News Oil & Gas

JOG completes acquisition of Verbier

Jersey Oil & Gas plc (JOG) has taken full control of licence P2170, containing the Verbier oil discovery, after completing its acquisition of CIECO V&C (UK) Ltd. FARM-OUT The purchase is from ITOCHU Corporation and Japan Oil, Gas and Metals National Corporation (JOGMEC). JOG paid £150,000 and two contingent payments based on the Oil & […]

Legal News Oil & Gas

Cairn faces Indian petition over arbitration award

Cairn Energy plc said that the Indian Government had petitioned the Dutch Court of Appeal to set aside its arbitration award, which was granted unanimously in the company’s favour. TRIBUNAL The independent oil and gas exploration and development company with headquarters in Edinburgh added it had “full confidence” in its own position. “As previously advised, […]

News Oil & Gas

West Newton JV to start WNB-1Z evaluation

The joint venture partners at West Newton announced that the first phase of evaluation will begin in April of sidetrack well WNB-1Z at the site near Hull in the East Riding of Yorkshire. The evaluation will include a cased hole logging programme (CHLP) and a vertical seismic profiling survey. The JV comprises Reabold Resources plc […]

Equipment & Logistics News Oil & Gas

UKOG starts constructing Basur-3 drill site in Resan, Turkey

UK Oil & Gas plc (UKOG) announced construction had started of the drilling pad and access road for Basur-3 appraisal well at the 50%-owned, 305 km² Resan licence in Turkey. UKOG and joint venture partner Aladdin Middle East are expected to take some 60 days on the construction. Basur-3 lies approximately 1.2km north and geologically […]

News Oil & Gas

Rathlin starts West Newton-A public consultation

Rathlin Energy (UK) Ltd has started a virtual public consultation on the planned West Newton A (WN-A) hydrocarbon field near Hull in East Yorkshire. PROGRAMME The PEDL 183 licence contains the West Newton A-1 (WN-A1) discovery well, the A-2 appraisal well, along with the recently drilled B-1Z discovery. Drill results in December 2020 revealed that […]