Tullow Oil & Gas plc announced that its chief financial officer (CFO) Les Wood has left, as previously arranged, after a total eight years with the company. Mr Wood, who has been CFO for the past five years, joined Tullow during 2014 as the group’s vice president for commercial and finance. He will be replaced […]
Tag: oil and gas
United to receive $2.5m from Hibiscus in Crown settlement
United Oil & Gas plc said it had today signed a confidential settlement agreement with Anasuria Hibiscus UK Ltd (AHUK) for the Crown disposal milestone payment. PAYMENT The Crown discovery lies in licence P2366 across Blocks 15/18d and 15/19b. “AHUK has agreed to pay United a total of US$2,500,000 (payable in three instalments between the date […]
Angus to resume Brockham oil production
Angus Energy plc said it had received an updated permit allowing re-injection of produced water and production at its Brockham oil site in Surrey. REQUIREMENTS The company added it would upgrade the project to meet DSEAR (Dangerous Substances and Explosive Atmospheres Regulations 2002) requirements. Once completed, Angus will resume production from BRX2-Y at Brockham in […]
Angus issued variation notice for Saltfleetby permit
Angus Energy plc said that the Environment Agency had issued its variation notice for the company’s existing Saltfleetby gas field permit in East Lindsey, Lincolnshire. PERMIT The site permit now encompasses the new activities of processing and compressing of gas for direct export to National Grid. Angus added it needed no further regulatory or planning […]
Tullow completes deal on Jubilee and TEN fields in Ghana
Tullow Oil plc has completed the pre-emption transaction to take its interests to 38.9% in the Jubilee field and to 54.8% in the TEN fields in Ghana. PRODUCTION The pre-emption relates to the sale of Occidental Petroleum’s interests in the Jubilee and TEN fields in Ghana to Kosmos Energy. The $118 million payment sees an […]
Neptune finds hydrocarbons at Hamlet
Neptune Energy and its partners today announced it had encountered hydrocarbons at the Hamlet exploration well in the Norwegian North Sea. EARLY STAGE The joint venture decided to start coring at the reservoir, located within the Gjøa licence (PL153), although it has yet to confirm if commercial volumes are present. In a statement Neptune added […]