The Parkmead Group plc has agreed to sell its offshore UK and onshore Netherlands exploration and production interests for £14 million, with up to £120m in contingent payments, to Serica Energy (UK) Ltd. GROWTH The sale includes the company’s 50% working interest in licences P2400, containing the Skerryvore prospect, and P2634, containing the Fynn Beauly […]
Oil & Gas
Helium One issues 15.7m shares for Itumbula test
Helium One Global Ltd has issued 15,716,133 ordinary shares in the company in lieu of cash payment for services provided on the Rukwa licence, Tanzania. The shares issue covers services during the extended well test on Itumbula West-1 earlier this year and was agreed with the provider company before the operation. Following admission, Helium One’s issued […]
Ascent appoints Gilles Thieffry as chairman
Ascent Resources plc said it intended to appoint Gilles Thieffry to the board as non-executive chairman. The company also created a new joint venture special purpose vehicle with Delta Energy Corp SARL, focusing on new development opportunities in “world-class proven hydrocarbon basins”. Mr Thieffry has four decades’ legal experience with expertise in capital markets, structured […]
United receives $591,595 over Abu Sennan
United Oil & Gas plc has received US$591,595 relating to receivables from its previous interest in the Abu Sennan licence, onshore Egypt. The payment, expected to be $620,000, was from national oil company Egyptian General Petroleum Corporation. United said it continued to engage with EGPC regarding a small outstanding balance.
Serica cuts forecast after Triton FPSO setback
Serica Energy plc has lowered full year production forecast after an “issue” with the Triton floating production storage and offloading (FPSO) vessel suspended its North Sea operations. GAS The company said that the problem was with one of the compressor seals, with repairs expected to take two to four weeks. The outage follows resumption of […]
Tullow CEO to step down
Tullow Oil plc chief executive officer Rahul Dhir will step down and resign from the board during 2025 to pursue “other business, academic and family interests”. He will remain in his role until a date to be determined. “It’s been a privilege to serve Tullow during these past four and a half years,” said Mr Dhir. […]