IGas Energy plc announced that non-executive director (NED) Tushar Kumar will resign with immediate effect to assume a new role at another investment company. Mr Kumar was one of two NEDs appointed to the IGas board by Kerogen Capital. The private equity fund manager’s other nomination Philip Jackson remains on the board. Kerogen Capital retains the […]
Tag: oil and gas
Neptune spuds Adorf Z17 gas appraisal well
Neptune Energy has started drilling its operated Adorf Z17 gas appraisal well to a depth of some 4,600m in Georgsdorf, northwest Germany. OPERATIONS Rig operator KCA Deutag expects to reach the target depth in October 2022. KCA Deutag will remove an estimated 1,000 tonnes of CO2 emissions from the drilling operation by using power from […]
Orcadian to raise £1 million via placing
Orcadian Energy plc said it is to raise £1 million gross through the placing of 2,857,143 ordinary shares to certain institutional and other investors at a price of 35 pence per share. DIRECTOR DEALING Chief financial officer Alan Hume has subscribed for 228,571 placing shares for £80,000, taking his total held to 4,036,960, representing 6.1% of the enlarged […]
Deltic partner Shell awards Pensacola rig contract
Deltic Energy plc’s joint venture partner Shell UK Ltd has awarded the rig contract to drill the Pensacola gas exploration well within licence P2252 in the southern North Sea. SCHEDULE The Maersk Resilient, which has been under contract to Shell since the start of June, will drill the well. The rig is currently drilling a […]
Angus starts commissioning Saltfleetby field
Angus Energy plc announced the conclusion of leak testing and the start of commissioning of the Saltfleetby gas field, in east Lincolnshire. OUTPUT The company said it expected commissioning to take between one and two weeks with a target date for first gas export (sales) between the 7 and 12 July. “The hedged volume for July […]
Hurricane appoints Robin Allan as independent NED
Hurricane Energy plc has appointed Robin Andrew Allan as an independent non-executive director, effective from 1 July 2022. Mr Allan will chair the environmental, social and governance (ESG) committee, and become a member of the technical committee. His experience includes executive roles with Premier Oil, including director North Sea and exploration, and chairman of BRINDEX, […]