Rockhopper Exploration plc has recruited former Capricorn Energy chief executive officer Simon Thomson and chief operating officer Paul Mayland to develop its South Falklands assets. ARRIVALS Mr Thomson becomes non-executive chairman and Mr Mayland is appointed independent non-executive director (NED), effective 1 October 2023. Mr Thomson was chief executive officer of Cairn Energy, later renamed […]
Tag: Capricorn Energy plc
Deltic exits three southern North Sea gas licences
Deltic Energy plc will withdraw from three of its five joint venture gas licences in the southern North Sea following its partner Capricorn Energy‘s move to focus on its own Egyptian assets. NEW PARTNERS Deltic, which is rationalising and “high grading” its portfolio, will withdraw from P2560, P2561 and P2562 while retaining P2567 (Cadence) and […]
Capricorn’s payment from Sangomar at risk
Capricorn Energy plc’s expected $25 – $50m contingent payment hangs in the balance after first oil was moved to next year from the Sangomar field development, offshore Senegal. AGREEMENT The change of date comes after Australian operator Woodside Petroleum’s today targeted first oil, initially due in late 2023, to mid-2024. Capricorn said that it would […]
Capricorn pays $4.3m to governments for 2022
Capricorn Energy plc reported a total $4,339,000 payments during 2022 to governments for its oil and gas assets. The company paid $2,503,000 to Mexico; £264,000 to the UK; £1,515,000 to Mauritania; and $57,000 to Israel. Payments are for licence fees and also include £4,000 taxes in the UK.
Capricorn appoints Hesham Mekawi as deputy chairman
Capricorn Energy plc has appointed Hesham Mekawi as non-executive deputy chairman. Appointed as a director in February, Mr Mekawi is an Egyptian national resident in Cairo and long-time former regional president of BP North Africa. His role will be to focus on supporting and working closely with chief executive officer Randy Neely to address the […]
Capricorn cuts costs by $35m
Capricorn Energy plc has reduced general and administrative costs by an initial $35 million as it continues to focus more on its assets in Egypt. DIVESTMENTS Chief executive officer Randy Neely added at today’s general meeting that the company would pursue “further meaningful cost savings.” The cost-cutting measures also extend to Capricorn’s assets outside Egypt, […]