Ascent Resources plc today said it had reached an agreement over further hydrocarbon revenues from the joint venture (JV) operations within the Petisovci concession area in Slovenia. DISPUTES The legacy disputes are between the company and its Slovenian JV partner Geoenergo and the JV operating service provider Petrol Geo. In August 2022, Ascent received its […]
Tag: oil and gas
Corallian sells for £32m to Shell UK
Reabold Resources plc reported the execution of the £32 million sale of its investee company Corallian Energy Ltd, holding the Victory discovery, to Shell UK Ltd. OPPORTUNITIES The investment company added it expected completion of the deal and initial gross consideration payment of £10m, c.£3.2m net to Reabold, will be during Q4 of 2022. Reabold […]
Neptune awards $53m contract to CHC
Neptune Energy awarded a $53 million contract to CHC Helicopters to optimise flight schedules and reduce emissions for offshore transport in the Dutch North Sea. AGREEMENT CHC will provide regular transport to and from the 29 offshore platforms in the Netherlands. The contracts are part of a longer term alliance agreement with CHC which will […]
Union Jack increases share in Egdon
Union Jack Oil plc has increased its share to 3.13% in Egdon Resources, the operator of the hydrocarbon joint venture (JV) at Wressle, North Lincolnshire. NET REVENUES The news comes as Union Jack reported net revenues of US$10 million from the JV in PEDL180 and PEDL182 since the restart of production in August 2021. The […]
Angus NED Cameron Buchanan leaves
Angus Energy plc independent non-executive director (NED) on the board, Cameron Buchanan, has left. Mr Cameron became NED in 2016 and occasionally stepped in as acting chairman. He will be replaced by NED Krzysztof Zielicki.
Predator firm on legal action if FRAM loan remains unresolved
Predator Oil & Gas Holdings plc said it would continue the legal process if issues remain unresolved over a loan for the CO2 enhanced oil recovery (EOR) pilot project at the Inniss-Trinity field, onshore Trinidad. FRAM LOAN In June 2022, the company announced it had started a litigation process over the £591,065 FRAM loan for […]