Union Jack Oil plc announced it had achieved $US3 million (£2.2m) net revenues since production restarted from the Wressle oil and gas development in Lincolnshire. PRODUCTION The company holds a 40% economic interest in the project’s licences PEDL180 and PEDL182 where production restarted on 19 August 2021. Union Jack said that current daily production figures […]
Tag: oil and gas
Capricorn appoints Luis Araujo as independent NED
Capricorn Energy plc has appointed Luis Araujo as an independent non-executive director (NED) with effect from 11 May 2022. Mr Araujo has more than 38 years’ experience in the oil and gas and energy markets, predominantly in Brazil and Scotland. He was chief executive officer and president of Aker Solutions from 2014 to 2020 and […]
Stormy weather delays IOG first gas
IOG plc said that the current storms had delayed first gas until March from its Saturn Banks gas project in the Southern North Sea. SATURN BANKS The Phase 1 project comprises the Blythe, Elgood and Southwark fields in which IOG owns a 50-50 interest with CalEnergy Resources. STORMY WEATHER The company said that the Saturn Banks reception facilities preparation […]
IOG expects Southwark drilling to resume in March
IOG plc said it expected to continue drilling at Southwark in March after unstable conditions due to seabed scouring forced a suspension of operations in January. SEABED PADS The company said that experts had defined the forward plan with the rig owner’s agreement. “This essentially entails creating pads on the seabed with suitable sized rocks […]
Court ruling allows UKOG to continue oil production at Horse Hill
UK Oil & Gas plc said that a court ruling has allowed it to continue oil production at Horse Hill in Surrey for the rest of the field’s commercial life. COURT OF APPEAL The company added that the Court of Appeal had refused an appeal by Finch et al to overturn the December 2020 Judicial […]
Neptune announces death of Egypt managing director
Neptune Energy said it was profoundly shocked and sad at the death of engineer Mohamed Mounes Shahat who was the company’s managing director in Egypt. RESPECTED Mr Mounes died today, 17 February. Prayers will be held tomorrow in New Cairo. In a statement, Neptune said that he was highly respected at Neptune and across the […]