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.
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 […]
Judgement postponed in challenge to Cuadrilla’s fracking injunction
The ruling has been delayed in an appeal by the first campaigners found guilty of breaching an injunction against anti-fracking protests.
Angus takes out £1.5m loan to pay for clean-up costs
Angus Energy has raised a £1.5m loan facility to pay for the costs of decommissioning oil and gas wells.
Judge dismisses campaigners’ bid to quash Cuadrilla injunction
Three anti-fracking campaigners have failed in their legal challenge to quash Cuadrilla’s injunction against protests at the Preston New Road shale gas site near Blackpool. They said they would seek permission to appeal.
Court rules against new government consultation on fracking policy
A High Court judge ruled this morning that the government does not have to carry out a new public consultation on its planning policy on fracking.
Landowners could face fracking clean-up costs, MPs warn
Owners of fracking sites may be liable for the clean-up if project backers go out of business, MPs said in a report published today.
No need to revise health review on fracking impacts, says minister
Fracking Week in Parliament The government dismissed another call this week for an update of the review of research on the health impacts of shale gas extraction.
Legal precedent and costs are major hurdles to challenging fracking injunctions, campaigners say
Campaigners who failed to block an injunction against protests outside Cuadrilla’s Lancashire fracking site said the fight was not over. But they said case law and the cost of legal action were major hurdles.
DRILL OR DROP? 