EnQuest plc reported revenues and EBITDA* nearly halved by the end of last year, reflecting lower oil prices and the cessation of production at Heather, Thistle and Alma/Galia following the reorganisation in 2020. But the group, with operations in the UK North Sea and Malaysia, remains optimistic that its proposed acquisition of the Golden Eagle […]
Oil & Gas
UKOG starts constructing Basur-3 drill site in Resan, Turkey
UK Oil & Gas plc (UKOG) announced construction had started of the drilling pad and access road for Basur-3 appraisal well at the 50%-owned, 305 km² Resan licence in Turkey. UKOG and joint venture partner Aladdin Middle East are expected to take some 60 days on the construction. Basur-3 lies approximately 1.2km north and geologically […]
North Sea Transition Deal involves £16bn investment
The Government has published the North Sea Transition Deal which includes up to £16 billion of government and industry investment, a reduction in greenhouses gases and the creation of new skilled employment. The deal, reached between Government, oil and gas companies and the Oil & Gas Authority (OGA), looks at how the offshore hydrocarbon sector […]
Bacton study shows hydrogen potential of Southern North Sea
The Bacton area off the coast of Norwich could contribute to the UK’s energy transition by becoming a significant hydrogen production site for London and the South East, said the Oil & Gas Authority (OGA). But the OGA warned that action was needed now to avoid the premature decommissioning of infrastructure and lost hydrocarbon opportunities. […]
Helium One appoints Mitchell Drilling for Rukwa
Helium One Global Ltd has appointed Mitchell Drilling Ltd as drilling contractor for the first three-well exploration programme at its 100% owned Rukwa project in Tanzania. FAST TRACK The Australian operator, with more than 50 years’ experience and 115 rigs globally, will mobilise a drill rig already within Tanzania before starting work in mid-May. The company has the option […]
Rathlin starts West Newton-A public consultation
Rathlin Energy (UK) Ltd has started a virtual public consultation on the planned West Newton A (WN-A) hydrocarbon field near Hull in East Yorkshire. PROGRAMME The PEDL 183 licence contains the West Newton A-1 (WN-A1) discovery well, the A-2 appraisal well, along with the recently drilled B-1Z discovery. Drill results in December 2020 revealed that […]