Tullow Oil plc has appointed non-executive director (NED) Martin Greenslade as senior independent NED. He replaces Jeremy Wilson who will retire at the end of November. Mr Greenslade will also be a member of the nominations and remuneration committees. The company has also appointed NED Genevieve Sangudi as a member of the audit committee. Tullow […]
Tag: oil and gas
Tullow Oil senior independent NED Jeremy Wilson to retire
Tullow Oil plc senior non-executive director Jeremy Wilson will retire after completing nine years on the board. He has also stepped down from the nominations, remuneration and audit committees. EXPERIENCE Chairman Phuthuma Nhleko said that Mr Wilson had been a source of great counsel for him since becoming chairman. “I also know that my […]
IOG revises guidance following Saturn Banks issues
IOG plc has revised production guidance following drilling fluid losses, production constraints and a planned suspension of operations at its Saturn Banks project in the Southern North Sea. GUIDANCE Phase I of the project entails the development of the Blythe, Elgood and Southwark fields. IOG has revised the expected average gross production rate over H2 […]
Europa repays £1m loan to Union Jack
Europa Oil & Gas (Holdings) plc said it had repaid in full the £1 million loan from Union Jack Oil plc to drill the SA02 well in the Serenity field. TERMS The loan was secured against a 10% interest in the Wressle field (PEDL180 and PEDL182), including the associated infrastructure. Europa has also repaid the […]
Angus NED Paul Forrest sells 2m shares for £44,000
Angus Energy plc non-executive director Paul Forrest sold 2,000,000 ordinary shares of 0.002p each at an average price of 2.2 pence, for approximately £44,000. The sale on 7 October 2022 leaves Mr Forrest’s total shareholding in the company at 536,750,000 ordinary shares, representing 18.56% of Angus Energy’s issued share capital.
UKOG urges planning changes as Loxley challenge is rejected
UK Oil & Gas plc urged the Government to implement quickly its changes to the planning system after the High Court rejected challenges to the Loxley gas project in Surrey. JUDICIAL REVIEW Waverley Borough Council and Protect Dunsfold were each unsuccessful in their requests for a judicial review and ordered to pay £8,835 and £3,000 […]