Capricorn Energy plc expects $50 million in January 2025 from the sale of its production sharing contract (PSC) interests in the Sangomar oil field, Senegal. TAX With all the terms and conditions satisfied of the agreement, purchaser Woodside Energy has until 22 January to make the payment. Capricorn added it remained committed to returning available […]
Oil & Gas
EnQuest to increase Seligli gas production
EnQuest plc has secured an agreement to develop an additional 55 billion standard cubic feet gas from the Seligli field, offshore Malaysia. INFRASTRUCTURE The PM8 extension production sharing contract is a 50% equity share with Petroliam Nasional Berhad (Petronas) Carigali Sdn Bhd (PCSB) and E&P Malaysia Venture Sdn Bhd (EPMV). The deal will see annexation […]
Tullow-Kosmos abandon offer talks
Tullow Oil plc today said that preliminary talks have ended over a possible all-share acquisition of the company by Kosmos Energy plc. CONFIDENT The company added that initial discussions had been at a “very early stage and before due diligence had progressed between the parties”. Kosmos’s own statement read that it “did not intend to make […]
Prospex begins gas sales from Viura-1B
Prospex Energy plc has more than doubled production and revenue from its producing assets with the start of gas sales from the completed Viura-1B development well in northern Spain. EXPANSION Flow testing is underway at rates of up to 500,000 standard cubic metres per day, (17.7 million standard cubic metres per day), with 72,000 scm/d (2.6 MMscfd) net […]
Orcadian to sell 50% of HALO
Orcadian Energy plc has agreed to sell 50% of the ordinary shares of HALO Offshore UK Ltd to Independent Power Corporation plc. COSTS IPC founder and chief executive Peter Earl as well as Mark Preece will join directors Alan Hume and Steve Brown, who is also Orcadian CEO, on the HALO board. Both companies aim […]
Poor weather delays Galactica-Pegasus drilling
Helium One Global Ltd’s partner has deferred drilling at the Galactica-Pegasus helium project because of saturated ground caused by poor weather. COSTS The company holds a 50-50 joint venture with operator Blue Star Helium in the Las Animas County project, Colorado. Ground conditions and snow melt prevented construction of well sites and access roads, but the […]