Company Moves News Oil & Gas

Serica Energy appoints Jérôme Schmitt as NED

Serica Energy plc has appointed Jérôme Schmitt to the board as a non-executive director with effect from 1 July 2022. Mr Schmitt worked for what is now TotalEnergies from 1992 to 2021 where his roles included group treasurer (2009-2011) and senior vice-president environment and sustainable development (2013-2016). More recently he was senior vice-president carbon neutral […]

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United spuds AJ-14 development well

United Oil & Gas plc said that the Al Jahraa-14 development (AJ-14) well has spud in the Abu Sennan joint venture licence, onshore Egypt. JOINT VENTURE The company holds a 22% working interest in the licence, which is operated by Kuwait Energy Egypt (KEE). AJ-14 The AJ-14 development well, the third of five wells expected […]

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Spirit Energy to retain shale gas interests in Lancashire

AJ Lucas Group Ltd (AJL) said that its partner Spirit Energy would retain its interests in the Bowland shale gas exploration licences in Lancashire. LICENCES The Bowland licence (PEDL165) covers 1,064km and surrounds the 54.5km Elswick licence (EXL269). The licences contain eight sites held by AJL including Roseacre Wood, Grange Hill, Anna’s Road, Becconsall, Preston New […]

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Union Jack reaches $7m revenue from Wressle

Union Jack Oil plc (UJO) said it had reached net revenues of $7,000,000 (£5.7m) from the Wressle hydrocarbon joint venture development in North Lincolnshire. JOINT VENTURE The company holds a 40% economic interest in the project, which lies in PEDL180 and PEDL182, along with operator Egdon Resources plc (30%) and Europa Oil & Gas (Holdings) […]

News Oil & Gas

Hurricane sees mixed fortunes from EPL

Hurricane Energy plc said investment allowances could offset its forecast £5 million bill under the new energy profits levy (EPL) from its operations at the Lancaster field, west of Shetland. ENERGY PROFITS LEVY In its monthly financial and operational report of 31 May 2022, the company added it was unable to determine the full impact […]