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.
An oil formation in Lincolnshire, missed by a well drilled last year, could be reached by a new sidetrack, a group of companies said today.
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 […]
Third Energy, the company behind plans to frack in North Yorkshire, has announced it now has no immediate shale gas plans.
The number of onshore oil and gas wells drilled in the UK in 2019 was up slightly on 2018, which was a 68-year low for the industry. This year, operators spudded (began drilling) four, or possibly five wells, depending on how you count your wells.
2019 saw a Conservative government withdraw its support from fracking and introduce a moratorium on the process.
This post has news updates from the second day of the public inquiry into Egdon Resources’ plans for 15 years of oil and gas production at its site at Wressle in north Lincolnshire.
This post has updates from the start of a public inquiry in Scunthorpe into plans by Egdon Resources to produce oil for 15 years at its site nearby at Wressle.
The energy secretary, Andrea Leadsom, confirmed the government’s U-turn on shale gas policy in a statement to parliament today.
A public inquiry which opens tomorrow into oil plans in north Lincolnshire could see the first examination of the government moratorium on fracking.