Neptune Energy said that its targets and plans to reach net zero methane intensity by 2030 have been awarded gold standard status from the Oil & Gas Methane Partnership (OGMP). 2030 TARGET The company was required to outline a path to reduce methane emissions by 45% or more and to report progress annually. VP operations […]
Tag: oil and gas
Ascent secures non-recourse funding for Slovenia claim
Ascent Resources plc announced it had signed a binding damages-based agreement for its arbitration claim against the Republic of Slovenia. ARBITRATION Ascent said that the agreement was with Enyo Law LLP who filed the notice of dispute and represented the company in the pre-arbitration negotiations. The agreement will start arbitration proceedings against Slovenia under the […]
Deltic completes farm-out with Cairn
Deltic Energy plc has completed the farm-out of five of its southern North Sea gas licences with Cairn Energy plc. SEISMIC Both companies have received approval from the Oil and Gas Authority and entered into joint operating agreements for licences. The agreement, through Cairn’s wholly owned subsidiary Nautical Petroleum Ltd, was first announced in August […]
Neptune to help stranded dolphins, porpoise and whales
Neptune Energy is to help rescue and support further understanding of stranded dolphins, porpoise and whales on the Dutch coast and surrounding countries. PARTNERSHIP The company has started a new partnership with the SOS Dolfijn Foundation, and share its advanced emergency response systems and expertise to help rapidly mobilise teams of volunteers to provide aid […]
Cairn to change name to Capricorn Energy
Cairn Energy plc plans to change its company name to Capricorn Energy plc from 13 December 2021. INDIA TAX REFUND A company statement said that the move followed an agreement at the time of the Cairn India IPO that the name would ultimately be changed. “Given the recent legislative change in India and our participation […]
Cairn uses new scheme for $1.06bn tax refund from India
Cairn Energy plc said it would start filing documents under a new scheme for the refund of US$1.06bn taxes from the Indian government. LEGISLATION The company added it had entered into undertakings with the government to participate in the scheme introduced by recent Indian legislation, the Taxation Laws (Amendment) Bill 2021. This allows the refund […]