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.
Egdon Resources has said it is cutting costs because low oil prices following the coronavirus outbreak have hit profitability in its fields.
Union Jack Oil said this morning it had acquired an extra 35% stake in the Keddington oilfield in Lincolnshire.
People living around the Horse Hill oil site near Gatwick Airport have protested about long-term drilling and production plans.
An opponent of Ineos plans to explore for shale gas in Derbyshire was knocked down by a tractor during a protest yesterday, according to eyewitnesses.
An oil exploration licence in a remote part of the South Downs National Park has lapsed, it was confirmed this morning.
The shale gas company, Cuadrilla, has been accused of an “aggressive and sustained” pursuit of court costs of more than £55,000 against the leading anti-fracking campaigner, Tina Rothery. Lawyers for Cuadrilla have accused Ms Rothery of “persisting in inaccurately portraying” the legal process.