Neptune Energy is developing “digital twins” of two platforms in the Dutch North Sea to accelerate work schedules, reduce costs and environmental impacts by enabling engineers to work onshore. CCS The oil and gas company said it in a statement that the digital twins would also support planning of Neptune’s major carbon capture and storage […]
Month: November 2024
Red Rock encouraged by Mikei drill results
Red Rock Resources plc said it was extremely encouraged with initial results from its exploration drill programme in the mid-KKM prospect at the Mikei gold project, Kenya. PROGRAMME In its 2021 Phase 1 reverse circulation drilling, the company completed 20 drill holes for 2,093 metres. Today’s results are from nine holes and comprise the first […]
UKOG’s Loxley appeal to be decided by secretary of state
UK Oil & Gas plc (UKOG) said that the secretary of state had recovered the company’s appeal against Surrey County Council’s refusal to allow the Loxley gas appraisal drilling project. ISSUES The company added that the planning inspectorate had informed UKOG of the move. Michael Gove, in charge of the department for levelling up, housing […]
Angus considers sale of company and Saltfleetby gas interests
Angus Energy plc today announced it was considering selling the company as part of a strategic review. MARKET VALUE The onshore hydrocarbon producer said that the sale of some or all of its interest (51%) in the Saltfleetby gas field, Lincolnshire was also under consideration. Angus added it remained fully committed to achieving first gas […]
Red Rock acquires gold projects in Burkina Faso
Red Rock Resources plc has acquired two prospective exploration projects covering 348 km2 in the prolific Boromo and Banfora Greenstone Belts, southwest Burkina Faso. BILBALE AND BOULON The company said that Bilbale (183.62 km²) and Boulon (164.28 km²) had artisanal activity which showed evidence of the presence of high grade gold. The assets are held by […]
Red Rock obtains $2.5m payment order for Katanga partner
Red Rock Resources plc said it had obtained a $2.5 million payment order instructing its joint venture partner in the copper-cobalt licences in Katanga, the Democratic Republic of Congo. VINDICATION The company, with 50.1%, ownership, obtained the order from the Commercial Court in Lubumbashi instructing Vumilia Pendeza SA (VUP) to pay it $2,505,000 as a […]