Floatgen, the 2 MW floating wind turbine, installed at the Sem-Rev test site (off Le Croisic), produced 14% more power in 2020 than in 2019, reaching an annual total of 6.8 GWh. After exceeding expectations in 2019, the Floatgen wind turbine sets a new record in 2020 by producing 6.8 GWh, for a total of...

Kerogen Capital (“Kerogen”), the independent private equity fund manager specialising in the energy sector, supports the goal of the Paris Agreement to achieve a net zero global economy and is pleased to announce the launch of its Net Zero Carbon Strategy. This strategy includes Kerogen’s commitment to carbon neutrality across its operations for Scope 1...

Pandion Energy has been awarded five licenses under the 2020 Norwegian APA (Awards in Pre-defined Areas) Licensing Round on the Norwegian Continental Shelf. The APA award was announced by the Minister of Petroleum and Energy, Tina Bru on Tuesday 19 January. For more information about the APA 2020 Licensing Round see Ministry of Petroleum and...

Pandion Energy AS (Pandion Energy) has entered into an agreement with Wintershall DEA Norge AS (Wintershall DEA) to acquire a 2.5 percent interest in PL 820 S and a 15 percent interest in PL 617. Through this transaction, Pandion Energy increases its interest in PL 820 S to 12.5 percent. In March, Pandion Energy announced...

Kerogen is pleased to announce that it has entered into a Sale and Purchase Agreement with our listed joint venture partner and project operator Energean plc (“Energean”) for the sale of our 30% shareholding in Energean Israel Limited (“EISL”). The transaction is conditional upon Energean shareholder, regulatory and other customary approvals with completion expected end...

Pandion Energy AS (Pandion Energy) holds a 20 per cent interest in the Slagugle discovery in production license 891 in the Norwegian Sea. Based on preliminary resource estimates this is the largest discovery announced on the Norwegian Continental Shelf in 2020. The wildcat well 6507/5-10 S is located about 23 kilometers north of the Heidrun...

Ideol and Bygging Uddemann (BYUM) combine their world leading and fully complementary knowhows and signed a formal collaboration agreement aiming at further guaranteeing the on-time and on-budget delivery of Ideol’s concrete floaters for offshore wind, building on existing and proven construction methods. Ideol, a recognized leader in floating offshore wind, and BYUM, a reputable solution provider...

  MHI Vestas and Total formally announced their involvement in the EOLMED project this week. These internationally recognized leaders and the project developer QAIR have agreed to combine their respective know-how’s and efforts to successfully develop and execute this 30MW pilot project. Paul de la Guérivière (Ideol’s CEO) indicated that “IDEOL is looking forward to collaborate...

Pandion Energy AS (Pandion Energy) has entered into an agreement with ConocoPhillips Skandinavia AS (ConocoPhillips) to swap half of its 20 per cent interest in PL 1047 in the North Sea in exchange for ConocoPhillips’ 20 percent interest in PL 938, containing the Calypso prospect. PL 938 is located in the prolific Haltenbanken area in...

IDEOL, an internationally recognized leader and pioneer in floating offshore wind, and BRIDON-BEKAERT ROPES GROUP (BBRG), the world’s premier supplier of mission-critical advanced cables and ropes, have signed a strategic partnership aiming at developing a new industry-transforming synthetic mooring solution to meet the fast accelerating floating offshore wind market’s cost-reduction, capacity and lead-time expectations. This...