31 Dec 2018
Pandion acquires 30 percent of PL 842 from Aker BP
Pandion Energy AS (Pandion Energy) has entered into an agreement with Aker BP ASA (Aker BP) to acquire a 30 percent interest in PL 842 in the Norwegian Sea. The license is located in blocks 6608/10, 11 and 12, east-northeast of the Norne field. PL 842 was awarded in the 2015 APA round and is operated by...
22 Oct 2018
Zennor Announces OGA Approval for the Finlaggan Field Development & Signing of a £170mm Senior Secured Term Loan Facility
Zennor Petroleum Limited (“Zennor”) is pleased to announce that it has received approval from the Oil & Gas Authority (OGA) to proceed with the Finlaggan Field development in the UK Central North Sea (block 21/05c), of which it owns 100%. The development project to recover 26mmboe of 2P gas condensate reserves will include two subsea...
22 Oct 2018
The EU rewards Ideol with €2.5 million to finance the industrialization and commercial development of its technology
Ideol has just received a €2.5 million grant from the European Commission under the Horizon 2020 – SME Instrument programme. This funding is outstanding since this very selective programme only rewards 5% of the candidate projects. Last 20 September, the SME Instrument programme awarded Ideol a €2.5 million grant for the Leadfloat project. This project...
11 Oct 2018
NOK 400 million senior unsecured bond listed on Nordic ABM
Pandion Energy is pleased to announce that the Company’s NOK 400 million senior unsecured bond “Pandion Energy AS Senior Unsecured Callable Bond Issue 2018/2023” with ISIN NO 0010820103 has been listed on the Nordic ABM. DNB Markets and Pareto Securities acted as Joint Lead Managers for the bond issue. NOK 400 million senior unsecured bond...
19 Sep 2018
Ideol’s first demonstrator is delivering power to the grid
The connection of the electricity export cable and a final series of tests carried out in recent days enabled the Floatgen wind turbine, which is installed 22 km off Le Croisic (Loire-Atlantique), to become fully operational on Tuesday 18 September. This announcement is a highly symbolic step for Ideol, because this wind turbine is the...
18 Sep 2018
Zennor Acquisition of Britannia Field Interest
Zennor Petroleum Limited (“Zennor” or “the Company”) is pleased to announce that its wholly owned subsidiary, Zennor North Sea Limited, has entered into a Sale and Purchase Agreement with Mitsui E&P UK Limited (“MEPUK”) in respect of its interests in United Kingdom Continental Shelf Licences P.213, Block 16/26a, Area B and P.345 Block 16/27b Area...
27 Apr 2018
Kerogen Capital invests in Ideol SA
Kerogen Capital (“Kerogen”) is pleased to announce it has entered into binding agreements to invest in Ideol SA (“Ideol”), a global leader in the floating offshore wind industry. Kerogen will be the lead investor in Ideol’s €15 million equity funding round and will become Ideol’s largest shareholder. Founded in 2010 and based in France, Ideol...
10 Apr 2018
Pandion Energy completes debt financing
With the successful completion of its first major debt financing, Pandion Energy has established a solid financial platform for continued investments in the company’s high-quality asset portfolio and future growth. Pre-qualified as a licensee on the Norwegian continental shelf in June 2017, the company currently holds a 10 percent interest in the Valhall & Hod...
22 Mar 2018
Energean Takes FID on Karish & Tanin Gas Project
Following the Company’s successful IPO on the London Stock Exchange, Energean takes FID to proceed with its $1.6 billion Karish & Tanin development offshore Israel. Energean Oil & Gas PLC (“Energean” or “the Company”; ENOG:LN) is pleased to announce that its Board of Directors has approved the Final Investment Decision (“FID”) to proceed with the...
05 Mar 2018
Energean Israel Signs US$1.275bn Facility Agreement with Four International Banks to Finance the Karish Development Project
The Senior Credit Facility, led by Morgan Stanley, Natixis, Bank Hapoalim and Societe Generale is a key milestone in financing the development of Karish, part of the Company’s flagship Karish and Tanin project. Please refer to the official company announcement for further details: https://www.energean.com/media/press-releases/