The Government has published the North Sea Transition Deal which includes up to £16 billion of government and industry investment, a reduction in greenhouses gases and the creation of new skilled employment. The deal, reached between Government, oil and gas companies and the Oil & Gas Authority (OGA), looks at how the offshore hydrocarbon sector […]
Month: November 2024
Cornish Metals to start drilling at United Downs
Cornish Metals Inc announced it would start an exploration drill programme during the first week of April at its United Downs project in Cornwall. The Canadian miner received its drilling permit from Cornwall Council and on 6 April will begin the first of up to five separate drill sites. The company aims to follow-up on […]
Oriole cuts losses by 81% and raises £2.37m
Oriole Resources plc reduces losses by more than 80% and raised £2.37 million through its portfolio of assets in Africa and Turkey. The company said that the significant reduction was partly driven by an unrealised foreign exchange gain of £317,000, compared with a £445,000 exchange loss in 2019. The remaining sum of £578,000 was the […]
Bacton study shows hydrogen potential of Southern North Sea
The Bacton area off the coast of Norwich could contribute to the UK’s energy transition by becoming a significant hydrogen production site for London and the South East, said the Oil & Gas Authority (OGA). But the OGA warned that action was needed now to avoid the premature decommissioning of infrastructure and lost hydrocarbon opportunities. […]
Altus finds potential new zone at Tabakorole gold project
Altus Strategies plc said it had discovered a potential new parallel zone of mineralisation at the Tabakorole gold project in Southern Mali. The final results from a 6,300 metres reverse circulation (RC) drilling programme also show an extension of the current strike length of the project. Exploration at Tabakorole is funded by Marvel Gold Ltd […]
Oriole agrees gold exploration budget for Senala
Oriole Resources plc said it had reached an agreement over an underspend with its joint venture partner of £1.8 million at the Senala gold project in Senegal. Earlier in March, IAMGOLD Corporation had requested to carry forward US$172,000 from Year 3 into Year 4. bityl.co/660c As per the terms of the option agreement, IAMGOLD proposed […]