Tullow Oil plc said has filed requests for arbitration with the International Chamber of Commerce in London for two disputed tax assessments totalling US$387 million from the Ghana Revenue Authority (GRA). BREACH OF RIGHTS “The assessments relate to the disallowance of loan interest deductions for the fiscal years 2010 – 2020 and proceeds received by Tullow Oil […]
Legal
NSTA sanctions EnQuest and fines Spirit
EnQuest plc and Spirit Energy Ltd are two of three operators fined a total £265,000 for breaches in operations by the North Sea Transition Authority (NSTA). PENALTIES EnQuest was sanctioned and fined £150,000 for flaring an excess 262 tonnes of gas on the Magnus field between 30 November and 1 December 2021 “despite knowing that […]
Flintridge risked lives from rock fall and drowning
Flintridge Resources Ltd was fined £120,000 after pleading guilty to exposing mine workers to risks from rock fall and drowning in Cavanacaw gold mine near Omagh, Northern Ireland. UNSTABLE In mid-November, the Health and Safety Executive Northern Ireland (HSENI) prosecuted the company at Dungannon Crown Court for health and safety failings. “In July 2018, mine […]
NSTA investigates suspected breach of licence condition
The North Sea Transition Authority (NSTA) is investigating an operator suspected of breaching one of its licence conditions. OBLIGATIONS The regulator will assess whether the licensee conducted a well test – intended to gauge whether or not the reservoir can produce oil or gas – without consent and failed to provide timely notification of the […]
Rockhopper faces application to annul €190m award
Rockhopper Exploration plc said that the Italian Government had applied for an annulment of €190 million compensation for the company over the Ombrina Mare oil field dispute. APPLICATION In August the International Centre for Settlement of Investment Disputes (ICSID) arbitration held that Italy had breached its obligations under the Energy Charter Treaty. Rockhopper added that on 28 […]
IGas mulls legal action on hydraulic fracturing ban
IGas plc today said it reserved the right to pursue legal action to recover losses from its onshore gas licences following the Government’s decision to reimpose the ban on hydraulic fracturing. GAINSBOROUGH TROUGH The company was responding to the Prime Minister‘s decision yesterday to re-impose the moratorium on hydraulic fracturing and a statement by the […]