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.
Production from the Wressle oil site near Scunthorpe will break even at $17.62 a barrel, the operator, Egdon Resources, has said. In an update, the company’s managing director, Mark Abbott, said: “Our modelling shows that the Wressle development is economically robust at and below the current oil price […]
UKOG has announced that it has consent for long-term production from its Horse Hill site in Surrey from the Oil & Gas Authority (OGA).
Production at Angus Energy’s Saltfleetby gasfield and oil flow at Balcombe would “mark a turnaround in the group’s fortunes” and bring “material cash flow for the first time”, the company said today.
Planning approval at an onshore drilling site in Surrey did not need to take into account the climate effects of burning produced oil, a High Court judge ruled this morning.
Measures to protect the environment during proposed work at the Balcombe oil site in West Sussex are “inadequate, incomplete and misleading”, villagers have complained.
A Surrey resident is going to the High Court for the right to challenge the approval of 20 years of oil production at the Horse Hill site near Gatwick Airport.