United Oil & Gas plc said it had terminated the agreement with Quattro Energy Ltd to sell its licences in the UK Central North Sea. AGREEMENT The Oil and Gas Authority (OGA) awarded United licence P2480 in its the 31st Licensing Round in August 2019 and licence P2519 in the 32nd Licensing Round, in December 2020. In September 2021, United […]
Tag: oil and gas
VOG to raise $1.15m with major shareholder Hadron
Victoria Oil & Gas plc (VOG) has agreed a US$1.15 million unsecured loan note with one of its major shareholders Hadron Master Fund. TERMS The company said it had entered into a definitive agreement and will receive the proceeds by 4 April 2022. VOG will repay 110% of the aggregate loan note principal amount without […]
Europa ends plan to acquire Ireland licence
Europa Oil & Gas (Holdings) plc today reported the cancellation of its acquisition of the Frontier exploration licence (FEL), offshore Ireland. NOTIFICATION In June 2020, Europa announced the conditional purchase of a 100% interest in FEL 3/19 near the Corrib gas field from Norwegian company DNO North Sea (UK) Ltd. “Europa has received notification from DNO […]
Neptune plans to exceed net zero targets
Neptune Energy said it planned to exceed net zero targets and store more carbon than it emits by 2030 from its operations in the North Sea. CCS The company is working on two carbon capture and storage (CCS) developments in the Dutch and UK sectors of the North Sea. In a statement Neptune added that […]
Neptune unites business in management changes
Neptune Energy said it would unite its business as part of a range of staff changes to simplify its executive management team. SINGLE ENTITY Neptune’s UK and Norwegian businesses will be brought together and report to Neptune’s MD, Norway and the UK, Odin Estensen. The company will retain its offices in Aberdeen and Stavanger, with […]
Serica halts Rhum production
Serica Energy plc has temporarily shut down Rhum production in the UK Northern North Sea after identifying a fault in the subsea control module. REPAIRS The company said there were currently no safety or environmental issues associated with the fault. Serica plans to replace the control module with a spare module held in stock, which […]