The Wressle joint venture expects September’s local authority permission to be quashed for two new wells at the onshore Lincolnshire site. SCREENING North Lincolnshire Council informed the companies that, following legal opinion and the Supreme Court decision in June, it would not resist a proposed legal action to challenge the consent. The court ruled that applications […]
Legal
Rockhopper agrees Italy insurance and exit
Rockhopper Exploration plc has secured an insurance policy in case the Italian government succeeds in annulling the company’s Ombrina Mare arbitration award. CLARITY The company has also signed a share purchase agreement with Zodiac Energy Ltd for its other Italian assets to focus on the South Falkland Basin. Rockhopper said that the insurance policy would […]
IOG extends administration period
IOG plc, operator of the Saturn Banks gas project in the southern North Sea, has entered a 12-month extended period of administration. The company last year faced rising costs along with demands to repay postponed interest under a €100 million senior secured bond. IOG appointed administrators in October 2023. Companies House recorded the extension, with […]
Buchan first oil delayed pending emissions guide
Jersey Oil & Gas plc partner in the Buchan Horst project will “materially slow” activities while awaiting new government environmental guidance for oil and gas firms. LICENCE Operator NEO Energy and its owner HitecVision will wait for clarity “around the UK regulatory and fiscal framework so that the full impact can be assessed.” “This will […]
Scirocco appoints voluntary liquidator
Scirocco Energy Ltd has appointed a voluntary liquidator following approval in a general meeting earlier this month. The appointment follows shareholders‘ vote to wind up the company and for cash to be returned to them. Companies House recorded that Scirocco re-registered in June as a private company.
WCM ‘robustly’ defends coal mine
West Cumbria Mining Ltd said it had “robustly” defended the legal challenges against its planned deep coal mine heard last week in the High Court. U-TURN The company responded in a deferred rolled-up hearing between 16 and 18 July, to objections from Friends of the Earth and South Lakes Action on Climate Change to the […]