Deltic Energy plc and its partner have completed the geophysical site survey over the planned Pensacola gas exploration well site in the southern North Sea. PROGRESS Fugro GB North Marine Ltd, for Deltic and operator Shell UK Ltd, began the survey within licence P2252 on 8 September and finished on 14 September. Interpretation of results […]
Tag: oil and gas
UKOG completes upgrade at Horse Hill oil field
UK Oil & Gas plc said that a planned two-week production facility upgrade had been completed at its majority owned Horse Hill oil field in Surrey. PRODUCTION This included modifications to prepare the site for automated 24-hour continuous production and installation of the first tranche of permanent facility equipment. The work is required under the Health and […]
Hurricane production returns to pre-shutdown levels
Hurricane Energy plc announced that production had returned to pre-shutdown levels at its operations in the Lancaster field, West of Shetland. CARGO The company said that the production rate immediately following the annual shutdown was increased leading to the average oil rate for August being higher than in previous months. The 24th cargo of Lancaster oil […]
Tullow Oil chief executive officer Les Wood to leave
Tullow Oil plc has announced that its chief financial officer (CFO) and executive director Les Wood has mutually agreed with the board that he will leave the company. Mr Wood will remain CFO and an executive director of Tullow throughout the current reporting cycle. He is expected to leave the group at the end of […]
Deltic to start 3D seismic over Cupertino
Deltic Energy plc is to start 3D seismic data acquisition over licence P2428, containing the Cupertino prospect, and surrounding areas in the southern North Sea. PARTNER The seismic vessel, under contract to ION Geophysical, has mobilised to site and is due to begin the survey on 11 September. The acquisition of approximately 700km2 of 3D seismic data, […]
Ascent targets H2 for first agreement on ESG mining
Ascent Resources plc said it was making progress on multiple fronts following last year’s restructuring of its board, strategy and portfolio of interests in Cuba and Slovenia. FINANCES In its interim results for the six months ended 30 June 2021, the company reported revenue of £nil with closing cash at £766,000 (H1 2020: £304,000). Losses for the period were […]