United Oil & Gas, as part of the Company s ongoing optimisation of its portfolio and capital allocation strategy, has signed a conditional sale and purchase agreement with PXOG Marshall, a subsidiary of Prospex Energy, for the sale of 100% of the share capital of UOG Italia for a consideration of €2.165 million in cash.
Southern Energy Corp, a North American gas-weighted producer focused on growth, has announced the admission of its entire issued and to be issued share capital to trading on the AIM market of the London Stock Exchange.
Lundin Energy has announced first oil from the Extended Well Test (EWT) at the operated Rolvsnes field, the first subsea tie back development for the Edvard Grieg platform.
AIM-listed Global Petroleum has announced, in relation to its licence PEL0094 (Block 2011A) offshore Namibia, that the Ministry of Mines and Energy has agreed to Global s proposal to enter into the next licence sub-period from September 2021 to September 2022.
Recently, eight U.S. Air Force pilots from the 435th Fighter Training Squadron volunteered to test new wearable tech at the 12th Flying Training Wing innovation office at Joint Base San Antonio-Randolph. This technology will help with reducing risks and increase the pilot's safety.