Neptune Energy plc announced that drilling had begun on four production wells on the Fenja field in the Norwegian Sea. FINAL PHASE The company said that the wells were being drilled by the Deepsea Yantai, a semi-submersible rig, operated by Odfjell Drilling. The Fenja development consists of two subsea templates tied back to the Njord […]
Tag: oil and gas
EnQuest completes 26.69% purchase in Golden Eagle
EnQuest plc has completed its purchase of a 26.69% non-operated interest in the Golden Eagle area development in the North Sea. PARTNERS The project includes the Golden Eagle and Peregrine fields in blocks 20/1, 20/1N and 14/26a, located 110km northeast of Aberdeen. “As a highly cash generative asset, delivering material incremental production, reserves and resources, […]
Reabold directors buy 43.3m ordinary shares
Reabold Resources plc announced purchases of ordinary shares of 0.1 pence each in the company in the market by certain directors of the company. DIRECTORS The directors’ dealings are: Director Date of purchase No. of Ordinary Shares Purchased Price of Ordinary Shares purchased (pence) No. of Ordinary Shares of beneficial interest following purchase Percentage of […]
Scirocco JV approves Ruvuma work programme
Scirocco Energy plc said that the 2022 work programme and budget had been approved for the Ruvuma joint venture (JV) in Tanzania. RUVUMA The investment company holds a 25% working interest in the licence which is operated by ARA Petroleum Tanzania Ltd (APT). Approximately 90% of the licence lies onshore with the remainder offshore. PROGRAMME […]
Reabold signs equity exchange deal with Daybreak
Reabold Resources plc has signed a conditional equity exchange agreement with American OTC traded oil and gas operator, Daybreak Oil and Gas Inc, with assets in California. TRANSACTION The transaction will see the investment company become a major shareholder of Daybreak through the issue of new Daybreak shares to Reabold. In exchange, Daybreak will acquire […]
UKOG looks to new strategy after Arreton appraisal refused
UK Oil & Gas plc (UKOG) plans to switch to international, geothermal and hydrogen projects after being refused permission to appraise and test the Arreton oil and gas discovery on the Isle of Wight. RESEARCH Arreton lies within the 200 km² PEDL331 in which the company holds a 95% operated interest and a two-year extension July […]