Jersey Oil & Gas (JOG) has paid $850,000 in a settlement with TGS-Nopec Geophysical Company (TGS). The payment leaves the North Sea hydrocarbon exploration and production company with some £5 million at the end of December 2020. TGS had wanted uplift payments from JOG of $1.05million, which was disputed by the company. The money is […]
Oil & Gas
Red Rock looks to ‘dynamic’ 2021
Red Rock Resources plc said it planned dynamic exploration and active local engagement following years of preparations as it reported a higher profit following a loss for the previous period. Group profit before tax was £5,156 million for the year ended 30 June 2020 compared with £1,724m for the previous year. The company, with interests […]
United completes ASH gas pipeline and boosts output
United Oil and Gas plc announced an additional 5.45 million standard cubic feet per day (1,090 barrels of oil equivalent per day) gross after completing the ASH gas pipeline at the Abu Sennan licence in Egypt. The company, which has production, development, exploration and appraisal assets, added that gas recovery rates had improved across the […]
United appoints Tom Hickey as independent NED
United Oil & Gas plc has appointed Tom Hickey as independent non-executive director with effect from 1 January 2021. He will also chair United’s audit committee and will sit on the company’s AIM compliance and remuneration committees. Mr Hickey was chief financial officer for Tullow Oil plc from 2000 to 2008 and took a central […]
Judicial review dismissed over UKOG Horse Hill oil
A judicial review has been dismissed against Surrey County Council’s planning consent for long-term oil production at the UK Oil and Gas (UKOG) site in Horse Hill, Surrey. The High Court’s judgement rejected the challenge’s three grounds, so leaving the company’s planning consent in place. UKOG, which owns 85.635% of the project, was granted permission […]
UKOG to appeal against Loxley gas appraisal refusal
UK Oil & Gas plc (UKOG) will appeal against Surrey County Council’s decision to refuse planning permission for its Loxley-1 gas appraisal project near Dunsfold. The council issued a decision notice on Tuesday (15 December 2020) following the planning committee’s refusal in November over concerns of highway safety and the impact on landscape. bit.ly/2WsmeOP UKOG […]