United CEO Brian Larkin said, “The Walton Morant Licence presents a compelling frontier exploration opportunity for investors, offering exposure to a world-class frontier basin with multi-billion-barrel potential. Securing this early license extension until 31 January 2028, is crucial to progressing our work program, and ensuring stability and regulatory certainty sought by potential farm-in partners”.
Vitol Group and Glencore Plc. are considering acquiring New Fortress Energy Inc.’s Jamaican LNG assets, according to people familiar with the matter.
KINGSTON, Jamaica— United Oil and Gas Plc (UOG) said it has drilled no wells, and, as a result, no commercial oil or gas discovery has been made in Jamaica.