Finance News Oil & Gas

Predator to raise £2m via placing

Predator Oil & Gas Holdings plc has conditionally placed 40 million new ordinary shares of no par value in the company at 5 pence each to raise £2m with a single institutional investor. The company said that the placing was significantly oversubscribed and utilised some of its existing headroom shares under the Financial Conduct’s Authority prospectus regulation rules. A total […]

Equipment & Logistics News Oil & Gas

Vermilion completes early turnaround at Corrib

Vermilion Energy Inc has completed a planned major turnaround five days ahead of schedule in the Corrib natural gas field, offshore Ireland. GUIDANCE Corrib is forecast to produce approximately 10,000 boe/d gas net to Vermilion and contribute to the company achieving the upper end of overall Q4 2023 guidance range of 80,000 to 83,000 boe/d. Vermilion holds a […]

News Oil & Gas

Vermilion increases Corrib interest to 56.5%

Vermilion Energy Inc has increased its operated interest from 20 to 56.5% in the Corrib natural gas project 83km off the northwest coast of County Mayo, Ireland. LOW EMISSIONS The Canadian company said it was now the largest provider of domestic natural gas in Ireland following its completed US$434 million acquisition of Equinor Energy Ireland Ltd. […]