News Oil & Gas

Hartshead wins new North Sea licences

Hartshead Resources NL, which in April reduced its workforce, has won six new oil and gas licences covering 10 blocks in the southern North Sea. ACREAGE The Australian company has accepted three licences and is awaiting grant of a further three from the North Sea Transition Authority’s 33rd licensing round. Five licences consisting of nine […]

Finance News Oil & Gas

Orcadian delays action over debt payment

Orcadian Energy plc faces no action until the end of August for missing the deadline to pay $1.43 million debt to Shell International Trading and Shipping Company Ltd (Stasco). OBLIGATIONS The amount owed will be settled from payment due under a proposed farm-in or joint venture on Orcadian’s southern North Sea Earlham discovery. The company […]

News Oil & Gas

Deltic withdraws from Pensacola

Deltic Energy plc has withdrawn from the southern North Sea Pensacola discovery after being unable to find funding or a farm-in partner. INFRASTRUCTURE Operator Shell UK Ltd last week allowed more time to secure a solution for its 30% interest in licence P2252, but Deltic today said it was could not commit to an appraisal […]