A UK’s mining education forum today warned that a shortage of suitably skilled graduates threatened the revival of the country’s mining sector and the future economy. EMPLOYMENT The UK Mining Education Forum (UKMEF) added that a modern, high-tech mining industry was essential to the future of the UK as British industry looks closer to home […]
Tag: oil and gas
United notes Optiva’s £33m valuation of Maria oil discovery
United Oil & Gas plc said that new research set a value of £33.5 million on the company’s Maria discovery in the Outer Moray Firth Basin in the Central North Sea. OPTIVA The company published a research note by Optiva Securities Ltd, which valued the asset at £33.5m or 5.2p per share on a risked […]
Harbour notes EIG reduction of shares to 16%
Harbour Energy plc said that investor EIG had reduced its notifiable interest in the company from 37% to 16%. BOARD MEMBERS In a statement, the oil and gas company added that the change reflected “a distribution of EIG’s shareholding in Harbour to certain of its underlying investors, rather than a sale of shares”. EIG is […]
Parkmead reports record revenue from Dutch gas assets
The Parkmead Group plc said it expected record gas revenues to exceed €14.5 million from its Dutch onshore gas assets as it also announced plans to accelerate new drilling. UNHEDGED The company added that for the year ended 30 June 2022, revenues were ahead of expectations. The figure was boosted by additional volumes from the […]
BGS submits report on shale gas extraction to Government
The British Geological Survey (BGS) said it had submitted its report to the Government on the latest scientific evidence around shale gas extraction. CONSIDERATION On 5 April 2022, Secretary of State Kwasi Kwarteng at the Department for Business, Energy & Industrial Strategy Strategy (BEIS) commissioned a review on the any recent developments on shale gas extraction. […]
Neptune joins zero methane emissions initiative
Neptune Energy said it had joined the aiming for zero methane emissions initiative designed to reduce emissions of greenhouse gas to near zero by 2030. TECHNOLOGIES Neptune already has its own target for zero methane emissions by the end of the decade. The Oil and Gas Climate Initiative (OGCI) developed the initiative for the oil […]