UK Oil & Gas plc (UKOG) expects the final decision in June on its plans for gas appraisal drilling at Loxley, Surrey. RECOMMENDATION The company had appealed against the county council’s refusal to grant permission for exploration wells, and a public inquiry followed during Summer 2021. Earlier in 2022, the secretary of state for levelling […]
Tag: gas
Baron Oil continues focus on Chuditch
Baron Oil plc said it would continue to focus on its existing operated Chuditch gas PSC following the end of the second licensing round in Timor-Leste. CHUDITCH PSC The company’s subsidiary, SundaGas Banda Unipessoal Lda had conducted a detailed evaluation of the offshore blocks available in the round before concluding to focus on Chuditch. The […]
Borders to raise $1.8m for Falkland licences
Borders & Southern plc said it planned to raise US$1.8 million (£1.35m) to appraise and develop its Darwin gas-condensate discovery off the Falkland Islands. FUNDRAISING The money will also be used for general working capital. The company added it intended to raise $600,000 (£450,000) in a subscription solely involving chairman Harry Dobson for 34,702,000 new […]
United on course to complete SPA for gas licence in Italy
United Oil & Gas plc announced it was nearing the completion of selling its interests in the Podere Gallina licence holding the Selva gas project in Italy. SPA PXOG Marshall Ltd, a subsidiary of Prospex Energy plc, signed a conditional sales and purchase agreement to buy United’s 100%-owned subsidiary UOG Italia Srl for €2.165m ($2.54m […]
Neptune awards £3m contracts to support Cygnus
Neptune Energy has awarded a series of contracts totalling £3 million to support gas production at its operated Cygnus Alpha and Bravo platforms in the UK Southern North Sea. MAINTENANCE The work includes diving support vessel services, helicopter services and general inspection activities to support maintaining high levels of gas production. Cygnus is capable of […]
Stormy weather delays IOG first gas
IOG plc said that the current storms had delayed first gas until March from its Saturn Banks gas project in the Southern North Sea. SATURN BANKS The Phase 1 project comprises the Blythe, Elgood and Southwark fields in which IOG owns a 50-50 interest with CalEnergy Resources. STORMY WEATHER The company said that the Saturn Banks reception facilities preparation […]