UKOG share placing raises another £3m for operations in Turkey.

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Weald-based UK Oil & Gas plc (UKOG) announced this morning it has raised £3m to spend in Turkey.

The funds were raised in a placing of more than 3 billion new shares. UKOG said in a statement the money would funds further seismic testing and a new appraisal well in the Resan licence in Turkey.

The funds were raised in a placing of more than 3 billion new shares. UKOG said in a statement the money would funds further seismic testing and a new appraisal well in the Resan licence in Turkey. The well was expected to produce oil in the first half of next year, UKOG said. This is the most recent of a series of placings to raise money for operations in Turkey. UKOG raised £1.5m in July 2022 and a further £5m in July 2021. The company said today:

“The placing has been undertaken to provide the Company with a source of general working capital and to help deliver the Company’s previously stated near term goals of completing the Phase 2 Turkey seismic programme and the subsequent drilling of a new appraisal well in the Basur oil discovery, anticipated to be able to add near-term oil production to the Company in H1 2023.”

The shares were issued at 0.0875p, a 20% discount on the previous closing price. UKOG’s share price at the time of writing was down more than 18% at 0.09p. Following the placing, total voting rights in UKOG now stand at more than 21 billion (21,096,376,104).

New finance officer

UKOG also announced it appointed a new chief finance officer. Guzyal Mukhametzhanova replaces Matt Gormley, who is leaving the company. Ms Mukhametzhanova has worked for KPMG’s energy and natural resources practice and JKX Oil and Gas Limited, where she was group financial controller and finance director. Her role at UKOG is a non-board position, the company said.

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Campaigners warn of “huge backlash” if government rewrites rules on fracking

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Fracking opponents have warned of a “huge backlash” if the government agrees to industry demands for new rules to make shale gas production quicker and easier.

Demonstration outside Cuadrilla’s Preston New Road shale gas site, 20 October 2018. Photo: RodHarbinson.com

Frack Free Lancashire, which opposed Cuadrilla’s operations in the county, said this evening the industry could not operate within the current regulations and now needed to “rewrite the rules”.

It also accused shale gas companies of “disrespecting” local communities and “disregarding” the environment.

The government announced last Thursday that it was lifting the moratorium on fracking in England, that has been in place since 2019.

Now the industry is repeating previous calls for ministers to go further and relax the regulations controlling fracking-induced earthquakes and change the planning system for shale gas.

Charles McAllister,

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More than 100 climate campaigners have taken part in a mass trespass at Aberdeen’s Torry harbour in opposition to plans by the fossil fuel industry to build on a park.

Climate protest in Aberdeen harbour, 31 July 2022. Photo: Climate Camp Scotland

The action (Sunday 31 July) was part of a five-day climate camp calling for a transition away from fossil fuels, led by workers and the local community.

The activists have argued that St Fittick’s Park is threatened by a proposed energy transition zone, promoted by the oil and gas executive, Ian Wood.

They carried banners with slogans including Hauns Affa Torry and No Future in Fossil Fuels, describing the plans as “a corporate landgrab”. The scheme would, they said, industrialise the last accessible green space in the Torry neighbourhood.

The developers behind the energy transition zone have said it would become “a focal point and catalyst for high-value manufacturing, research, development, testing and deployment”.

During the weekend’s camp, activists have urged the UK government to cancel plans for new oil and gas developments, such as Shell’s Jackdaw fields.

They also called on Aberdeenshire Council to refuse permission for a new gas fired power station at Peterhead. And they asked the Scottish government to ensure communities and workers had a greater say in how money from the Just Transition Fund was spent in the region.

Richard Caie, a spokesperson for Friends of St Fittick’s Park said:

“We are very grateful to Climate Camp Scotland for helping to highlight the very unjust way the “energy transition” is being managed in North East Scotland and for their support for our campaign to save St Fittick’s Park”.

Jessica Gaitan Johannesson, a spokesperson for Climate Camp Scotland, said:

“As an increasing number of people experience the dire reality of climate collapse, and soaring energy prices victimise the most vulnerable, we need to remember that fossil fuel companies do not work for us. The proposed Energy Transition Zone in Torry is a stark example of their priorities: to exploit communities for profit for as long as possible. We’re here in solidarity with the people of Aberdeen, making the vital connection between local and global climate justice.”

Anti-fracking campaign on “high alert”

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A network of anti-fracking groups is urging supporters to prepare for a government U-turn on the moratorium in England.

Climate rally outside the Polish embassy, 1 December 2018. Photo: Frack Free United

Frack Free United urged its supporters to remain vigilant with the imminent submission of a report on the science of fracking, due by Thursday (30 June 2022).

The energy secretary, Kwasi Kwarteng, who commissioned the report, said in a recent speech he would “consider the next steps”.

A moratorium on fracking in England has been in force since November 2019. This was introduced after fracking by Cuadrilla at its Preston New Road site in Lancashire caused a series of small earthquakes, one felt across the region.

In a newsletter, Frack Free United warned:

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Climate campaigners disrupt Shell AGM

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Disruption by climate campaigners today forced Shell to pause its first AGM since moving headquarters to London.

Protest outside Shell AGM, 24 May 2022. Photo: DrillOrDrop

The company asked for police help when about 80 demonstrators posing as shareholders accused it of human rights abuses, ecocide, fuel climate breakdown and funding misinformation.

After about 40 minutes, Shell chief executive, Ben van Beurden, and the board left the room to shouts from some in the audience of “Out, out, out”.

Earlier, a choir interrupted the chairman’s address with a revised version of Queen’s We Will Rock You, changing words to “we will stop you”.

Other protesters read testimonies of the impact of Shell’s activities in Africa. A banner was unveiled reading “Shell profits from hell on Earth”.

Read more.

Breaking: Brockham oil production plans approved.

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Plans to revive oil production at a small site in the Surrey greenbelt were approved this morning.

Opponents of Angus Energy’s oil production plans at Brockham, Surrey County Council offices in Reigate, 27 April 2022. Photo: DrillOrDrop

County Councillors voted by 8 to 2 in favour of the Angus Energy scheme for its site at Brockham near Dorking.

The company was granted planning permission to produce oil from the site’s BRX4 well until 2036. It was also allowed to reperforate the section of the well in the Portland sandstone formation. But the company will have to apply for further consents to carry out the work.

Council planners had recommended approval of Angus Energy’s application, saying there was a “demonstratable need” for the scheme to address the “ongoing demand for oil”. Angus Energy had argued that oil from Brockham would reduce UK imports.

The site, which has five other wells, has produced no oil for more than three years

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Statement by our brother regarding the War in Ukraine.

From Etniko Bandido Infoshop. by e-mail.

Well my friend now that the war has begun I feel prepared to give you my thoughts on this both as a Ukrainian, an American, and a committed anarchist.

Today I am sad. I am sad because the seeds of this war, like the seeds of all wars, have been sown not by common people and free individuals but always through the exploitation of others’ which is ultimately amplified by the state.

This was the tragic outcome of the maidan 2014 revolution, which again demonstrates that the true path for anarchism is not through the violent overthrow of the state and massacres in the street but the peaceful building of alternative systems based upon mutual aid and cooperation, and through ever-expanding networks that ultimately peacefully lead to the ending of exploitation through courage and self/community/earth-defense, not aggression or the atrocity of war.

I am sad because the land where my family was formed is once again under attack by a colonizer who, like all colonizers seeks to control, manipulate, and exploit both people and resources. Ukraine lies as the anchor between two continents and has, historically, been considered a wild and untamed place because it is a “borderland”. That spirit existed long before someone thought to critically analyze capitalism, the state, or develop any sense of politics.

The situation for anarchists, as has been our struggle for centuries, is always always to defend each other, other working people, and those suffering from the state – which includes economic exploitation under state-sanctioned private capitalism or state communism. The moment now in Ukraine is not for theoretical discussion but for action and solidarity. Let states fight their wars against each other, our struggle is always to fight for the people!

In this moment the objective is clear: to identify our comrades in Ukraine and listen to them. But beyond that, our objective is to condemn aggression by any invader or colonizer. I condemn the invasion with the same force that I condemn America’s bloody wars, our disgusting racist society, and continued propping up of capitalists and dictators, including in your country. We must all stand together, always, and help wherever we can, always to defend ourselves and our communities from these forces.

We must also speak the truth, and we can all see what the truth is here: that an imperial, colonizing power Russia is attempting to retake their prize colonial possession. Now as an American, I am both frustrated and angry. I am feeling this way because in many ways, this country has laid the groundwork for Russian action here, and remains the main exporter of state violence in the world (even before we count this country’s long history of military conquests and capitalist interventions, just on the sales of weapons alone America is the biggest exporter and maker of implements of death in human history).

I do not believe we would be in the situation we are in now had this country not spent 20 years attempting to colonize large parts of the middle east but that may be another topic. Living through the last four years under the Trump regime has given every American a taste of what the slide toward fascism would look and feel like here.

America is currently in a state of cold civil war. Political violence in the country is scattered but increasing. The outright fascist elements who remain largely in control of the Republican party have implemented certain voting laws that will set them up for gains in our Congress when we have elections next year. We see that there is a new alliance emerging between Russian and American far right during the last four years, and that one of the effects of that has been the implementation of Russian-style media propaganda by right wing news outlets in America.

However, because there is also protections for press freedom, inevitably these propaganda displays are countered and ridiculed, which of course only serves to reinforce the cold civil war. If the goal of Russia was to ensure that America would destroy itself from within, or at least become incapable of offering an international deterrent to well-defined authoritarian regimes, they have succeeded.

Living in America is living in a country full of anxieties, where every person is filled with worry they are one step away from losing either their position in society or economic security. It is in the final stages of capitalism. However, we are also seeing some seeds of true peoples movements emerge. Unionization and worker control is up for the first time in 70 years. There seems to be more radical interest among the youth. There is still time.

The bottom line is, the situation in Ukraine is another tragic example of how war, which is the ultimate expression of state power, destroys life and the natural world, which itself is the ultimate expression of the union between individual and community and earth.

Yes, Colonialism Caused Climate Change, IPCC Reports

Atmos

A woman dressed with traditional clothes wearing a face mask with the word “decolonize” in Spanish. (Photograph by Marcos del Mazo/LightRocket via Getty Images)

04.04.2022 WORDS BY YESSENIA FUNES

The Intergovernmental Panel on Climate Change released its final report Monday. The Frontline explores the significance of the sixth report finally naming “colonialism” as a historical and ongoing driver of the climate crisis.

The Intergovernmental Panel on Climate Change (IPCC) released its first report in 1990. Over 30 years later, the word “colonialism” finally made its way into the IPCC’s sixth assessment report. The panel’s working group two report, which looks at the impacts of climate change on people, listed colonialism not only as a driver of the climate crisis but also as an ongoing issue that is exacerbating communities’ vulnerability to it.

The addition of one word may not seem like

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Red and Black Telly roundup.














EA minded to permit waste water re-injection at Surrey oil site

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The Environment Agency is seeking public comments on its proposal to allow Angus Energy to dispose of waste water underground at the Brockham oil site in Surrey.

Angus Energy site at Brockham, Surrey, on 16 December 2018. Photo: Brockham Protectors

Despite local concerns, the EA said it was minded to permit water re-injection at Brockham.

In a draft decision document, the EA said it was satisfied that risks had been identified and that operating procedures were “sufficient to mitigate the risk to groundwater”. There was no need for groundwater monitoring, it said.

A public consultation opens on Wednesday 29 December 2021 and runs until Monday 31 January 2021. Comments can be made online or by email

Details

Waste water, also known as produced or formation water, often comes to the surface during oil and gas extraction.

It is usually very salty and may be radioactive. Companies seek to re-inject it back underground to avoid expensive water treatment and to support the pressure in the hydrocarbon reservoir, improving hydrocarbon flows.

Angus Energy has previously said it would give up the Brockham site if it could not re-inject waste water.

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