The Environment Agency (EA) has said it was minded to accept draft proposals for changes, including construction of four additional boreholes, at Horse Hill oil field near Gatwick in Surrey. VARIATION Operator Horse Hill Developments Limited (HHDL) applied to the EA for a variation of its permit covering a range of work. UK Oil & […]
Tag: oil
Neptune starts drilling Hamlet exploration well
Neptune Energy and its partners have started drilling on the Hamlet exploration well in the Norwegian North Sea. HAMLET The Hamlet prospect is at a water depth of 358m and 7km north of the Gjøa field within the Neptune-operated PL153 licence. It lies 58km west of Florø in Norway. The reservoir target is the Lower […]
Capricorn receives $1bn tax refund from India
Capricorn Energy plc said that the Indian tax refund of INR79 billion had now been paid and it had received net proceeds of US$1.06bn. The company expects to issue a circular in early March detailing the shareholder resolutions required in connection with the proposed shareholder return of up to $700m. This comprises a $500m tender […]
Capricorn appoints Luis Araujo as independent NED
Capricorn Energy plc has appointed Luis Araujo as an independent non-executive director (NED) with effect from 11 May 2022. Mr Araujo has more than 38 years’ experience in the oil and gas and energy markets, predominantly in Brazil and Scotland. He was chief executive officer and president of Aker Solutions from 2014 to 2020 and […]
Tullow receives $75m after Uganda final investment decision
Tullow Oil plc said it had received a contingent payment of $75 million after the final investment decision for the Tilenga project in Uganda and the East African crude oil pipeline (EACOP). EXPOSURE The Africa-focused company added that the figure was in relation to the $575m sale of its assets in Uganda to Total during […]
Hurricane Energy maintains output at Lancaster
Hurricane Energy plc said it produced 9,500 bopd from the 205/21a-6 (P6) well during January 2022 at the Lancaster field, West of Shetland. PRODUCTION The 27th cargo of Lancaster oil, totalling approximately 530 Mbbls, was lifted on 25 January 2022 and priced at $81.4/bbl. The next cargo is anticipated to be lifted in late March 2022. January 2022 […]