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Kenmare

Guidance update

Following some unexpected issues with the electricity grid and associated power outages, Kenmare now expects 2022 ilmenite production to be 2.7% below our forecast. However, shipments...

Barryroe Offshore Energy plc

Execution of funding agreement

Barryroe has confirmed that the funding agreement, announced as being finalised on November 22nd with Vevan Unlimited Company (Vevan), has now been executed. The funding can be used...

Barryroe Offshore Energy plc

Funding requirements from DECC have been met

Barryroe has announced that it has agreed a funding arrangement with a key shareholder, Vevan Unlimited Company, to underwrite the entire funding costs associated with the work...

Barryroe Offshore Energy plc

Financial Capability Assessment

Barryroe confirmed on October 31st that it has had correspondence with the Department of the Environment, Climate and Communications (DECC) regarding its Lease Undertaking...

Kenmare

New forecasts and sensitivities

We upgrade our Kenmare forecasts for 2022/2023 and introduce new forecasts for 2024. We continue to conservatively model a decline in commodity prices through 2024 due to macro...

Barryroe Offshore Energy plc

H1 2022 results statement

Barryroe Offshore Energy’s (BEY) interim results re-state the contribution that the Barryroe field can make to energy security in Ireland, facilitate the energy transition period and...

Kenmare

Appointment of new Financial Director

Kenmare has announced that Tom Hickey has been appointed as the new Financial Director to replace Tony McCluskey, who previously announced that he is retiring. This appointment is...

Kenmare

H1 2022 results statement

Kenmare has reported H1 2022 results that reflect volumes outlined in its recent production update which were impacted by weather and reduced shipping capacity. Pricing has...

Kenmare

Q2 production report

Kenmare’s Q2 production report reflects below forecast volumes due to higher slimes levels leading to a minor impact to our full year volume forecasts. Pricing is ahead of expectations,...

Tullow Oil

Trading statement for H1 2022

Tullow has confirmed in a trading statement that H1 2022 results are in line with expectations. Full year guidance for 2022 is unchanged. This includes an expected increase in production...