Neptune Energy and its joint venture partners, bp and JAPEX, have completed the installation of the manifold and umbilical for the Seagull project in the Central North Sea. ACTIVITIES TechnipFMC undertook the work programme from the CSV Deep Star vessel. Activities included the installation of the 350te Seagull manifold, the pull-in and installation of the […]
Month: November 2024
Cornish Lithium to receive up to £18m from TechMet
Cornish Lithium Ltd is to receive up to £18 million from technology metals investment company TechMet Ltd. TERMS The investment, subject to shareholder approval, will be in two tranches raising up to £18m at a weighted average subscription price of 16.12 pence per share. Tranche one sees the South African investor subscribe for £9m new […]
Investor nominee Simon Gardner-Bond joins Cornish Lithium board
Cornish Lithium announced that Simon Gardner-Bond will join the board as nominee of South African investment company TechMet. Mr Gardner-Bond is TechMet’s chief technical officer and has a 20-year career as a geologist and mining analyst. He was senior metals and mining analyst at Investec Asset Management, helping to manage multi-billion dollar funds focused on […]
Serica Energy achieves first gas from Columbus
Serica Energy plc announced it had achieved first gas production on its Columbus field in the Central North Sea. SHEARWATER The operating company said that hydrocarbons from the C1z development well started flowing into the Arran subsea system yesterday (24 November). The comingled Arran and Columbus production streams are being exported to the Shearwater platform […]
Horizonte raises £147.4m via placing
Horizonte Minerals plc said it had raised approximately £147.4 million (US$197m) through a placing, an offering and subscriptions. The equity fundraise comprises: . 606,123,712 new ordinary shares in a UK placing, raising some £42.4m · 126,072,398: Canadian offering (£8.8m) · 74,738,416: Glencore subscription (£5.2m) · 533,845,825: Orion subscription (£37.4m) · 759,128,764: Mancha subscription (£53.2m)
UKOG appoints Matt Gormley as CFO among changes
UK Oil & Gas plc has appointed Matt Gormley as chief financial officer in a non-board position. Mr Gormley was previously group financial controller of Shanta Gold Ltd and an audit manager at Grant Thornton UK LLP. With effect from 1 January 2022 the board will also be restructured. Kiran Morzaria, chief executive of Cadence […]