News Oil & Gas

Harbour finds marginal accumulations at Dunnottar

Harbour Energy plc announced it had found marginal accumulations from drilling the Dunnottar exploration well (30/8-4) in licence P2399 in the UK North Sea. ASSESSMENT The well reached a total measured depth of 15,639 feet encountering hydrocarbon-bearing intervals in the Palaeocene, Jurassic and Triassic. Harbour Energy said it would assess the commerciality of the marginal accumulations and in the meantime would […]

News Oil & Gas

United raises production guidance after ‘landmark’ 2020

United Oil & Gas plc recorded its first year of revenues in 2020 and raised 2021 full-year production guidance for its licences in Egypt. ABU SENNAN Results for the year ended 31 December 2020 showed group profit of $850,000 with $9.1m (£6.5m) revenues from its Rockhopper Egypt acquisition (28 February – 31 December 2020). United’s cash capital […]

News Oil & Gas

EnQuest revenues fall but recovery seen in Golden Eagle

EnQuest plc reported revenues and EBITDA* nearly halved by the end of last year, reflecting lower oil prices and the cessation of production at Heather, Thistle and Alma/Galia following the reorganisation in 2020. But the group, with operations in the UK North Sea and Malaysia, remains optimistic that its proposed acquisition of the Golden Eagle […]