North west shale write-offs push up losses as IGas focusses on East Midlands
Losses in IGas more than doubled in 2019 to more than £50m as the company turned its back on shale exploration in north west England, annual accounts have revealed.
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.
Regulator promises “flexibility” on compliance and licences during coronavirus
The Oil & Gas Authority has said it is working with the industry during the covid-19 outbreak to safeguard energy supply and jobs.
Woodburn Forest drilling licence relinquished
The petroleum licence which saw drilling for oil in Woodburn Forest in Northern Ireland has been relinquished.
Angus to seek Brockham licence extension – plus Saltfleetby update
Angus Energy has said it will seek a five-year extension to its oil production licence at Brockham in Surrey.
“UK politics currently too uncertain for fracking” – Third Energy
Third Energy, the company behind plans to frack in North Yorkshire, has announced it now has no immediate shale gas plans.
Egdon faces joint threat of fracking moratorium, delays and low gas prices
The moratorium on fracking, along with planning delays and weak commodity prices are a challenge for the future, Egdon Resources has concluded
Focus at West Newton switches to oil with upgraded volume data
The exploration site at West Newton, north of Hull, has more oil than previously estimated, investors in the site said today.
Campaigner launches crowdfund for legal challenge over oil and gas clean-up costs
A campaigner from North Yorkshire is seeking to raise £10,000 to take the oil and gas regulator to court over who pays for decommissioning.
IGas wins more time for exploration
IGas has been granted extra time for exploration work in six oil and gas licences awarded three years ago.
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