Wressle oil production awaits planning conditions sign-off
Work to start oil production at the Wressle site near Scunthorpe is still awaiting the discharge of planning conditions.
Egdon seeks second time extension for oil drilling at North Kelsey
Egdon Resources is seeking to extend its planning consent for oil exploration at North Kelsey in Lincolnshire for another year.
Union Jack Oil adds to stake in Lincolnshire oil exploration
Union Jack Oil announced this morning it had increased its interest in the Biscathorpe oil site in Lincolnshire.
Shale gas companies get more time to explore
Operators of a third of the UK’s newest onshore shale gas licences have been given more time for exploration.
Council pays £403,000 costs over Wressle planning dispute
North Lincolnshire Council has paid costs of £403,000 after losing an appeal on plans for oil production at Wressle, the site operator has confirmed.
Union Jack plans to pull out of licences where falling value pushes up annual loss
The exploration and production company, Union Jack Oil, is planning to withdraw from three licences in 2020 because of falls in their value.
“Fracking moratorium more likely to be reversed by politics than science”
Updated 24 April 2020 The investment bank, VSA Capital, has hinted that politics, rather than science, could overturn the moratorium on onshore fracking in England.
“Oil prices to remain low and very volatile”
The former head of BP and the fracking firm Cuadrilla has warned that oil prices will remain low for “some considerable time”.
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.
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.
DRILL OR DROP? 