Operations are due to start at the Colle Santo onshore gas field after the Abruzzo regional government signalled its intention to approve an early production programme. DE-RISKING Reabold Resources plc holds a 16.2% equity interest in the project, estimated to hold 65bcf of 2P reserves, while operator LNEnergy Ltd has an exclusive option over 90% […]
Legal
Oil workers ‘lucky to be alive’ after crane collapse
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 […]
Cadence acts over Mexico cancelled licences
Cadence Minerals plc subsidiaries in the Sonora lithium project have filed administrative review recourses against the Mexican government’s resolutions cancelling the concessions. JOINT VENTURE The company’s £3.89 million interest is through a 30% stake in the JV interests in Mexilit S.A. de CV and Minera Megalit S.A. de CV. Gangfeng Lithium Group is developing Sonora, […]
Egdon sale progresses after satisfying NSTA condition
Egdon Resources plc’s sale to Petrichor Partners LP has progressed following satisfaction of the oil and gas regulator’s condition. TIMETABLE The purchaser has confirmed receipt of the North Sea Transition Authority’s ‘comfort letter’ in relation to the acquisition, said Egdon today. Following the satisfaction or waiver of other conditions, the sanction hearing is expected to […]
Court hearing deferred on challenge to WCM coal mine
West Cumbria Mining Ltd (WCM) said that the rolled-up hearing relating to challenges against the Government’s planning approval for a deep coal mine has been postponed. RESCHEDULED The company added it continued to progress towards the pre-start work required, including design, planning, equipment procurement and associated desk-based work. The hearing, set for 24 to 26 October […]
Strike-off action stopped for Red Rock-Power Metal JV
The compulsory strike-off action has been discontinued against the Red Rock Resources and Power Metal Resources gold exploration joint venture in Australia. Companies House made the announcement today in respect of New Ballarat Gold Corporation.