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The Prax Group has announced that it has successfully completed the strategic acquisition of Hurricane Energy in the United Kingdom. Hurricane is a UK-based oil and gas exploration and production company with a 100 per cent operated interest in the Lancaster offshore oil field in the West of Shetland basin. ....
Westmount Energy has announced that it has purchased 300,000 common shares in Africa Oil Corp. The purchase increases Westmount s indirect exposure to anticipated exploration drilling on the Canje and Orinduik blocks, offshore Guyana from 2024 and in addition provides liquid exposure to the scheduled 2023, up to 4 well, appraisal drilling and testing program on the giant Venus discovery in the Orange Basin, offshore Namibia. ....
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Norway: Oil proven in appraisal wells west of the Yggdrasil field in the North Sea energy-pedia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from energy-pedia.com Daily Mail and Mail on Sunday newspapers.
The Energy Profits Levy, which puts a marginal tax rate of 75% on North Sea oil and gas production, will remain in place for the next five years while oil and gas prices remain higher than historic norms – but this will fall back to 40% when prices consistently return to normal levels for a sustained period. ....