Core Viewpoint - The recent reset of the UK fiscal framework significantly enhances the prospects for Jersey Oil and Gas PLC's Buchan redevelopment project, transitioning it from planning to execution [1] Company Overview - Jersey Oil and Gas has narrowed its focus to advanced projects, distinguishing itself from many AIM-listed explorers [1] - The Buchan field is a previously producing North Sea asset with well-defined reservoirs, making it a low-risk development opportunity [2] Fiscal Environment - The introduction of the Energy Profits Levy created uncertainty regarding the tax regime, which hindered funding discussions for offshore projects [3][4] - The new fiscal rules provide substantial tax offsets of 84.25% for capital invested before March 2030, lowering the after-tax cost of development significantly [5] Development Strategy - Jersey aims to maximize spending during the high relief period before 2030, with production expected to commence afterward under a stable 40% tax rate [6][7] - This strategy positions costs during the maximum relief phase and revenues in a more predictable tax environment, enhancing the project's fiscal profile [7] Financial Position - Jersey has reduced its annual cash costs to approximately £1.5 million and had £11 million in cash at the end of 2025, allowing for project progression without immediate fundraising pressure [8] - Upon final development plan approval, Jersey is set to receive an additional £15 million ($20 million) from joint venture partners [9] Joint Venture Dynamics - The company retains a 20% carried interest in the Buchan project, enabling it to reach production without significant equity dilution [10] - Jersey holds over £100 million in UK tax losses, which can be utilized effectively once the tax rate stabilizes at 40% post-2030, further improving project economics [10] Operational Progress - Ongoing operational work includes updating the environmental impact assessment and value engineering to reduce capital intensity while maintaining recovery rates [11] - The joint venture partners, NEO Energy and Serica, have expanded their UK North Sea portfolios, indicating strong commitment to the Buchan project [12] Investment Clarity - The shift in fiscal policy has clarified the investment proposition, focusing on whether Jersey, as a financially disciplined company with committed partners, can deliver a sanctioned development [13][14] - This clarity may prove to be a significant asset for Jersey Oil and Gas moving forward [14]

Group 1 - The article emphasizes the focus on cash flow and the potential for value and growth in the oil and natural gas sector [1] - Crude Value Insights provides a service that includes a 50+ stock model account and in-depth cash flow analyses of exploration and production (E&P) firms [1] - Subscribers benefit from live chat discussions about the sector, enhancing community engagement and information sharing [1] Group 2 - A two-week free trial is offered to new subscribers, encouraging them to explore the services related to oil and gas investments [2]

The U.S. is moving as fast as it can to grant Chevron an expanded license for its oil production in Venezuela, U.S. Energy Secretary Chris Wright told Reuters on Friday. ...

Oil major Shell and Japanese conglomerate Mitsubishi Corp are exploring sale options for their respective stakes in the C$40 billion ($28.8 billion) LNG Canada project, three sources familiar with the... ...

Calgary, Alberta--(Newsfile Corp. - January 16, 2026) - Tuktu Resources Ltd. (TSXV: TUK) ("Tuktu" or the "Company"), a junior oil and gas producer based in Calgary, Alberta, announces the results of the special meeting of shareholders ("Shareholders") of Tuktu held on January 15, 2026 (the "Meeting"). A total of 168,408,260 common shares in the capital of the Company (representing 63.42% of the total issued and outstanding shares) were voted in person or by proxy at the Meeting.Shareholders voted: (i) in f ...

Oil executives and lawyers for international oil companies are lobbying the U.S. and Venezuelan governments for changes in the OPEC member's hydrocarbon law that would give them the right to freely ex... ...

Key Takeaways CVX & partners reach FID for Leviathan field expansion, increasing natural gas production capacity in Israel.CVX plans new wells, added subsea equipment, and upgraded treatment facilities to handle higher gas volumes.CVX expects Leviathan output to reach about 21 bcm annually, supporting Israel's demand and regional exports.Chevron Corporation (CVX) , a U.S. oil and gas giant, announced that its subsidiary Chevron Mediterranean Limited (CML) and its partners at the Leviathan natural gas reserv ...

The US is selling Venezuelan oil at 30% higher prices than before as it completed its first sale worth roughly $500 million, according to the US Department of Energy.The sale came in the wake of the US’ stunning Jan. 3 raid that captured dictator Nicolás Maduro and his wife on charges including narco-terrorism conspiracy.“We’re getting about a 30% higher realized price when we sell the same barrel of oil than they sold the same barrel of oil three weeks ago,” Energy Secretary Chris Wright said Thursday duri ...

Key Takeaways EIA sees U.S. natural gas prices averaging under $3.50/MMBtu in 2026 due to oversupply.The outlook also projects prices surging over 30% in 2027, creating an entry opportunity for investors. XLE and FENY offer exposure to major gas producers with export strength, helping buffer weak U.S. prices. As the U.S. Energy Information Administration (EIA) releases its updated 2026 Short-Term Energy Outlook in January, forecasting a potential price decline for natural gas this year, the current spotlig ...

Key Takeaways PTEN will lease two APEX 1500 drilling rigs to Archer under a multi-year agreement for Argentina.PTEN's rigs will support Archer's YPF contract, with Archer covering prep, upgrades and mobilization costs.PTEN expects the high-spec rigs to begin operating in the Vaca Muerta formation by mid-2026.Patterson-UTI Energy, Inc. (PTEN) , a leading provider of onshore drilling and pressure pumping services, has secured a significant agreement to lease two state-of-the-art APEX 1500 drilling rigs to DLS ...