Orcadian Energy plc has been awarded two central North Sea licences, each in separate partnerships, in the 33rd licensing round. STRATEGY The mid-North Sea High licence contains shallow gas prospects and leads with up to 336bcf of gross prospective recoverable resource on a P50 basis, estimated by Orcadian as a guide. The two largest prospects of […]
Tag: oil and gas
Serica CEO and director Mitch Flegg to leave
Serica Energy plc chief executive and director Mitch Flegg is to step down after six years in the post and 40 years in the oil and gas industry. OUTSTANDING He will leave after publication of the company’s 2023 full year results and remain an adviser to Serica until after the general meeting expected in June. […]
Deltic awarded Dewar-Central Graben blocks
Deltic Energy plc has been provisionally awarded two central North Sea licences over three part-blocks covering 226km2 in UK’s 33rd offshore licensing round. LOW COST The North Sea Transition Authority (NSTA)’s tranche 2 awards are for blocks 22/24f (part) and 22/25e (part) over 80km2 within Dewar and blocks 29/4b across 146km2 in Central Graben. Deltic previously […]
Neptune completes asset sales to Eni-Vår Energi
Neptune Energy has completed the sale of Neptune Energy Group to Eni International BV and Neptune Energy Norge to Vår Energi ASA. Neptune’s assets in Germany will continue as a stand-alone entity, owned and operated by CIC, Carlyle and CVC Capital Partners. The transactions were first announced in June 2023 and expected to complete by […]
JOG issues shares in directors’ dealings
Jersey Oil & Gas plc (JOG) reported senior management and persons closely associated purchases of ordinary shares in the company. On 30 January, non-executive chairman Les Thomas and his wife bought 10,000 ordinary shares at 180p per ordinary share, taking their holding to 43,000 equal to 0.13% of the enlarged capital of the company. Non-executive […]
Europa given time to study Inishkea
Europa Oil & Gas (Holdings) plc has been granted a two-year extension to Phase 1 of FEL 4/19, containing the Inishkea prospect, in the Slyne basin offshore Ireland. During the period, the operator intends to carry out further technical studies and secure a partner to develop its 100%-owned 945km2 licence. The primary target is the […]