“Over the past decade we have invested over €70mln into the Salamanca mine which is located in a region suffering from some of the highest levels of youth unemployment within the European Union."
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The specialised oil and gas vessel has left Dubai for the West of Shetland region, via Rotterdam
The recent completion of the acquisition of Steeldrum Oil has been a material step in the growth of the company and establishes a very solid base for its Trinidad operations
In Argentina, the EMS-1001 has been deemed suitable for stimulation following a test
The new drill programme is expected to start next week.
The Caspian-focused oil & gas services provider said it had received acceptances representing 67.08% of the company’s share capital
“The use of the proceeds from a listing in London will allow us to significantly upgrade the company's production profile in a short space of time"
The first few days of October saw volumes rise above the initial 2,000 bopd rate, meanwhile, new wells continue to be optimised and further new drilling is just around the corner
"We are delighted that the re-submission of the tender has been completed and look forward to a response from the ministry,” said Tony Gilby
The tap issue price is 152.5p, a premium to NAV said the infrastructure investor
Next year promises excitement for investors as a new programme of drilling aims to take the Barryroe field towards production
Some evidence of a petroleum was seen but the well failed because the prospect had no trap
Iofina produced a record 172.3 tonnes of iodine in the third quarter of 2018, leaving it on track to achieve its full-year target of between 575-605 tonnes
New management has put operations on hold whilst a review of the company's assets and finances is conducted
“These contracts show the strength and expertise of Wood to deliver a diversified portfolio of energy and industrial services to a broad range of valued clients in various sectors"
"We are delighted to have sourced a drilling rig which is currently on station in the Niger Delta"
“This is a relaunch for the company - an exciting opportunity for the business, with a strong platform for growth"
Richard Spinks will step down from his board position to focus on delivering the Canadian opportunity as Timberlands managing director
The transaction adds the Innis-Trinity and South Erin fields which presently produce some 150 and 100 barrels of oil per day respectively
Shafiq has been a non-executive director since July 2017
Centamin now expects annual production of around 480,000, down from its earlier target of between 505,000-515,000oz
"The discovery of the Amdigh, Bushiya, Eridal, Kunama and Zomo fields in the R3 East PSC area has delivered material value for our stakeholders,” said Andrew Knott
The company said it reserves the right to undertake a placing of any shortfall shares to institutional investors
As a result of the increase in Ceres’ share capital following the Bosch’s recent equity investment, Weichai Power has stumped up a further £1mln for 663,740 shares to maintain its holding at 10%
"It is extremely pleasing that Stanley-1 has moved to a revenue-generating project in a short period of time since the original investment decision,” said John Barr