Helium One Global Ltd has spudded the Jackson-27 development well at the Galactica joint venture project in Las Animas County, Colorado, USA. LYONS Australian operator Blue Star Helium is currently installing and testing the blowout preventers before drilling through the intermediate hole section. The well is targeting the Lyons Sandstone formation, with total depth planned […]
Tag: oil and gas
New compressor increases Saltfleetby production
Angus Energy plc has increased production following the commissioning of the new booster compressor at the Saltfleetby gas field in East Lincolnshire. OPTIMISE The company said that operations, starting on 11 April, were at a lower suction pressure than the two existing compressors to allow “more pressure drawdown of the wells”. This also eased the […]
Prospex completes 100% acquisition of Tarba
Prospex Energy plc has secured 100% ownership of the El Romeral concession following the completed acquisition of its joint venture partner in Tarba Energia S.L. COMPANY MOVES The company and Warrego Energy Ltd previously operated through Tarba with a 49.9 and 50.1% share. In addition to the project located near Carmona in Southern Spain, Tarba […]
UKOG welcomes 62% rise in Horndean reserves
UK Oil & Gas plc has reported a near two-thirds increase in reserves at the Horndean onshore oil joint venture, 10 miles north of Portsmouth in Hampshire. VALUE A new reserves report for operator Star Energy Group plc assessed and compared the field’s remaining reserves at the end of 2024 with the end of 2023. […]
Deltic increases Selene reserves by 33%
Deltic Energy plc reported a 33% increase in gross 2C resources of 174 billion cubic feet at the Selene gas joint venture in the UK Southern North Sea. DEVELOPMENT Partner and operator Shell (UK) Ltd analysed 176 core plugs taken from drill core samples over the Leman B-Sand, the “key producing interval within the much […]
Tullow to sell Kenya oil assets for at least $120m
Tullow Oil plc has agreed to sell its entire working interests in four blocks in the South Lokichar Basin, Kenya for a “minimum” of $120 million cash. VALUE The heads of terms agreement follows the company’s attempts in 2023 to secure a farm-out after its then partners exited the project. Buyer Gulf Energy Ltd will […]