Irish exploration company awarded new North Sea oil licences

The new assets are in the centre of the North Sea, close to the low-risk Zeta project. Irish exploration company United Oil and Gas has been provisionally awarded two blocks in the North Sea as part of the UK’s latest exploration licensing round. The new assets are in...

United Oil shares jump 12% on UK deal

Shares in Dublin-based exploration company United Oil and Gas jumped more than 12% on the news of it buying into three licences in the south of England. The company, established by former Tullow Oil executives, has taken a 10% share of three licences operated by...

United Oil and Gas will consider Irish licence buys

Newly-floated exploration company United Oil and Gas (UOG) will consider acquiring licences offshore Ireland in the medium-term, after building cash reserves and executing a near-term expansion plan in mainland Europe. Shares in the Dublin-based company — headed by...

Dublin oil firm to list shares in London

Dublin-based exploration company United Oil and Gas (UOG) is to take a share listing on the London Stock Exchange via a reverse takeover of British company Senterra. UOG — led by two former Tullow Oil executives — is also targeting further additions to its growing...