Updated: Increased prices and production turn loss to profit for Egdon Resources
The operator of the Wressle oil field in North Lincolnshire reported a 500% increase in oil and gas revenues in its latest interim accounts today.
The operator of the Wressle oil field in North Lincolnshire reported a 500% increase in oil and gas revenues in its latest interim accounts today.
Angus Energy has reported increased estimates of cash flow from its Saltfleetby site in Lincolnshire. But the company is likely to have to wait longer to see them with another delay in the date when gas is expected to flow.
The exploration and production company, IGas, said today it was reviewing its capital spending plans with the increase in the oil price.
Opposition to fracking has reached a record high of 45%, according to a quarterly government survey of public attitudes.
The company behind oil production at Horse Hill in Surrey has raised £1.275m in a share placing to pay for cost cuts.
Life must be made difficult for oil and gas companies that increase – or fail to reduce – carbon emissions, Lancashire anti-fracking campaigners have argued.
Results from the latest government survey on fracking shows that public opposition has risen to its highest level so far and support dropped to a record low.
The company behind the Horse Hill exploration site near Gatwick Airport has released details of plans to drill four more wells to produce oil for 20 years.
A government report which concluded that shale gas extraction increases air pollution was unpublished for three years and then released just after ministers approved fracking in Lancashire.
Support for fracking in the UK has fallen to its lowest level, according to a regular public opinion poll for the government.