Prospex Energy plc said that gas production was temporarily halted in mid-April at the new onshore Viura-1B well because of a leak in the completion tubing. WORKOVERS Partner and operator Heyco Energia Iberia S.L. needs to obtain equipment, including mobilising a suitable drill rig, for a workover to resume production from the north Spanish field […]
Tag: oil and gas
Tullow NED purchases 150,000 shares
Tullow Oil plc non-executive director Roald Goethe has bought 150,000 ordinary shares of 10 pence each at a price of £0.1350 per ordinary share. The transaction for £20,250 took place on 23 April 2025. The company holds decommissioning assets in the UK as well as licences in Cote d’Ivoire, Gabon, Ghana, Kenya and Argentina.
EnQuest expands into Indonesia with PSC blocks
EnQuest plc has expanded into Indonesia with the award of two production sharing contracts for Gaea and Gaea II blocks in Papua Barat (West Papua). PARTNERS The company said that the blocks presented a multi-trillion standard cubic feet unrisked resource potential, while Indonesia offered a “broad range of growth opportunities” across the full upstream lifecycle. […]
Sunda raises up to $9m to drill Chuditch
Sunda Energy plc has conditionally raised up to US$9 million and signed a farm-in agreement for the Chuditch gas field, offshore Timor-Leste. JURASSIC The fundraise is through the issue of unsecured convertible loan notes with three institutional investors. Drawdowns in tranches will pay for a jack-up rig to drill an appraisal well scheduled for July […]
Star completes £6.3m sale of Alton terminal site
Star Energy Group plc has completed the £6.3 million sale of its non-core asset of the decommissioned oil terminal site at Holybourne in Alton, Hampshire. STRATEGY Proceeds will be used for the group’s general purposes including “deleveraging the business” and ongoing projects. The sale is part of Star’s strategy to streamline its operations and focus […]
Ascent Slovenia tribunal hearing concludes
Ascent Resources plc and its Slovenia subsidiary’s arbitration hearing over its claim against the Republic of Slovenia has concluded. The hearing at the International Centre for Settlement of Investment Disputes (ICSID) is under the Energy Charter Treaty. The company said that the private and confidential hearing addressed matters including the merits and quantum evaluations of […]