Deltic Energy plc said its potential Norwegian purchaser Blue Concept Hld AS did not intend to make an offer for the company. SELENE The news follows Neo Next+ Energy Upstream UK Ltd’s £7.2 million cash offer on 7 April 2026 for the UK North Sea-focused explorer. The sale is expected to become effective during the […]
Tag: oil and gas
EnQuest agrees $833m acquisition of Malaysia PSCs
EnQuest plc has agreed an aggregate $833 million (£622m) purchase of four production sharing contracts offshore Malaysia, expanding its position in Southeast Asia. PRODUCTION The acquisition is through three separate farm-out agreements, covering the PSCs, with state-owned Petronas Carigali SDN. BHD. and E&P Malaysia Venture Sdn. Bhd. Of the total sum payable, $554m (£413m) is […]
Harbour NED steps down
Harbour Energy plc’s BASF-nominated non-executive director Hans-Ulrich Engel has stepped down, after the German company’s holding in the oil and gas producer fell below 25%. ASSETS Under the September 2024 agreement, BASF Handels-und Exportgesellschaft mit beschränkter Haftung was entitled to nominate two directors to the Harbour board. Following Mr Engel’s departure on 8 June 2026, […]
Union Jack secures £1m loan from Egdon
Union Jack Oil plc has agreed a £1 million secured term loan facility from Egdon Resources UK Ltd, operator of the Wressle joint venture oil field in North Lincolnshire. CONDITIONS Union Jack will use the funds as additional working capital for general corporate purposes. The company holds 40% of Wressle, which lies within PEDLs 180 […]
Prospex CEO increases shareholding
Prospex Energy plc chief executive officer Tom Reynolds has bought 698,549 ordinary shares of 0.1 pence each in the company, at an 3.58p per ordinary share. Following the £25,000 transaction on 4 June 2026, Mr Reynolds has a beneficial interest in 698,549 ordinary shares, representing 0.16% of the company’s total issued share capital. Prospex holds onshore […]
Helium One JV agrees initial off-take for Galactica
Helium One Global Ltd joint venture has agreed an initial off-take agreement for output from the Pinon Canyon processing plant at the Galactica project in Las Animas County, Colorado, USA. RUKWA Partner and operator Blue Star Helium signed the three-month transaction with a “major US industrial gases purchaser” for the plant’s early production. Negotiations continue […]