IGas blamed the Covid-19 outbreak and a low oil price for falls in production and revenue, along with a rise in debt, in the first half of the year.
A 71-year-old grandmother is walking more than hundred miles in a week to raise money for a legal challenge to oil drilling in Surrey.
Production at the Horse Hill oil site in Surrey fell by 25% in May 2020, according to the most recent figures released by regulators today.
Oil production at the Horse Hill field in Surrey ranked fourth in the UK onshore, according to the latest official data. But the daily average was below that previously claimed by the operator and was less than 2% of the UK onshore total.
Work on the oil site at Wressle, near Scunthorpe, is now underway, the operator, Egdon Resources, said this morning.
Angus Energy has said it intends to return to its Balcombe oil exploration site in West Sussex later this year.
The exploration and production company, IGas, said today it was reviewing its capital spending plans with the increase in the oil price.
The company behind oil drilling at Horse Hill in Surrey said this morning it had taken a licence stake in south east Turkey in the hope of “rapid monetisation” of reserves.
The life of a suspended gas well, described by its operator as dry, was extended today by councillors in Lancashire.
Cuadrilla should be allowed to keep its long-standing Elswick gas production site, Lancashire planners said today, even though there’s been no extraction for more than seven years.