IOG plc’s chief executive officer (CEO) Andrew Hockey intends to retire after nearly five years in the role, and from the board with immediate effect. TRANSFORMATION He will remain as an advisor to the board, particularly to support the company’s bids for the 33rd UK offshore licensing round. Mr Hockey said that it had been a […]
Month: November 2024
Tullow Oil appoints Martin Greenslade as senior independent NED
Tullow Oil plc has appointed non-executive director (NED) Martin Greenslade as senior independent NED. He replaces Jeremy Wilson who will retire at the end of November. Mr Greenslade will also be a member of the nominations and remuneration committees. The company has also appointed NED Genevieve Sangudi as a member of the audit committee. Tullow […]
Tullow Oil senior independent NED Jeremy Wilson to retire
Tullow Oil plc senior non-executive director Jeremy Wilson will retire after completing nine years on the board. He has also stepped down from the nominations, remuneration and audit committees. EXPERIENCE Chairman Phuthuma Nhleko said that Mr Wilson had been a source of great counsel for him since becoming chairman. “I also know that my […]
IOG revises guidance following Saturn Banks issues
IOG plc has revised production guidance following drilling fluid losses, production constraints and a planned suspension of operations at its Saturn Banks project in the Southern North Sea. GUIDANCE Phase I of the project entails the development of the Blythe, Elgood and Southwark fields. IOG has revised the expected average gross production rate over H2 […]
Europa repays £1m loan to Union Jack
Europa Oil & Gas (Holdings) plc said it had repaid in full the £1 million loan from Union Jack Oil plc to drill the SA02 well in the Serenity field. TERMS The loan was secured against a 10% interest in the Wressle field (PEDL180 and PEDL182), including the associated infrastructure. Europa has also repaid the […]
Corcel signs Mt Weld rare earths option
Corcel plc has signed an exclusive 45-day option to acquire 100% of the rare earth element (REE) project within P38/4489, or Mt Weld, near Laverton in Western Australia. FEATURES The granted mineral tenement lies 1.4km (0.9 miles) west-north-west of Lynas Rare Earths Ltd’s Mt Weld mine. The project covers 171 hectares and the mine access road […]