Hope for failed oil firm’s unsecured creditors
UNSECURED creditors of Tuscan Energy (Cragganmore) are likely to get at least some of their money back, joint administrators for the firm have revealed.
gas company
Endeavour hopes to fast-track plan to develop Rochelle
ENDEAVOUR International said yesterday it had drilled an appraisal well on the undeveloped Rochelle discovery in block 15/27 in the outer Moray Firth.
Faroe to take part in Norway drill campaign
FAROE Petroleum, the Aberdeen-based oil and gas company, said yesterday it was planning to participate in three near-term wells in Norwegian waters, in each of which the company has a 10% interest.
North Sea gas find gives Faroe a welcome lift
Faroe Petroleum saw its shares jump more than 40% at one stage yesterday after investors welcomed a second potentially large gas discovery in the Breagh area of the southern North Sea.
Faroe upbeat over venture’s potential
Faroe Petroleum, the Aberdeen-headquartered oil and gas company, said yesterday its latest exploration venture was targeting a significant prospect in a prolific area of the central North Sea.
Energy major makes new find in Alwyn area of North Sea
French oil and gas company Total said yesterday it had made a new gas and condensate discovery in the Alwyn area of the North Sea.