UK Oil & Gas plc urged the Government to implement quickly its changes to the planning system after the High Court rejected challenges to the Loxley gas project in Surrey. JUDICIAL REVIEW Waverley Borough Council and Protect Dunsfold were each unsuccessful in their requests for a judicial review and ordered to pay £8,835 and £3,000 […]
Legal
Victoria in ‘precarious’ financial situation
Victoria Oil & Gas plc (VOG) said its financial situation was precarious after being ordered to pay $12 million to its partner, suspension of trading, and its inability to raise funds until a resolution is found. OPERATIONS The company’s wholly owned subsidiary Gaz du Cameroon S.A. (GDC) produces and distributes onshore gas in the port […]
Ascent to receive further revenues from Slovenia JV
Ascent Resources plc today said it had reached an agreement over further hydrocarbon revenues from the joint venture (JV) operations within the Petisovci concession area in Slovenia. DISPUTES The legacy disputes are between the company and its Slovenian JV partner Geoenergo and the JV operating service provider Petrol Geo. In August 2022, Ascent received its […]
Predator firm on legal action if FRAM loan remains unresolved
Predator Oil & Gas Holdings plc said it would continue the legal process if issues remain unresolved over a loan for the CO2 enhanced oil recovery (EOR) pilot project at the Inniss-Trinity field, onshore Trinidad. FRAM LOAN In June 2022, the company announced it had started a litigation process over the £591,065 FRAM loan for […]
Rockhopper awarded €190m in arbitration with Italy
Rockhopper Exploration plc has been awarded €190 million (£160m) compensation relating to the Ombrina Mare oil field dispute following the ICSID* arbitration with Italy. OUTCOME “The arbitration panel unanimously held that Italy had breached its obligations under the Energy Charter Treaty entitling Rockhopper to compensation,” added the company in a statement. “The award is final and binding […]
Boulby owner fined £3.6m for electricians’ severe burns
Cleveland Potash Ltd (CPL) has been fined £3.6 million after two electricians suffered severe burns in separate incidents at Boulby Mine in Saltburn-by-the-Sea, North Yorkshire. GUILTY PLEA The Health and Safety Executive (HSE) also ordered the company’s owners to pay costs of £185,000. CPL, now a subsidiary of Israel Chemicals Ltd, extracts organic fertiliser polyhalite. The company […]