United Oil & Gas plc has signed a €2.165 million conditional sale of its Selva gas interests in Italy assets to Prospex Energy plc. RESERVES United’s subsidiary holds a 20% non-operated interest in the Podere Gallina licence, containing the gas development project, in the Po Valley region. Prospex will acquire 100% of the subsidiary, effective […]
Tag: oil and gas
Neptune awarded silver medal by EcoVadis
Neptune Energy plc announced it had been awarded silver medal status from environment, social and governance (ESG) ratings organisation, EcoVadis. PIONEERING The ranking places Neptune in the top 25% of all 75,000 global organisations assessed by EcoVadis. The organisation assesses companies’ policies, actions and performance disclosures in the areas of environment, labour and human rights, […]
IOG commits to Scope 1 and 2 net zero
IOG plc has completed a comprehensive emissions assessment (EA) which commits the company to Scope 1 and 2 net zero status as of 2021. KEY POINTS The EA was conducted by IOG’s internal environmental, social and governance (ESG) taskforce in collaboration with energy advisor Genesis. The EA encompassed the Phase 1 development and corporate activities. […]
IOG appoints James Chance head of capital markets-ESG
IOG plc has appointed James Chance to a new role of head of capital markets and ESG [environment, social and governance]. Mr Chance has led the company’s ESG work since 2020.
Europa starts farm-out process for Inezgane
Europa Oil & Gas (Holdings) plc has formally started the farm-out for its 11,228 km2 Inezgane permit, offshore Morocco in the Agadir Basin. INEZGANE Europa was awarded the licence in 2019 and holds a 75% interest and operatorship in the licence with Morocco’s ONHYM owning the remaining 25%. The licence lies in water depths mostly below […]
IOG spuds Blythe development well
IOG plc announced it had spud the Blythe development well in the UK Southern North Sea and expected first gas during the fourth quarter of 2021. SCHEDULE The well is the second in the company’s Phase 1 project, following Elgood, and is expected to take under three months to drill and complete before the rig […]