Helium One Global Ltd has appointed Nigel Friend to the board as a non-executive director with immediate effect. Mr Friend has more than 35 years’ experience in the oil and gas industry and corporate finance. Over his career he has developed extensive expertise in successfully growing companies through a clear focus on cash generation. As […]
Tag: oil and gas
Predator Oil & Gas raises £1m via placing
Predator Oil & Gas Holdings plc said it had raised £1.035 million after conditionally placing 11,500,000 new ordinary shares of no par value at nine pence each. USES An executive director of the company Lonny Baumgardner participated for ordinary shares for £50,000, which is the equivalent to 4.83% of the placing. The company added that the placing […]
Hurricane records 9,394 bopd during February
Hurricane Energy plc produced 9,394 barrels of oil a day in February but lifted no cargo at its Lancaster field, West of Shetland. OPERATIONS As of 15 March 2022, Lancaster was producing circa 9,250 bopd from the P6 well alone with an associated water cut of c.42%. The next cargo is anticipated to be lifted in late March 2022. […]
West Newton JV granted more time to drill
Rathlin Energy (UK) Ltd has been granted permission for drilling and production as well as more time for further exploratory drilling at the West Newton joint venture in East Yorkshire. DEVELOPMENT The operator can undertake drilling and production at the West Newton A site and exploratory drilling at the West Newton B. Partner Reabold […]
United hits 25.5m net oil pay across multiple reservoirs at Abu Sennan
United Oil & Gas plc said its eighth consecutive well had exceeded pre-drill expectations by meeting 25.5m of net pay across multiple oil-bearing reservoirs at Abu Sennan, onshore Egypt. ASD-2 Site operator Kuwait Energy Egypt drilled the ASD-2 development well to test the north-western culmination of the commercial discovery in the ASD field. ASD-2, the […]
IOG marks first gas from Blythe
IOG plc announced first gas from the Blythe well in the company’s Phase I of its joint venture Saturn Banks joint venture project in the Southern North Sea. PRODUCTION The company’s partner is CalEnergy Resources and its owner Berkshire Hathaway Energy. IOG today said it had successfully completed backgassing over the past week to enable […]