Orcadian Energy plc said it had submitted a draft field development plan to the North Sea Transition Authority (NSTA) and started a structured farm-out process for the Pilot oilfield, off the west coast of Aberdeen. PILOT The company also noted that the new Energy Profits Levy had “transformed economics of North Sea investment for tax-paying […]
Tag: oil and gas
IGas loses appeal against refusal for Ellesmere Port shale gas
Island Gas (IGas) Ltd has lost its appeal against council refusal for permission to extract shale gas at Ellesmere Port, Cheshire. APPLICATION The company’s application from 2017 was initially refused permission by Cheshire West and Cheshire Council, which led to IGas appealing and a public inquiry in 2019. The appeal was recovered by the secretary […]
Angus on verge of first gas at Saltfleetby
Angus Energy plc said commissioning experts were now handling the process to export sales gas from its project at Slatfleetby, Lincolnshire. TESTING The company added it now had all the equipment necessary on site. “Contractors are working toward a target date for first flow of well-head gas through the plant during the week commencing 20 […]
Baron relinquishes Peru legacy asset
Baron Oil plc said it had relinquished its legacy licence Block XXI – El Barco in Peru and had its US$160,000 bank guarantee returned. ABANDONMENT The company’s decision followed frustrated attempts to access the area to conduct operations. Baron Oil added that it would, through its subsidiary Gold Oil Peru SAC, work with the Peruvian […]
UKOG appeal approved for Loxley
UK Oil & Gas plc (UKOG) has received approval on appeal to the Government for its Loxley gas and hydrogen feedstock project in Surrey. APPEAL The county council has twice refused the application on PEDL234, which led the company to appeal to the secretary of state for levelling up, housing and communities. In January 2022, […]
Predator starts litigation over terminated CO2 EOR project
Predator Oil & Gas Holdings plc said it had started a litigation process over the £591,065 FRAM loan for its Inniss-Trinity carbon dioxide enhanced oil recovery (CO2 EOR) project in Trinidad. FRAM The company signed an agreement with FRAM Exploration Trinidad Ltd which is a wholly owned subsidiary of Challenger Energy Group plc. Predator added that […]