Angus Energy plc has received the booster compressor to add to its existing two compressors at the Saltfleetby field gas processing facility in Lincolnshire. RECOVERY The US-made unit was shipped to the UK and arrived at the site last week. “It has been safely positioned on its concrete plinth and the work to complete the […]
Tag: Saltfleetby gas field
Angus completes Saltfleetby maintenance
Angus Energy plc has completed the planned annual maintenance shutdown at the Saltfleetby gas site, east Lincolnshire. The scheduled five-day outage, finished on 13 July, included maintenance and improvement work, including the installation of compressor acoustic hood. The company reported no safety incidents and no harm to the environment. Dual compressor operation resumed during the […]
Angus NED Paul Forrest resigns
Angus Energy plc non-executive director Paul Forrest has resigned with effect from today. Mr Forrest owns Forum Energy Services Ltd, which completed the sale of Saltfleetby Energy Ltd to Angus in May 2022. He has been involved in the development of the company’s Saltfleetby project since 2019 and joined the board in July 2022. Angus said […]
Angus revenues rise on Saltfleetby production
Angus Energy plc recorded a steep rise in revenues from increased gas production at its 100% owned Saltfleetby field in east Lincolnshire. LIDSEY For the year ending September 2023, revenue from the field’s revenue rose to approximately £28 million (2022: £3m) on production of gross 31,750 bbls of oil and 25,228,853 therms of natural gas […]
Angus signs definitive £20m Trafigura loan
Angus Energy plc will refinance its existing debt and further onshore oil and gas operations after signing a £20 million loan with a subsidiary of Trafigura Group PTE Ltd. COMPRESSOR The definitive documentation to draw down in full on the facility is based on terms agreed at the end of 2023. These include transfer of […]
Angus signs MoU with Trafigura for gas storage
Angus Energy plc has signed a memorandum of understanding with a subsidiary of Trafigura Group Pte Ltd for gas storage at its Saltfleetby gas field in Lincolnshire. OFF-TAKE Angus believes the site to be “volumetrically the UK’s largest onshore gas field and its largest potential subsurface porous rock storage reservoir”. Both parties will also collaborate […]