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United to focus on Jamaica and UK after Egypt exit
Posted on Author editorial
United Oil & gas plc said it would focus on its assets offshore Jamaica and onshore UK after it has left Egypt. 2024 The company holds a 26.25% working interest in licence PL090 in Dorset containing the Waddock Cross oil field, operated by majority owner Egdon Resources. During 2020, Egdon completed reservoir modelling work on […]
Oil workers ‘lucky to be alive’ after crane collapse
Posted on Author editorial
Two oil and gas sub contractors were lucky to be alive after the uncontrolled collapse of a crane on the Fulmer Alpha North Sea oil platform, said the Health and Safety Executive (HSE) today. FAILURES Respol Sinopec Resources UK Ltd was fined £535,000 over the incident on 11 September 2017. Aberdeen Sheriff Court heard that […]
Capricorn withdraws legal action ahead of $1bn refund
Posted on Author editorial
Capricorn Energy plc has withdrawn all global enforcement proceedings against the Indian government ahead of a US$1.06bn tax refund. COLLABORATION The move signifies the final stage of undertakings by the company and its subsidiary Cairn Energy Holdings Ltd with the Indian authorities. “This concludes all the necessary steps required of the company under the rules […]