Ascent Resources plc and its Slovenia subsidiary’s arbitration hearing over its claim against the Republic of Slovenia has concluded. The hearing related to the International Centre for Settlement of Investment Disputes (ICSID) Energy Charter Treaty. The company said that the private and confidential hearing addressed matters including the merits and quantum evaluations of the claim. […]
Tag: oil and gas
Helium One JV spuds Jackson-27 at Galactica
Helium One Global Ltd has spudded the Jackson-27 development well at the Galactica joint venture project in Las Animas County, Colorado, USA. LYONS Australian operator Blue Star Helium is currently installing and testing the blowout preventers before drilling through the intermediate hole section. The well is targeting the Lyons Sandstone formation, with total depth planned […]
New compressor increases Saltfleetby production
Angus Energy plc has increased production following the commissioning of the new booster compressor at the Saltfleetby gas field in East Lincolnshire. OPTIMISE The company said that operations, starting on 11 April, were at a lower suction pressure than the two existing compressors to allow “more pressure drawdown of the wells”. This also eased the […]
Prospex completes 100% acquisition of Tarba
Prospex Energy plc has secured 100% ownership of the El Romeral concession following the completed acquisition of its joint venture partner in Tarba Energia S.L. COMPANY MOVES The company and Warrego Energy Ltd previously operated through Tarba with a 49.9 and 50.1% share. In addition to the project located near Carmona in Southern Spain, Tarba […]
UKOG welcomes 62% rise in Horndean reserves
UK Oil & Gas plc has reported a near two-thirds increase in reserves at the Horndean onshore oil joint venture, 10 miles north of Portsmouth in Hampshire. VALUE A new reserves report for operator Star Energy Group plc assessed and compared the field’s remaining reserves at the end of 2024 with the end of 2023. […]
Deltic increases Selene reserves by 33%
Deltic Energy plc reported a 33% increase in gross 2C resources of 174 billion cubic feet at the Selene gas joint venture in the UK Southern North Sea. DEVELOPMENT Partner and operator Shell (UK) Ltd analysed 176 core plugs taken from drill core samples over the Leman B-Sand, the “key producing interval within the much […]