News Oil & Gas

Hurricane notes slight fall in oil production at Lancaster

Hurricane Energy plc announced a slight decrease in oil rate and production from its Lancaster field on the Rona Ridge, west of Shetland. FINANCES In a brief report for the first quarter of 2021, the company also recorded net free cash of $127 million compared with $106m at 31 December 2020. LANCASTER EPS Production during Q1 […]

News Oil & Gas

Deltic makes technical progresses on gas licences

Deltic Energy plc remained debt free during 2020 while making technical progress with its gas licences in the southern and central North Sea. OPERATIONS Results ended 31 December 2020 showed a decrease in the company’s cash position to £12m (2019: £13.8m). The company’s intangible assets rose to £1,430,915 (2019: £1,127,942) reflecting the development of its exploration portfolio. Work […]

News Oil & Gas

UKOG looks to diversify after swing to a loss

UK Oil & Gas plc incurred heavy losses due to lost time, extra operational work and relinquishment of a licence from its onshore operations in the South of England. The company also announced its aim to diversify into geothermal and renewable energy and add international sites, with easier regulatory requirements than the UK, to its […]