Deltic Energy is facing yet another potential acquisition bid, this time from Independent Oil and Gas (IOG).
Deltic Energy said the company is largely “insulated” from the impact of Covid-19 thanks to the financial benefits of Shell farm-outs last year.
Shell has delivered new seismic data on the Pensacola prospect in the North Sea, with partner Deltic Energy claiming it is “highly analogous” to a discovery which struck oil last year.
Deltic Energy has announced a “material increase” in estimates of gas at a North Sea licence which Shell farmed into last year.
Cluff Natural Resources (CLNR) has said it is “fully committed” to drilling a Shell-partnered North Sea prospect next year, however another is expected to be delayed to 2022.
A company named after one of the pioneers of North Sea oil and gas exploration is planning to change its name.
Pre-tax losses widened at Cluff Natural Resources (CLNR) in a first-half marked by flagship deals with energy giant Shell on its southern North Sea licences.
Shell has completed a 50% farm in to a North Sea licence held by Cluff Natural Resources (CLNR).
Cluff Natural Resources (CLNR) has raised £15m through share placing in order pay its share of two North Sea licences Shell recenty farmed into.
Shell has taken an option to farm-in to a 90million barrel North Sea prospect owned by Cluff Natural Resources (CLNR).