Helium One Global has raised £6 million to fund infill seismic acquisition and to drill three wells during the first half of 2021 at its Rukwa project in southwest Tanzania. AMALGAMATION The £6 million was raised by the conditional placing of 211,267,597 ordinary shares at 2.84 pence per share and was “significantly oversubscribed”. The company also announced […]
Month: November 2024
Block able to receive gas at West Rustavi EPF
Block Energy plc said its wells could now receive gas in readiness for the installation of the sales pipeline in West Rustavi, Georgia. TESTS The company has on time and budget completed construction of the gathering line between the early production facility (EPF) on the West Rustavi oil and gas field and WR-38Z. “The pipeline […]
UK oil and gas supply chain needs energy transition deals
The UK’s oil and gas sector had a unique role to play in the energy transition but commercial opportunities also had to be created, said members of an industry task force. Director with the Oil and Gas Authority (OGA) Stuart Payne and Petrofac COO John Pearson set out their ideas on how the industry could […]
Premier Oil production falls due to Catcher issues
Premier Oil has lowered its full-year production guidance to 61,000-64,000 barrels per day from previous forecasts of 65-70 kboepd following problems in its biggest producer Catcher oil field. In today’s company results, Premier said it had produced on average 62.5 kboepd for the 10 month period ending 31 October 2020. The hydrocarbon exploration and production […]
IOG COO Mark Hughes to retire
Independent Oil and Gas plc has announced that its chief operating officer, Mark Hughes, is retiring for health reasons after a career spanning more than 40 years with Shell, Lasmo, Gaz de France, RWE Dea UK, INEOS Breagh and latterly IOG. Chief executive Andrew Hockey said: “Since he joined IOG in April 2018, Mark has […]
CSM leads pioneering tech-metals circular economy centre
A pioneering new research centre, led by the Camborne School of Mines, aims to revolutionise the extraction, use and reuse of critical metals for clean and digital technologies in the UK. The research will begin with a case study of industries in Cornwall where exploration projects for lithium, tin and tungsten offer the opportunity for […]