Some £3bn of investment in offshore oil and gas was deferred in 2020 and 2021 prompting a demand for government support by the industry’s trade association. Oil and Gas UK (OGUK) said lack of funds threatened the UK’s energy transition and hindered the country’s ability to reach a net-zero future. OGUK added that its 2021 […]
Oil & Gas
Union Jack ventures into North Sea
Union Jack Oil plc has acquired its first interests in the North Sea with a 2.5% cash generating royalty interest for $130,000 (£93,730) in the Claymore, Piper and Scapa oil fields. THREE FIELDS The acquisition from Cambridge Petroleum Royalties Ltd is a part of the royalty unit over 20% of the revenues from oil and […]
IOG increases gas estimates at Goddard-Abbeydale
Independent Oil and Gas plc said it had increased resource estimates of its P2438 Goddard and P2442 Abbeydale licences in the UK Southern North Sea. Both licences are held in a joint venture between IOG (50%, operator) and CalEnergy Resources (UK) Ltd (CER) (50%). Interpretation and mapping of 1,200km² of 3D seismic data has […]
Helium One gathers data for 2021 drill campaign
Helium One Global Ltd has started the acquisition of seismic data and the mobilisation of vibroseis trucks and geophones at its 100% owned Rukwa project in Tanzania. The company will focus on 50km of infill 2D seismic data targeting multiple trapping styles. Interpreted seismic data will define optimal well locations and reduce risk in drill […]
Helium One appoints Lorna Blaisse as principal geologist
Helium One Group Ltd has appointed Lorna Blaisse as principal geologist. Ms Blaisse is a skilled petroleum geologist with 15 years’ experience in exploration and appraisal across Africa. She has direct experience of rift basin geology, conducting work in the Lake Albert Rift Basin in Uganda, as well as operational experience managing exploration campaigns in […]
Predator raises £1.8m via placing
Predator Oil & Gas Holdings plc announced it has raised £1.785 million before expenses after conditionally placing 17 million new ordinary shares of no par value in the company at a placing price of 10.5 pence each. The placing was significantly oversubscribed and utilises much of the company’s existing headroom shares under the Financial Conduct Authority restrictions for […]