Serica Energy plc has acquired the Lancaster field following its completed £14.5 million acquisition of Prax Upstream Ltd from Prax Exploration & Production. COMPANY MOVES The company also assumed PUL’s cash balance, equivalent of $34m (£25.4m), of which $12m (£9m) is restricted to cover demobilisation of the Aoka Mizu floating production, storage and offloading vessel. […]
Company Moves
Harbour appoints Gregory Hill as NED
Harbour Energy plc has appointed Gregory Hill as an independent non-executive director on the board, effective from 1 January 2026. Shareholders will vote on Mr Hill’s election at the company’s 2026 general meeting. He is expected to serve on the audit & risk and health, safety, environment & security committees. Mr Hill’s global energy leadership […]
Anglesey to cancel £4m debt with assets transfer
Anglesey Mining plc aims to cancel £4 million of debt by transferring its iron ore interests in Sweden and Canada to its largest creditor, Energold Minerals Inc. INVESTMENT The North Wales explorer, which as at 31 August 2025 held £26,271, will then focus solely on the Parys Mountain polymetal project. The move follows a binding […]
Tungsten West appoints Phil Povey as CFO
Tungsten West plc has appointed current interim chief financial officer Phil Povey permanently to the post and as an executive director on the board, with immediate effect. Mr Povey has more than 18 years’ international experience in mining and mining services, covering financial management, commercial strategy and operational leadership. He has proven ability to build […]
Tullow chairman steps down in board overhaul
Tullow Oil plc chairman and non-executive director Phuthuma Nhlekohas has stepped down with immediate effect, to focus on “other business interests”. His departure is one of a series which includes independent NEDs Genevieve Sangudi, Martin Greenslade and Mitchell Ingram who also leave immediately. The company has appointed Roald Goethe as the new independent non-executive chairman […]
WGE- Acrux to explore Caledonian gold project
Western Gold Exploration Ltd has agreed a joint venture with the owner of the Cononish mine to explore for precious metals and critical minerals in the Caledonian gold project in central Scotland. TERMS The company’s subsidiary, Lorne Resources Ltd, and Acrux Gold Ltd signed a shareholder agreement on 25 November 2025 to create Glen Lyon […]