Hurricane Energy plc announced it had ruled out drilling during summer 2021 and was looking at three other options for further activity on its 100% owned Lancaster field. In December 2020, the offshore hydrocarbon company, focused on naturally fractured basement reservoirs, said it would engage with its stakeholders including an ad hoc group of convertible […]
Tag: West of Shetland
Reabold to invest further £1m in Corallian
Oil and gas investor Reabold Resources plc said it expected to invest £1 million in Corallian Energy Ltd through a conditional convertible loan instrument for the Victory gas field, West of Shetland. The convertible loan is conditional on Corallian receiving the consent of 75% or more of its shareholders. Reabold has an existing 36.9% shareholding […]
OGA notes joint power sites for oil-gas and wind farms
Shared electrification of offshore oil and gas industry and wind farms aimed at reducing greenhouse gas emissions has taken a step further by the Oil & Gas Authority (OGA). Areas identified with the most significant opportunities are West of Shetland, the Outer Moray Firth, Central North Sea and Southern North Sea. The OGA stated that […]