Wressle oil earns Europa £5.3m – annual accounts
The Wressle oil field in North Lincolnshire earned Europa Oil & Gas £5.3m in the past year, the company reported this week.
Cuadrilla back in the red, value of shale gas assets to be cut
Cuadrilla’s Australian owner is to cut the value of UK shale gas exploration assets, following the reinstatement of the moratorium on fracking in England last year.
“Too little, too late” – reaction to the autumn statement
The government’s autumn statement has been criticised for failing to close loopholes in the windfall tax and for delaying extra spending on home insulation for three years.
Revenue quadruples at Europa Oil & Gas
The Wressle production site in Lincolnshire has helped Europa Oil & Gas quadruple its annual revenues.
Rathlin reports £1m+ loss in 2020
Rathlin Energy, the operator of two oil and gas sites in East Yorkshire, has declared an annual loss in 2020 of £1,015,920. This was slightly smaller than the previous year.
UKOG issues 637m new shares to fund cuts in the cost of oil production
The company behind oil production at Horse Hill in Surrey has raised £1.275m in a share placing to pay for cost cuts.
Money cannot compensate for fracking, politicians told
A retired bishop who lives half a mile from Third Energy’s approved fracking site in North Yorkshire told a parliamentary group yesterday that community benefits would not compensate his village for the impacts of fracking.
August 2016 drilling headlines
DrillOrDrop’s digest of the past month’s news about fracking, shale and onshore oil and gas developments in the UK and around the world. Top 10 stories: PM proposes direct payments to residents from shale wealth fund – fracking opponents say its bribery First state in Australia bans fracking […]
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