I3 Energy plc said that three funds gained £16.2 million after selling an aggregate of 60 million ordinary shares in the company each at 27 pence. SELLERS The sellers are Bybrook Capital Master Fund LP, Bybrook Capital Hazelton Master Fund LP and Bybrook Capital Badminton Fund LP. Cairn Capital Ltd acted for and on behalf […]
Tag: oil and gas
Neptune to use renewable electricity for German assets
Neptune Energy will reduce emissions by more than 11,000 tonnes of CO2 per year after securing new renewable electricity supplies for its operated onshore assets in Germany. NORWAY The decrease is a 40% reduction in the company’s scope two emissions in the country. Neptune uses electricity from shore at its operated Gjøa field in Norway […]
United Oil & Gas appoints Peter Dunne as CFO
United Oil & Gas plc has appointed Peter Dunne as chief financial officer (CFO), effective from today, 5 May 2022. Mr Dunne will also be appointed a director and as company secretary at the end of the general meeting on 1 June 2022. David Quirke will step down as director and company secretary on the […]
Ascent notifies Slovenia of further treaty breaches
Ascent Resources plc said it had formally notified the Slovenian Government of further claims of treaty breaches over its hydrocarbon operations in the country. COMMITTED The company refers to the UK-Slovenia Bilateral Investment Treaty (BIT) and the Energy Charter Treaty (ECT). Ascent added that Slovenia’s recent actions include a ban on “holders of mining rights […]
Hurricane swings to profit in year of ‘profound change’
Hurricane Energy plc said it ended 2021 in a much stronger position than at the start, with a “solid financial platform and very good operational performance” at its Lancaster field, west of Shetland. FINANCES For the period ended 31 December 2021, the company reported revenues of $240.5 million from seven liftings of Lancaster crude (2020: […]
Europa appoints Will Holland as CFO-executive director
Europa Oil & Gas (Holdings) plc has appointed Will Holland as chief financial officer (CFO) and executive director effective 1 June 2022. He has been consulting for Europa since November 2021 and orchestrated the equity raise for the Serenity farm-in, and will now join full time. Mr Holland’s career spans more than 25 years in […]