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. […]
Tag: oil and gas
VOG settles gas invoices and agrees £1.25m loan
Victoria Oil & Gas plc (VOG)’s wholly owned subsidiary, onshore gas producer and distributor Gaz du Cameroun SA (GDC) in Cameroon, has settled gas invoices and agreed a loan note. INVOICES The agreement relates to take-or-pay invoices with Eneo Cameroon S.A. of 2.74 billion CFA franc ($5m/£3.58m) to GDC. The settlement signed on 16 April […]
Serica 2020 profits plunged but operations continued
Serica Energy plc’s pre-tax profits for 2020 plummeted due to low oil prices and Bruce caisson shut-in but the company managed to continue operations. No Covid-19 cases or injuries were recorded and the company avoided furloughing staff and government assistance programmes. Serica also continued to make progress with its environment, social and governance policies with […]
United marks notable increase in reserves at Abu Sennan
United Oil & Gas plc has announced a material increase in oil and gas reserves from an independent evaluation of the Abu Sennan concession in Egypt. A report by Gaffney Cline & Associates showed a 24% increase in Abu Sennan gross 2P reserves to 16.8 MMboe (15% gas) from 13.5 MMboe at the beginning of 2020. […]
JOG appoints Les Thomas as independent NED
Jersey Oil & Gas plc has appointed Les Thomas to the board as an independent non-executive director with immediate effect. Mr Thomas has more than 35 years’ experience in the oil and gas industry, in various subsurface, engineering, operational and senior management positions. From 2013 to 2020, he was chief executive of Ithaca Energy Inc. […]
United reports Q1 increase in oil output at Abu Sennan
United Oil & Gas plc announced an increase in production during the first quarter of 2021 at Abu Sennan, Egypt. The company’s Q1 2021 net working interest production averaged 2,520 boepd (2,053 boepd oil and 467 boepd gas). The figure is slightly above the previously provided guidance for H1-21 of between 2,300 and 2,500 boepd […]