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.
The Oil & Gas Authority has said it is working with the industry during the covid-19 outbreak to safeguard energy supply and jobs.
The petroleum licence which saw drilling for oil in Woodburn Forest in Northern Ireland has been relinquished.
Angus Energy has said it will seek a five-year extension to its oil production licence at Brockham in Surrey.
Third Energy, the company behind plans to frack in North Yorkshire, has announced it now has no immediate shale gas plans.
The moratorium on fracking, along with planning delays and weak commodity prices are a challenge for the future, Egdon Resources has concluded
The exploration site at West Newton, north of Hull, has more oil than previously estimated, investors in the site said today.
