The Parkmead Group plc has appointed Douglas Sedge as an independent non-executive director. He will also chair the company’s audit committee and serve as a member of the remuneration committee. Mr Sedge has more than 40 years’ experience in the energy sector within the UK and across numerous other countries. He has held senior executive […]
Tag: UK Southern North Sea
Hartshead pursues third-party funding
Hartshead Resources NL has taken further steps to secure third-party funding for phase I development on P2607 gas licence in the UK southern North Sea. SURVEYS The Australian company has appointed corporate finance energy sector specialist Carlingford-GFI, extended its mandate with LAB Energy Advisors Ltd, and is exploring “multiple parallel options” to secure funds. Options […]
Neptune-Spirit start production from tenth Cygnus well
Joint venture partners Neptune Energy and Spirit Energy have started production from the tenth well at the Cygnus gas field in the UK Southern North Sea. EMISSIONS Operator Neptune (38.75%) said yesterday that drilling was carried out by Borr Drilling’s Prospector 1 jack-up rig. The rig is the first in Borr’s fleet to be equipped […]
IOG revises guidance following Saturn Banks issues
IOG plc has revised production guidance following drilling fluid losses, production constraints and a planned suspension of operations at its Saturn Banks project in the Southern North Sea. GUIDANCE Phase I of the project entails the development of the Blythe, Elgood and Southwark fields. IOG has revised the expected average gross production rate over H2 […]
Neptune awards £10m vessel services contract
Neptune Energy has awarded a £10 million three-year vessel services contract to Sentinel Marine Ltd, to provide offshore support for the Cygnus gas field in the UK southern North Sea. EMISSIONS The contract, which includes two one-year extensions, allows Sentinel Marine to continue deploying its multi-role, emergency response and rescue vessel Cygnus Sentinel, on the gas […]
Deltic agrees farm-out for five licences with Cairn
Deltic Energy plc has entered into a binding conditional farm-out for five of its southern North Sea gas licences with Cairn Energy plc. QUALITY The natural gas-focused company signed the deal through Cairn’s wholly owned subsidiary Nautical Petroleum Ltd. Cairn will acquire a 60% interest in P2428 (Cupertino Area) and P2567 (Cadence) and a 70% […]