Neptune Energy has awarded a series of contracts totalling £3 million to support gas production at its operated Cygnus Alpha and Bravo platforms in the UK Southern North Sea. MAINTENANCE The work includes diving support vessel services, helicopter services and general inspection activities to support maintaining high levels of gas production. Cygnus is capable of […]
Month: November 2024
Ascent NED Ewen Ainsworth to leave
Ascent Resources plc non-executive director Ewen Ainsworth will step down from 28 February 2022. Mr Ainsworth has accepted a full-time executive position elsewhere.
Union Jack revenue reaches $3m from Wressle
Union Jack Oil plc announced it had achieved $US3 million (£2.2m) net revenues since production restarted from the Wressle oil and gas development in Lincolnshire. PRODUCTION The company holds a 40% economic interest in the project’s licences PEDL180 and PEDL182 where production restarted on 19 August 2021. Union Jack said that current daily production figures […]
Capricorn appoints Luis Araujo as independent NED
Capricorn Energy plc has appointed Luis Araujo as an independent non-executive director (NED) with effect from 11 May 2022. Mr Araujo has more than 38 years’ experience in the oil and gas and energy markets, predominantly in Brazil and Scotland. He was chief executive officer and president of Aker Solutions from 2014 to 2020 and […]
Cadence raises £745,000 from open offer
Cadence Minerals plc said it had raised £745,000 as a result of the open offer of 3,634,825 open offer shares. This represented a take-up of more than 48.9% of the 7,432,454 available open offer shares.
Stormy weather delays IOG first gas
IOG plc said that the current storms had delayed first gas until March from its Saturn Banks gas project in the Southern North Sea. SATURN BANKS The Phase 1 project comprises the Blythe, Elgood and Southwark fields in which IOG owns a 50-50 interest with CalEnergy Resources. STORMY WEATHER The company said that the Saturn Banks reception facilities preparation […]