Block Energy plc said it built its production and development base and maintained a strong financial position in 2020 due to its acquisition of 100% shares of Block Rustaveli Ltd in West Rustavi, Georgia. The acquisition, formerly Schlumberger Rustaveli Company Ltd, holds the PSCs to Blocks IX and XIB. FINANCIAL In its audited results for the year ended 31 […]
Tag: oil and gas
Wressle receives approval for crude oil storage
Egdon Resources plc said it had received approval to store crude oil in licences PEDL180 and PEDL182 at Wressle oil field in North Lincolnshire. North Lincolnshire Council granted the site operator permission for full use of the installed oil storage capacity at the site of approximately 2,000 barrels. Egdon said it would also allow full […]
Deltic-Shell award Pensacola survey contract
Deltic Energy plc and partner Shell UK Ltd have awarded the contract for geophysical and geotechnical site survey works over the Pensacola prospect in the UK southern North Sea. RESOURCE Fugro GB North Marine Ltd will begin the work on licence P2252 at the end of July and finish during Q3 in preparation for the […]
Union Jack in ‘sound financial health ‘
Union Jack Oil plc said it was in sound financial health and on course to becoming a significant principally onshore mid-tier UK oil and gas producer. In its financial results for for the year ended 31 December 2020, the company reported increased revenue of £158,004 (2019: £136,959) from production income at Keddington and the Fiskerton […]
IOG awards duty holder contract
IOG plc has awarded the Phase 1 duty holder contract for installation and pipeline operator as well as facilities operations and maintenance (O&M) to ODE Asset Management (ODE AM) for its gas projects in the Southern North Sea. ODE AM will deliver production operations from offshore infrastructure including Blythe and Southwark platforms, the Thames Pipeline […]
IOG to support university CCS research
IOG plc said it would be supporting university research into carbon capture and storage (CCS) and other renewable opportunities across its gas assets at Bacton in the Southern North Sea (SNS). The company, which on 27 April changed its name from Independent Oil & Gas, has signed a collaboration agreement with GeoNetZero CDT at Heriot-Watt […]