Horse Hill oil production falls – latest data
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.
First official Horse Hill oil production data
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.
Site work begins at Wressle – Egdon Resources
Work on the oil site at Wressle, near Scunthorpe, is now underway, the operator, Egdon Resources, said this morning.
Angus Energy “to return to Balcombe” in autumn 2020 + Brockham and Saltfleetby updates
Angus Energy has said it intends to return to its Balcombe oil exploration site in West Sussex later this year.
IGas to revisit spending plans as oil price rises
The exploration and production company, IGas, said today it was reviewing its capital spending plans with the increase in the oil price.
UKOG buys into “irresistible” Turkish licence
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.
Council extends life of Cuadrilla’s Elswick gas site – subject to traffic plan
The life of a suspended gas well, described by its operator as dry, was extended today by councillors in Lancashire.
Planners back five more years at Cuadrilla’s suspended gas site
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.
Losses mount at IGas
IGas declared a pre-tax loss of £59.1m for 2019 in its group annual results published today. This was up from £25.1m in 2018.
Investor prepares to buy UK onshore oil and gas company
A UK onshore oil and gas company could be bought up by the investment company Metal NRG by the end of the summer.
