The Oil and Gas Authority (OGA) said that a minority of companies still needed to improve standards to match those of the majority and warned it would take enforcement action if problems persist. The warning comes after OGA reported in September 2020 that the volume of gas flared and vented in offshore upstream oil and […]
Tag: oil and gas
ABMEC urges more self-reliance in UK mining
UK mining should have greater reliance on itself and be more responsive to external market forces in order to meet the industry’s demands, said the country’s mining equipment body. STUDENTS Yorkshire-based Association of British Mining Equipment Companies (ABMEC) also raised concerns over fewer applications from students to geoscience-related courses following the decision by Camborne School […]
Europa expects Inezgane to live up to its promise
Europa Oil & Gas (Holdings) said it hoped to build on initial encouraging results from the Inezgane licence near Agadir, Morocco after the company was granted a one-year extension to its permit. The hydrocarbon exploration, development and production company has so far mapped up to 10 billion barrels of unrisked oil resources. Morocco’s National Office […]
UKOG-Egdon-Angus give up Holmwood oil licence
UK Oil and Gas announced today that it had relinquished its oil licence PEDL143 in Holmwood, Surrey, in which it held a 67.5% stake. The other main partners in the licence who have also given up their interests are Egdon Resources plc (18.4%) and Angus Energy (12.5%). UKOG said that a detailed study had been […]
UKOG plans for Loxley to be redetermined
UK Oil & Gas plc will have its application for a gas appraisal project in Loxley near the village of Dunsfold redetermined in November by Surrey County Council. ACCUMULATION The local authority refused permission at an earlier hearing against its officers’ recommended approval. Technical issues resulted in a rerun and the application will be now […]
Europa losses widen as it offloads licences
Europa Oil & Gas (Holdings) announced a pre-tax loss of £5.4 million compared with £0.7m in 2019 including write-offs taken following the company’s relinquishment of its Irish licences. In its final results for the 12 months ended 31 July 2020, the hydrocarbon company with interests in the UK, Ireland and Morocco also announced pre-tax loss […]