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Chevron cuts 2016 spending by 24%, plans bulk of costs on international projects:

Oil giant Chevron said it will cut its budget by 24% next year as it aims to control spending following the decline in oil price.

The company said it would spend $26.6billion in 2016, with the bulk of spending planned on international oil and gas exploration and production projects.

Chevron has…

Egdon presses ahead with English oil and gas discovery:

Egdon Resources is to press ahead with its plans for the Wressle oil and gas discovery located to the east of Scunthorpe in Lincolnshire, England .

The company said it was now sufficiently comfortable to continue working towards compiling a field development plan on licence PEDL180 without requiring further time-consuming…

Egdon Resources sees promising results from Wressle-1:

Egdon Resources has revealed encouraging results from the pumped test carried out at the Wressle-1 oil and gas discovery in licence PEDL180 in England.

The company said assessments carried out over the Penistone flags zone 3A showed a production rate of more than 180 barrels of oil equivalent per day.


Cuadrilla fracking decision expected today:

Councillors are finally expected to rule today whether fracking can go ahead in Lancashire.

Energy firm Cuadrilla wants to explore for shale gas by drilling, hydraulically fracking and testing the flow of gas at site near Little Plumpton between Preston and Blackpool.

Planning officers have recommended the plans should be passed…

Councillors to discuss Caudrilla fracking plans:

Councillors will meet today to discuss plans to frack for shale gas.

Energy firm Cuadrilla wants to develop two new sites between Preston and Blackpool to explore for shale gas by drilling, fracking and testing the flow of gas.

A report from Lancashire County Council planning officials recommended that one of…

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