Neptune Energy said it planned to exceed net zero targets and store more carbon than it emits by 2030 from its operations in the North Sea. CCS The company is working on two carbon capture and storage (CCS) developments in the Dutch and UK sectors of the North Sea. In a statement Neptune added that […]
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Neptune unites business in management changes
Neptune Energy said it would unite its business as part of a range of staff changes to simplify its executive management team. SINGLE ENTITY Neptune’s UK and Norwegian businesses will be brought together and report to Neptune’s MD, Norway and the UK, Odin Estensen. The company will retain its offices in Aberdeen and Stavanger, with […]
Scotgold appoints Robert Young as VP of operations
Scotgold Resources Ltd announced it has appointed Robert Young as vice president of operations. The Australian-backed company is currently working to optimise the processing plant at Cononish mine, improve mining efficiencies and increase production in line with its 2022-2023 growth strategy.
Corcel grants 21m share options to directors-staff
Corcel plc has granted 20,606,278 five-year share options, of which 8,447,197 are under its existing enterprise management scheme, to directors and key staff. PREMIUM Each option carries one ordinary share of £0.0001 in the capital of the company at a strike price of £0.017, being a 26% premium to the most recent closing price of […]
Corcel chairman converts debt for project funds
Corcel plc’s chairman has converted £128,586 debt into 8,572,400 new ordinary shares, locked up for 18 months, to fund the company’s projects in Canada and Papua New Guinea. LOAN The debt was converted by C4 Energy Ltd, controlled by chairman and director James Parsons. Mr Parsons has now increased his indirect interest in Corcel through […]
Serica halts Rhum production
Serica Energy plc has temporarily shut down Rhum production in the UK Northern North Sea after identifying a fault in the subsea control module. REPAIRS The company said there were currently no safety or environmental issues associated with the fault. Serica plans to replace the control module with a spare module held in stock, which […]