Corcel plc has awarded the contract to acquire a 326-line km of 2D seismic data within the KON-16 block in the Kwanza Basin, onshore Angola. WELL BGP Geophysical Limitada LDA, and BGP Inc. China National Petroleum Corporation (BGP) will target high grade areas to “advance subsurface prospectivity to drill ready status”. The new data, obtained from […]
Tag: oil and gas
Serica cuts full-year guidance
Serica Energy plc has reduced full-year guidance following more issues with the Triton floating production storage and offloading unit, and intervention work in November on the Bittern field. COMPRESSORS The FPSO has a “vibration issue” within the compression trains, resulting in a “significantly reduced rate” of production. Partner and operator Dana Petroleum, which increased production […]
Tullow appoints Ian Perks as CEO
Tullow Oil plc has appointed Ian Perks as chief executive office and to the board, effective from 15 September. Chief financial and interim CEO, Richard Miller, who replaced Rahul Dhir, will return to his role of CFO. Mr Perks has more than 30 years’ experience in upstream oil and gas, having worked in Africa and […]
Block agrees Martkopi Terrace licence farm-out
Block Energy plc and its partners have agreed a farm-out to an as yet unnamed “leading E&P company” for licence XIQ, containing the Martkopi Terrace prospect, held within its Georgia portfolio. CONFIDENCE The transaction remains subject to regulatory approval, expected between the final quarter of 2025 and the first quarter of 2026. XIQ is currently […]
Deltic sale expected in final quarter of 2025
Deltic Energy plc expects the £6.9 million sale of the company to Viaro Group to take place early in the fourth quarter of this year, subject to remaining conditions. LONG STOP The company’s shareholders approved the cash offer, by way of a court-sanctioned scheme, by 96.16% against 3.84%, at a general meeting on 28 August. […]
Borders issues 355,250 new shares
Borders & Southern Petroleum plc has issued 355,250 new ordinary shares of one pence each, following a warrants exercise at a price of 10 pence per warrant share, for a total £35,525. TVRs Following admission, the company’s total issued share capital will comprise 878,812,161 ordinary shares, each with voting rights. Borders does not hold any ordinary shares in […]