IGas Energy plc has appointed Doug Fleming to the board as an independent non-executive director and a member of the audit committee with immediate effect. Mr Fleming’s senior expertise draws on 27 years’ working in exploration and production, corporate banking and venture capital. In 2014, he was part of the team that founded Siccar Point Energy […]
Tag: oil and gas
Angus gas production exceeds predicted volumes
Angus Energy plc reported gas production in excess of predicted volumes at Saltfleetby gas field, east Lincolnshire. GAS VOLUMES The company said its quarterly figures of gas volumes produced and sold equalled 5.6 million Therms in aggregate for October, November and December combined. This equated to 1.87 million Therms per month, which Angus said was […]
Helium One reviews rig options for Rukwa
Helium One Global plc is reviewing alternative rig options after the expected rig became unavailable for Phase II drilling operations at Rukwa, Tanzania. EXHALO RIG The company had expected the Exhalo rig to mobilise in early 2023 and continued negotiations until it was yesterday “unexpectedly notified” that the current operator had decided to retain the […]
Reabold completes acquisition of Simwell
Reabold Resources plc has completed its £1 million acquisition in cash and shares of Simwell Resources Ltd. ADJUSTMENT OF TERMS Simwell holds minority interests in four UK licences with partners Shell UK Ltd, Horizon Energy Partners Ltd and Ardent Oil Ltd in the Southern North Sea. The sales and purchase agreement (SPA) announced in September 2022, […]
Neptune to use offshore wind for North Sea assets
Neptune Energy hopes to extend the life of its producing fields by powering new integrated energy hubs in the UK North Sea with offshore wind-generated electricity. INTEGRATED ENERGY HUBS The company today signed a memorandum of understanding with Ørsted and Goal7 to examine the potential of supplying renewable electricity from Ørsted’s Hornsea offshore windfarm projects […]
EnQuest PDMRs purchase 4.4m shares
EnQuest plc published details of directors and persons closely associated with them purchasing a total of 4,392,142 shares in the company. PDMRs Double A Limited, a company beneficially owned by the extended family of EnQuest chief executive officer Amjad Bseisu, purchased 4,222,033 ordinary shares of £0.05 at a price of £0.2101 each, for a total […]