Oil prices are continuing to climb toward the $100 mark this week thanks to supply disruptions in Libya and expectations of a further U.S. inventory draw. As the oil markets

Oil prices hovered above $90 a barrel on Friday, on track to end the week higher as investors chose to focus on tighter supply, despite broader macroeconomic uncertainty. Both oil

Egdon Resources plc has started to install artificial lift on the Wressle-1 oil well to optimise production at the joint venture project in North Lincolnshire. The partners on PEDL180 and 182

Egdon Resources sale to Petrichor Partners LP has progressed following satisfaction of the oil and gas regulator’s condition. The purchaser has confirmed receipt of the North Sea Transition Authority’s ‘comfort letter’ in

The International Energy Agency (IEA) says that global oil demand has hit a record and may rise further in August, reports the Financial Times. The paper continues: “Demand reached an

Egdon Resources plc will become operator of the onshore Weaverthorpe gas prospect after exercising a farm-in option and signing a further agreement for the North Yorkshire project. The company has

Egdon Resources PLC on Monday said it has exercised its farm-in option for the onshore production licence PL081 in the UK North Sea under its agreement with York Energy (UK)