Kistos (Holdings) plc said that the upgraded Jotun floating production storage and offloading vessel is undergoing tests ahead of installation in the Balder area in the Norwegian central North Sea. PROLIFIC The FPSO will be towed from the quayside at Worley Rosenberg yard in Stavanger to Åmøyfjorden for inshore sea trials and anchor installation work […]
Tag: oil and gas
Harbour NEDs purchase total 39,436 shares
Harbour Energy plc independent non-executive directors Margareth Øvrum and Alan Ferguson have purchased in total 39,436 ordinary shares of 0.002 pence each in the company. On 7 March, Ms Øvrum acquired 18,000 shares at an average price of 186.59 pence per ordinary share. She now holds a direct interest in 26,500 ordinary shares, representing 0.002% of the […]
JOG chief executive increases shareholding
Jersey Oil & Gas plc’s chief executive officer Andrew Benitz has bought 47,166 ordinary shares of 1p each at at a price of 52.875p per ordinary share. The purchase on 7 March takes Mr Benitz’s holding to 763,764 ordinary shares, representing 2.33% of the company’s issued share capital. JOG holds 20% of the Greater Buchan […]
Europa submits plans for Cloughton appraisal
Europa Oil & Gas (Holdings) plc has submitted a planning application for an appraisal well for the Cloughton gas field in Scarborough, North Yorkshire. OPERATIONS Operator and 40% licence owner Europa estimates Cloughton has Pmean gross gas initially in place volumes of 192bcf. The company said it had also started a community engagement website for […]
EnQuest offers to merge with Serica
Serica Energy plc said it was in negotiations for a possible merger with EnQuest plc which has made an all-share offer by way of a reverse takeover. ASSETS Serica added that the proposed deal had “substantial potential benefits” including “increasing scale and diversification, unlocking significant synergies and providing a stronger platform for further growth”. The […]
UJO-Reach drilling ‘bears fruit’ on Moccasin
Union Jack Oil plc said tests showed initial open hole average flow rate at 25.88 barrels of oil per hour, or 621 barrels of oil per day, in Moccasin 1-13 well in Pottawatomie County, Oklahoma, USA. ZONES Joint venture partner and operator Reach Oil & Gas Company Inc continues to evaluate the well while it starts installation of permanent production facilities and […]