Premier Oil plc said it had received support from each class of its creditors for the offshore company’s proposed merger with Chrysaor Holdings Ltd. The creditors have entered into a binding support letter for the deal which will also see a reorganisation of Premier’s existing financial arrangements. In October 2020, Premier announced the proposal following […]
Oil & Gas
OGA warns companies failing to comply with rules
The Oil and Gas Authority (OGA) said that a minority of companies still needed to improve standards to match those of the majority and warned it would take enforcement action if problems persist. The warning comes after OGA reported in September 2020 that the volume of gas flared and vented in offshore upstream oil and […]
Case studies of shale gas sites show low risk to groundwater
A study of impacts on groundwater from shale gas production in northern England found that up to 14% of case areas could potentially be used to produce shale gas. The joint report by the Environment Agency and the British Geological Survey also concluded that groundwater across a district or region would be at low risk […]
Cuadrilla shale site emits methane equal to 142 LON-NY flights
Cuadrilla plc’s hydraulic fracturing at its shale gas site in Lancashire led to an atmospheric venting of 4.2 tonnes of methane gas in one week, said the British Geological Survey (BGS). The company, now 97% owned by Australian mining firm AJ Lucas, was operating in the Bowland shale (Preston) until the Government introduced a moratorium […]
IGas to convert methane into hydrogen at southeast sites
IGas Energy plc said it aimed to produce hydrogen from its existing methane resources after entering a heads of agreement with a US manufacturer of modular hydrogen generation systems. The oil and gas explorer and developer said it had identified two of its exisiting sites in the south east of England where the gas resource could […]
Oil and gas workers fell 4,000 due to UK Covid-19 rules
Approximately 4,000 employees on offshore oil and gas installations had to stop working when Covid-19 restrictions were enforced during March in the UK. Oil & Gas UK (OGUK) said that the average weekly personnel on board, especially in drilling and construction, decreased from around 11,000 on the 8 March to just over 7,000 a month […]