Revenue quadruples at Europa Oil & Gas
The Wressle production site in Lincolnshire has helped Europa Oil & Gas quadruple its annual revenues.
The Wressle production site in Lincolnshire has helped Europa Oil & Gas quadruple its annual revenues.
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The shale gas company, IGas, said today it could drill 80 wells by this time next year, with the “right government support”.
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The operator of the Wressle oil field in North Lincolnshire reported a 500% increase in oil and gas revenues in its latest interim accounts today.
More than three-quarters of people want a windfall tax on fossil fuel companies, according to a national survey published today.
IGas has confirmed it has relinquished the Tinker Lane shale gas licence in Nottinghamshire and written off £10m in exploration costs. But the company said it was continuing to work with regulators and government to end the moratorium on fracking in England.
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In this guest post, Chris Hesketh makes the case for a post-Covid-19 recovery without fracking or unconventional gas extraction.