they were doing everything they could to promote UK onshore oil and gas production. But that’s not how it looked to the industry speaking to investors at the weekend.