Helium One Global Ltd has confirmed free gas by wireline logs in the Jackson-2 development well at the Galactica farm-in project in Las Animas County, Colorado, USA. TIE-IN Partner and operator Blue Star Helium drilled to a total depth of 1,232ft (375m) with the well flowing naturally during drilling and in line with the previously […]
Tag: oil and gas
Harbour takes FID on Argentina LNG export
Harbour Energy plc and its partners have taken the final investment decision for the Southern Energy floating liquefied natural gas (FLNG) export project in Argentina. CAPEX The company produces in the offshore Cuenca Marina Austral (CMA-1) concession in the Tierra del Fuego province, and the onshore Aguada Pichana Este and San Roque concessions in the […]
EnQuest-Serica drop merger plans
EnQuest plc and Serica Energy plc have exited plans for an all-share merger because “current market volatility” made it impossible to reach an agreement on terms. OPPORTUNITIES “The board remains very confident in Serica’s standalone ability to generate significant cash flow and deliver shareholder value and highly competitive shareholder returns from its balanced portfolio of […]
Parkmead completes sale of offshore assets
The Parkmead Group plc has completed the sale, announced in December 2024, of its offshore UK and onshore Netherlands exploration and production interests to Serica Energy (UK) Ltd. GROWTH The sold assets were held in the company’s subsidiary Parkmead (E&P) Ltd. The company said it had received £7.3 million cash and expects a further £7m […]
Corcel awards EIA contract for KON-16
Corcel plc has awarded the contract for the environmental impact assessment at the exploration Block KON-16 in the Kwanza Basin, onshore Angola. SEISMIC Eco-Eficiência Lda will evaluate the potential environmental and social impacts of planned 2D seismic acquisition activities, expected to target the first exploration well. The EIA is due to complete by July 2025, […]
Helium One JV spuds Jackson-2 at Galactica
Helium One Global Ltd has spudded the Jackson-2 development well at the Galactica helium project in Las Animas, Colorado, USA. FARM-IN Operator Blue Star Helium is currently preparing to drill the through the intermediate hole section in the joint venture’s fifth well. The well is targeting the Lyons Sandstone formation, with total depth planned within […]