Egdon’s late life oil fields “unprofitable” at current prices
Egdon Resources has said it is cutting costs because low oil prices following the coronavirus outbreak have hit profitability in its fields.
Cuadrilla profits fall in “relentless and exhilarating year”
Cuadrilla saw profits drop by a third in 2018, according to annual accounts published this week.
Centrica payment puts Cuadrilla in profit
The shale gas company, Cuadrilla, has recorded an annual profit for the first time following a multi-million dollar payment from partner, Centrica.
IGas back in profit predicts 2018 will be “a defining year”
IGas declared a profit of £15.5m in 2017, after two previous years of loss.
IGas accounts show losses but company ready to submit drilling bid
IGas announced it would submit a planning application to drill exploratory wells in Nottinghamshire in the next quarter. The company in its annual accounts released today said if it received consent it would expect to start drilling in the first half of next year.
DRILL OR DROP? 