Neptune Energy has begun work on the tenth gas well with an infill drilling campaign at its operated joint venture Cygnus gas field in the southern North Sea. GAS HEATING Cygnus partners comprise Neptune as operator (38.75%) and Spirit Energy (61.25%). The company said that the operation had the potential to unlock enough gas to […]
Tag: oil and gas
Rockhopper awarded €190m in arbitration with Italy
Rockhopper Exploration plc has been awarded €190 million (£160m) compensation relating to the Ombrina Mare oil field dispute following the ICSID* arbitration with Italy. OUTCOME “The arbitration panel unanimously held that Italy had breached its obligations under the Energy Charter Treaty entitling Rockhopper to compensation,” added the company in a statement. “The award is final and binding […]
Scirocco sees TPDC waive right of first refusal over Ruvuma gas sale
Scirocco Energy plc said that Tanzania’s national energy company had confirmed it would not exercise its statutory right of first refusal over the investment company’s sale of its 25% interest in the Ruvuma gas asset. APT Tanzania Petroleum Development Corporation (TPDC) and project operator ARA Petroleum Tanzania Ltd (APT) both hold pre-emption rights. Scirocco added […]
Angus live tests hindered by well site issues
Angus Energy plc said it was encountering issues which halted live tests at its 100% owned Saltfleetby gas site in Lincolnshire. PLANT OPERATION On 12 July the company said that, following tests and inspections, first gas export into the grid (commercial sales) would be shortly after 18 July. Today via Twitter, Angus added that commissioning […]
Neptune starts drilling ninth Rӧmerberg production well
Neptune Energy has started drilling on a new production well and plans to increase production further at the joint venture Rӧmerberg oil field in the Rhine Valley, southwest Germany. RÖMERBERG The 50-50 JV is between the company as operator and licence owner Palatina GeoCon. Holding “significant” reserves, the 5–6 km² oil field was discovered in […]
Predator to raise £3.3 million via placing
Predator Oil & Gas Holdings plc is to raise £3.3 million via a placing to fund drilling at its onshore gas operations in Morocco. PLACING The company conditionally placed 60,000,000 new ordinary shares of no par value at 5.5 pence each, lower than yesterday (Tuesday)’s price of 8.3 pence. Predator said that the placing was significantly oversubscribed and […]