UKOG issues 1.7 billion new shares in eight months
The number of shares in the onshore operator, UK Oil & Gas plc, has risen to 7.8 billion, up by more than a quarter since August 2019.
“Oil prices to remain low and very volatile”
The former head of BP and the fracking firm Cuadrilla has warned that oil prices will remain low for “some considerable time”.
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.
2019 UK onshore oil production continues downward trend
UK onshore oil production fell in 2019 to its lowest point for eight years, official data has revealed.
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.
April 2020 headlines
You can keep up with the news here with our digest of headlines about UK fracking, shale and onshore oil and gas, updated daily.
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.
Oil partners “optimistic” about finding oil with Biscathorpe sidetrack
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.
More equipment leaves Cuadrilla’s fracking site
Cuadrilla has taken more equipment off its fracking site near Blackpool this week.
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.
DRILL OR DROP? 