Melrose Resources

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Melrose Resources plc corporate logo

Overview

Melrose Resources plc was an independent upstream oil and gas E&P company founded in 1992, it was first listed on the London Stock Exchange in 1999. The company was headquartered in Edinburgh, UK with international offices in the countries where its operations were located. Its activities were focused on Egypt, Bulgaria, France, Romania, Turkey and the United States. The company merged with Petroceltic International in 2012.

History

The Company was formed in 1992 by Robert Adair to exploit international oil opportunities. It was first listed . In 2004 the company successfully developed the Galata gas field in Bulgaria. In 2006, the company acquired Merlon Petroleum, an oil business with which it shared interests in Egypt.[1]

In October 2012, Melrose Resources merged with Dublin-based Petroceltic International plc in a share for share deal worth $222m, this added new exploration assets in Algeria, Kurdistan and Italy to the existing Melrose portfolio and formed an enlarged oil and gas exploration and production company.[2] Petroceltic was acquired by Worldview Capital Management, a Cayman Island based financial fund in June 2016.

References

  1. ^ Melrose buys partner to gain Egypt assets
  2. ^ "Proposed Merger of Petroceltic and Melrose" (PDF).

External links

Balaur gas field

The Balaur gas field natural gas field located on the continental shelf of the Black Sea. It was discovered in 2010 and developed by Sterling Resources. It will begin production in 2015 and will produce natural gas and condensates. The total proven reserves of the Balaur gas field are around 125 billion cubic feet (3.6 km³), and production is slated to be around 22 million cubic feet/day (0.62×106m³) in 2015.

British Energy Efficiency Federation

The British Energy Efficiency Federation (or BEEF) was founded in 1996 by the United Kingdom Government to provide a forum for consultation between existing industry associations in the energy sector.

Cobza oil field

The Cobza oil field is an oil field located on the continental shelf of the Black Sea. It was discovered in 2010 and developed by Sterling Resources. It will begin production in 2015 and will produce oil. The total proven reserves of the Cobza oil field are around 113 million barrels (15.5×106tonnes), and production is centered on 3,000 barrels per day (480 m3/d).

Energy Retail Association

The Energy Retail Association (ERA) was a trade association which promoted the interests of electricity and gas retailers in the domestic market in Great Britain, formed in 2003. In April 2012 it merged with the Association of Electricity Producers and the UK Business Council for Sustainable Energy to become Energy UK.

Franco-British Nuclear Forum

The first meeting of the Franco–British Nuclear Forum was held in Paris in November 2007, chaired by the Minister for Energy and the French Industry Minister. The working groups are focusing on specific areas for collaboration. A follow-up meeting on the issue in London was planned for March 2008,[1] but did not take place.[2]

GSP Jupiter

GSP Jupiter is a semi-submersible, jackup independent leg cantilever drilling rig operated by GSP Drilling, a Grup Servicii Petroliere subsidiary, and currently laid up in the port of Limassol. The drilling unit is registered in Malta.

GSP Prometeu

GSP Prometeu is a jackup independent leg cantilever drilling rig operated by GSP Drilling, a Grup Servicii Petroliere subsidiary, and currently contracted by Melrose Resources for drilling in the Bulgarian section of the Black Sea. The drilling unit is registered in Malta.

Gîsca oil field

The Gîsca oil field is an oil field located on the continental shelf of the Black Sea. It was discovered in 2010 and developed by Sterling Resources. It will begin production in 2015 and will produce oil. The total proven reserves of the Gîsca oil field are around 21 million barrels (2.9×106tonnes), and production is centered on 1,000 barrels per day (160 m3/d).

Miorița gas field

The Miorița gas field natural gas field located on the continental shelf of the Black Sea. It was discovered in 2010 and developed by Sterling Resources. It will begin production in 2015 and will produce natural gas and condensates. The total proven reserves of the Miorița gas field are around 125 billion cubic feet (3.6 km³), and production is slated to be around 22 million cubic feet/day (0.62×106m³) in 2015.

Muridava gas field

The Muridava license block, also known as Block EX-27, is located on the continental shelf of the Romanian Black Sea. It was awarded in October 2011 to Melrose Resources, now Petroceltic International. The total estimated resources of the Muridava block are around 169 billion cubic feet (4.85 km³), and production could yield around 100 million cubic feet/day (2.8×106m³).

New Electricity Trading Arrangements

New Electricity Trading Arrangements (NETA) is the system of market trading arrangements under which electricity is traded in the United Kingdom's wholesale electricity market as of 27 March 2001. The arrangements provided that parties could trade off their imbalances close to real time.

Opus Energy

Opus Energy Limited supplies gas and electricity to businesses across the United Kingdom. It purchases electricity from wind, solar, hydro, and anaerobic digestion generators, and provides support to develop energy-generating sites. It is headquartered in Northampton, United Kingdom with an additional office in Oxford.

Regal Petroleum

Regal Petroleum plc is a petroleum company based in London with assets in Romania, Ukraine, Greece, and Egypt. It was founded by Frank Timiş in November 1996, and is listed on the London Alternative Investment Market.

Score Group plc

Score Group plc is an international engineering business based in Peterhead, Scotland.

Sunbury Research Centre

The Sunbury Research Centre -- also known as ICBT Sunbury -- is a main research institute of BP in north-east Surrey.

UK Power Networks

UK Power Networks is a distribution network operator for electricity covering South East England, the East of England and London. It manages three licensed distribution networks (Eastern Power Networks PLC, South Eastern Power Networks PLC and London Power Networks PLC) which together cover an area of 30000 square kilometres and approximately eight million customers.

In 2014 UK Power Networks was awarded £25 million from the electricity regulator Ofgem's Low Carbon Networks Fund for the Low Carbon London project. In 2011 it was awarded £6.7 million by Ofgem for another project, Flexible Plug and Play, which is researching new ways, technical and commercial, to connect renewable energy to the distribution network in Cambridgeshire.

As well as the three distribution arms UK Power Networks also operates UK Power Networks Services Holdings Limited, which develops and maintains electrical networks for clients including London Underground, Heathrow and Stansted airports, Docklands Light Railway and Canary Wharf.

Western Power Distribution

Western Power Distribution is the trading identity of four electricity distribution companies - WPD South West (operating in South West England), WPD South Wales (operating in South Wales) and WPD Midlands (operating in East Midlands and West Midlands). All of the companies act as the distribution network operator for their respective regions, and are registered in Bristol, England. Western Power Distribution serves approximately 7.7 million customers over its combined distribution areas.

Western Power Distribution is a subsidiary of the American utility corporation PPL.

It should not be confused with WPD, a wind farm company in north-western Europe, or Western Power Corporation, an electricity distributor in Australia.

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