Cairn Energy plc has received shareholder approval for the US$460 million sale of its Catcher and Kraken interests in the North Sea. On 28 October, the company’s shareholders voted on the proposal at a general meeting where the resolution was passed by the requisite majority. The sale involves Cairn’s entire 20% interest in Catcher and […]
Tag: North Sea
Union Jack turns down further 25% in Claymore Piper
Union Jack Oil plc has decided not to acquire a further 25% interest in the Claymore Piper complex royalty units in the North Sea. CORE PROJECTS In March 2021, the company acquired a 2.5% interest in the complex, which at the time it said was attractive, cash generating and high yielding, and consistent with its […]
Hurricane production returns to pre-shutdown levels
Hurricane Energy plc announced that production had returned to pre-shutdown levels at its operations in the Lancaster field, West of Shetland. CARGO The company said that the production rate immediately following the annual shutdown was increased leading to the average oil rate for August being higher than in previous months. The 24th cargo of Lancaster oil […]
Orcadian licenses 3D seismic data for Pilot-Blakeney-Bowhead
Orcadian Energy plc has licensed a 3D seismic dataset covering the Pilot and Blakeney discoveries and the Bowhead prospect within block 21/27 in the North Sea. POTENTIAL The dataset received from TGS was shot during 2011 and 2012 and reprocessed to focus on the Tay discoveries and prospects during 2018 and 2019. Orcadian said that […]
Reabold notes completion of EBS at Victory
Reabold Resources plc announced that a key milestone had been reached with the completion of the environment baseline survey (EBS) at the Victory gas discovery, northwest of the Shetland Islands. The upstream oil and gas investor holds a 49.99% interest in operator Corallian Energy Ltd which in turn owns a 100% interest in Victory. Corallian […]
IOG signs off Blythe-Southwark platforms
Independent Oil and Gas plc (IOG) today announced the mechanical completion of the Blythe and Southwark platforms, with installation due by the end of June 2021. CONSTRUCTION The gas company added that, following the arrival of the Noble Hans Deul rig at Elgood, it had also full drawn its bond escrow account into unrestricted cash. […]