Serica Energy plc has lowered full year production forecast after an “issue” with the Triton floating production storage and offloading (FPSO) vessel suspended its North Sea operations. GAS The company said that the problem was with one of the compressor seals, with repairs expected to take two to four weeks. The outage follows resumption of […]
Tag: oil and gas
Tullow CEO to step down
Tullow Oil plc chief executive officer Rahul Dhir will step down and resign from the board during 2025 to pursue “other business, academic and family interests”. He will remain in his role until a date to be determined. “It’s been a privilege to serve Tullow during these past four and a half years,” said Mr Dhir. […]
United to cut costs to ‘bare minimum’
United Oil & Gas plc is reviewing its cost structure as it awaits $620,000 in receivables from Egypt and talks suspend on the offshore Jamaica farm-out until the new year. EFFORTS Chief executive Brian Larkin met his counterpart of national oil company Egyptian General Petroleum Corporation (EGPC) regarding the outstanding payment from the Abu Sennan […]
Orcadian acquires HALO shares
Orcadian Energy plc has acquired for an undisclosed sum all of the ordinary shares of Hague and London Oil Offshore UK Ltd from the joint liquidators of Hague and London Oil plc (HALO). LOSSES HALO previously held a number of licences across the southern North Sea, including “participation” in wells on Pegasus and Andromeda and […]
Hartshead restarts Anning-Somerville project
Hartshead Resources NL said that the southern North Sea gas joint venture project on the Anning and Somerville fields has restarted following the Government’s Budget in October. SCHEDULE The Australian company is reviewing revised export routes and has meetings next month with the North Sea Transition Authority and partner Rockrose Energy Ltd, subsidiary of Viaro […]
Prospex expects Viura revenue early December
Prospex Energy plc anticipates of flow testing and revenue in early December from the Viura-1B development well in northern Spain. PAYBACK Drilled by partner Heyco Energy Iberia SL (HEI), the well reached its revised targeted total depth of 4,500 metres in October in the 6-inch hole section of the bottom 450m of the well. The […]