Year
27 May 2021
Kerogen completes realisation of its investment in HKN Holding
Kerogen Capital (“Kerogen”) is pleased to announce that it has successfully exited its investment in HKN Holding Limited (“HKN”) through an effective buyback of our interest in HKN by Hillwood, our partner and the sponsor of HKN, for a total consideration of up to $200 million, comprising $80 million upfront and earn-out payments of up...
20 May 2021
Kerogen Capital invests in geothermal companies GTML in Norway and Yeager Energy in the Netherlands to drive decarbonisation of heat
Kerogen Capital (“Kerogen”) is pleased to announce an initial investment in Geothermal Energy Nordic AS (“GTML”) and Yeager Energy B.V. (“Yeager Energy”), two companies aiming to develop and operate geothermal heating projects in Norway and the Netherlands, respectively. Post investment, Kerogen will have a majority shareholding in both companies. GTML, based in Norway, will develop...
12 Mar 2021
Kerogen Capital converts interest into BW Ideol listing
Kerogen Capital (“Kerogen”), together with Ideol SA (“Ideol”) and BW Offshore (“BWO”), is pleased to announce the creation of BW Ideol, a new platform focused on floating offshore wind. The larger platform enables a stronger position to capture the sector’s growth potential as a technology and EPC provider, and developer and operator of wind power...
08 Mar 2021
Kerogen Capital announces sale of Zennor Petroleum to NEO Energy
Kerogen Capital (“Kerogen”) and Zennor Petroleum Limited (“Zennor”) are pleased to announce that Kerogen has reached an agreement with NEO Energy Upstream UK Limited (“NEO”) and HitecVision for the sale of Zennor for a total consideration of up to $625 million, including deferred and contingent payments. The transaction completion is subject to customary regulatory approvals....
02 Feb 2021
Floatgen breaks new records in 2020
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...
22 Jan 2021
Kerogen Capital Outlines Net Zero Carbon Strategy and Achieves Carbon Neutrality across the Fund and its Two Largest Controlled Portfolio Companies
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...
20 Jan 2021
Pandion Energy awarded five APA licenses
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...
01 Jan 2021
Pandion Energy acquires license interests from Wintershall DEA
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...
30 Dec 2020
Kerogen signs agreement to exit Energean Israel
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...
22 Dec 2020
Pandion Energy partners in significant oil discovery in the Norwegian Sea
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...
