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.
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 […]
This post has live news updates on the decision over plans for 20 years of oil production and four additional wells at the Horse Hill site near Gatwick Airport.
Cuadrilla has received an official warning over failing to monitor groundwater properly at its Preston New Road fracking site.
Two years ago today, Ineos Upstream, the UK’s biggest shale gas licence-holder, submitted its first formal plans for an exploration site.
Opponents of plans by Rathlin Energy to drill another well in East Yorkshire have said they will monitor operations round the clock.
The Environment Agency announced this afternoon it had granted a new permit for the oil exploration site at Balcombe in West Sussex.
