The Board of Directors of Pandion Energy has today approved sanctioning of the Hod development project. The project was originally scheduled for approval in March but was put on hold due to the outbreak of the COVID-19 pandemic and subsequent collapse in global demand for oil. On Monday 8 June, the Norwegian Government and the...

Kerogen Capital (“Kerogen”) is pleased to announce that it has entered into a Memorandum of Understanding with Ideol SA (“Ideol”), a global leader in the floating offshore wind industry to assess the benefits of using offshore wind to power oil & gas platforms. The focus of this initiative will be to leverage Ideol’s technically proven...

Pandion Energy is pleased to announce the discovery of oil and gas in production license 820 S through the drilling of exploration well 25/8-19 S, including sidetracks A and A2. Pandion Energy is pleased to announce the discovery of oil and gas in production license 820 S through the drilling of exploration well 25/8-19 S,...

Pandion Energy AS and PGNiG Upstream Norway AS have completed their previously announced transaction, whereby Pandion Energy has sold 10% non-operated interests in PL 636, comprising the Duva oil and gas field, and PL 636B. The Duva oil and gas field is located in the northern North Sea and was discovered in the autumn of...

Following very encouraging initial results communicated last July, the 2 MW Floatgen floating wind turbine, equipped with Ideol’s patented floating foundation and installed on the Sem-Rev test site (Atlantic Coast of France), exceeded production and availability expectations in the second half of 2019. During the second half of 2019, the floating wind turbine has more...

Pandion Energy has been awarded two licenses under the 2019 Norwegian APA (Awards in Pre-defined Areas) License Round on the Norwegian Continental Shelf. The APA award was announced by the Minister of Petroleum and Energy (MPE), Sylvi Listhaug on Tuesday 14. January. For more information about APA 2019 see MPE’s website. Pandion Energy has been...

Pandion Energy is pleased to announce first oil at Valhall Flank West in the North Sea. Valhall Flank West is a new Normally Unmanned Installation (NUI) which is part of the continued development of the Valhall field. The ambition is to produce another billion barrels in the next 40 years. Pandion Energy holds a 10...

Kerogen Capital Limited (“Kerogen”) is delighted to publish its updated Environmental, Social and Governance (“ESG”) Policy Statement. Since Kerogen’s launch of its first ESG Policy Statement in 2014, Kerogen has continued to develop and expand its approach to ESG-related matters, both at Kerogen and with its portfolio companies. ESG principles are a vital component of...

Pandion Energy has agreed to divest its 20% share in the Duva field through two transactions, one with PGNiG Upstream Norway AS and one with Solveig Gas Norway AS, each acquiring a 10% share in PL 636 and PL 636B. The Duva oil and gas field is located in the northern North Sea and was...

Kerogen Capital is pleased to announce an investment in SparkCognition through Kerogen’s digital platform – Kerogen Digital Solutions (“KDS”). SparkCognition is a global artificial intelligence (AI) leader focused on solutions for the Energy, Aerospace & Defense, Automotive and Industrials sectors. KDS’s US$10 million investment is part of a fully-subscribed US$100 million Series C Preferred Stock...