Hurricane Energy plc has signed a contract to extend the bareboat charter to cover the remaining economic life of the Lancaster oil field, West of Shetland. TERMS The contract with Bluewater (Aoka Mizu) B.V., owner of the Aoka Mizu FPSO, was due to expire on 4 June 2022. Hurricane said that either party could give six […]
Day: 15 November 2024
UKOG exits Arreton to spend £0.5m appeal costs on new ventures
UK Oil & Gas plc (UKOG) has ruled out appealing against planners’ refusal for the appraisal and testing of the Arreton discovery on the Isle of Wight. NEW OPPORTUNITIES In its annual review and accounts for the year ended 30 September 2021, UKOG said that the council’s decision to refuse permission was “disappointing but not […]