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San Leon Energy provides operational update


San Leon Energy provides operational update
16 Mar 2021
San Leon Energy, the independent oil and gas production, development and exploration company focused on Nigeria, has provided an operational update.
OML 18
In common with many oil and gas projects, operational activity on OML 18 remains low whilst OPEC quota restrictions are in place. In addition, appropriate budget restrictions have been implemented which are designed to preserve cash. Eroton, the operator of OML 18, anticipates the startup of the Alternative Crude Oil Evacuation System ( ACOES ) project, which is expected to positively impact production, further details of which are set out below.
During the course of this year, San Leon is due to receive, under the Loan Note instrument which governs the loan it made at the time of its investment in OML 18, its final payments of over US$98 million in three equal instalments, commencing in July 2021 and completing by December 2021 .  Midwestern Oil & Gas ....

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UK: Deloitte comments on Oil and Gas UK's Business Outlook 2021


UK: Deloitte comments on Oil and Gas UK’s Business Outlook 2021
16 Mar 2021
Deloitte in Aberdeen, comments on
Business Outlook 2021, published today.
Today’s report is a clear account of the challenges and opportunities facing the oil and gas sector, as firms shift their mindset towards recovery.
While the industry is used to the highs and lows of economic and price cycles, the last twelve months have been like nothing ever seen before. Firms have been in survival mode, responding to both the downturn in oil price and the difficulties associated with COVID-19.
However, the pandemic has also turned into a fast-forward scenario for the industry, which brings with it a number of opportunities, and it is vital to capitalise on this. Pivoting towards a new energy future remains key, and the sector has a critical role to play, working with the UK and Scottish Governments to help build a sustainable recovery on the road to net zero. The UKCS also remains ....

Graham Hollis , Office Senior Partner For Deloitte , Office Senior Partner , Business Outlook , E Ampp News , Oil And Gas Exploration , Exploration And Production , Energy Pedia , Geological And Geophysical , Alternative Energy , Heavy Oil , Oil And Gas Condensate , Licence Round , Oil And Gas Ministry , Oil Companies , கிரஹாம் ஹோலிஸ் , அலுவலகம் மூத்தவர் கூட்டாளர் க்கு டெலோய்ட்டே , அலுவலகம் மூத்தவர் கூட்டாளர் , வணிக ஔட்‌லுக் , ஏ அம்ப்ப செய்தி , எண்ணெய் மற்றும் வாயு ஆய்வு , ஆய்வு மற்றும் ப்ரொடக்ஶந் , ஆற்றல் பேதியா , நில அதிர்வு , புவியியல் மற்றும் புவி இயற்பியல் , மாற்று ஆற்றல் ,