Angus Energy plc said commissioning experts were now handling the process to export sales gas from its project at Slatfleetby, Lincolnshire. TESTING The company added it now had all the equipment necessary on site. “Contractors are working toward a target date for first flow of well-head gas through the plant during the week commencing 20 […]
Tag: gas
i3 Energy publishes first annual ESG report
i3 Energy plc has published its first annual environment, social and governance (ESG) report for its oil and gas operations in the UK North Sea and Alberta, Canada. EMISSIONS A total of 82% of i3’s production is gas and natural gas liquids. i3 said it was committed to being net zero for Scope 1 and Scope […]
Serica urges fiscal stability for oil & gas industry as it looks to tax savings
Serica Energy plc today urged policy makers to encourage fiscal stability for the oil and gas industry as the company looks to tax savings for its North Sea operations. TAX SAVING The company made the comments today in its financial and production report for May 2022, following the Government’s Energy Profits Levy announced last month. […]
Serica increases May 2022 production and cash reserves
Serica Energy plc announced strong production and cash position for May 2022 from its gas operations in the UK North Sea. OPERATIONS More than 85% of Serica’s production is gas and its operated North Sea assets provide more than 5% of the UK’s gas production. The month of May saw net production average in excess […]
Ascent completes legal funding for Slovenia claim
Ascent Resources plc said it had signed a binding damages-based “no win no fee” agreement to appoint Enyo Law LLP for its arbitration claim against Slovenia. TREATIES The claim is based on breaches of the Energy Charter Treaty (ECT) and UK-Slovenia Bilateral Investment Treaty (BIT). Enyo represented Ascent in last year’s pre-arbitration negotiations with Slovenia. FRUSTRATION […]
Angus to acquire remaining Saltfleetby stake for £14m
Angus Energy plc has signed an agreement to acquire the remaining share from its joint venture partner in the onshore Saltfleetby gas project in east Lincolnshire. SUBSCRIPTION The company will acquire the entire issued share capital of Saltfleetby Energy Ltd (SEL), which owns a 49% working interest in the project, from the seller Forum Energy […]