Hurricane Energy plc announced that production for the fourth quarter of 2020 was in line with expectations as the company continues to discuss with stakeholders options for the Lancaster field. TRADING AND OPERATIONS In its unaudited trading and operational report ahead of its results for year ended 31 December 2020, Hurricane’s revenue was $179 million […]
Oil & Gas
United remains within guidance on production increase
United Oil & Gas has announced that production remained within guidance following an increase from its Abu Sennan interest, onshore Egypt. PRODUCTION The company holds a 22% working interest in the licence which is operated by Kuwait Energy Egypt. In its fourth quarter results for 2020, United reported its second half net working interest averaged […]
Wressle JV targets end-of-month oil as work restarts
The hydrocarbon joint venture partners have restarted work to reperforate the well at its licences PEDL180 and PEDL182 in Wressle, North Lincolnshire. Site operator Egdon Resources Ltd mobilised the workover rig and associated services and equipment onto site last week (beginning 4 January). The work will enable the Ashover Grit reservoir to be flowed before […]
Premier Oil proposes three further independent NEDs
Premier Oil has announced the proposed appointment of three additional independent, non-executive directors (NEDs) to its board. Alan Ferguson, Margareth Øvrum and Andy Hopwood will be appointed with effect from completion of the merger with Chrysaor, except Ms Øvrum whose appointment will be effective on the later of 1 April 2021 and completion of the […]
Egdon losses rise, revenues halve and gas survey is delayed
Egdon Resources plc reported revenues more than halved and losses widened in its results published today for the year ended 31 July 2020. The company also announced that the 3D seismic survey over its offshore gas discoveries has been deferred until February 2022 following a revised environmental impact assessment. In its financial report, gross oil […]
United starts 2021 drill campaign with ASH-3 well
United Oil and Gas plc announced the start of its 2021 drilling campaign with the ASH-3 development oil well in the Abu Sennan licence in the Western Desert, Egypt. SCHEDULE Kuwait Energy Egypt began operations on 4 January at the licence in which United holds a 22% working interest. The hydrocarbon exploration, development and production […]