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...

Ideol SA (“Ideol”) and Taisei corporation (“Taisei”) have signed a Memorandum of Understanding (MoU) for the joint development and promotion in Japan of concrete foundations for floating offshore wind using Ideol’s patented Damping Pool® technology. Ideol is a leader in floating offshore wind with precommercial- and commercial-scale projects under development globally and with operating units...

Hurricane Energy plc, the UK based oil and gas company focused on hydrocarbon resources in naturally fractured basement reservoirs, is pleased to report the results of testing of the 205/26b-14 well (“Lincoln Crestal”). Highlights ·     Maximum stable flow rate of 9,800 stb/d on ESPs ·     Lincoln confirmed to contain light, 43° API oil ·     No formation water produced...

Kerogen Capital is pleased to announce that Ivor Orchard, Executive Chairman and Co-Founder, is the winner of the Oil & Gas Council’s 2019 Lifetime Achievement Award. The Oil & Gas Council is one of the largest networks of oil and gas executives in the world. The Council Awards programme, now in its 11th year, represents...

Pandion Energy AS (Pandion Energy) has entered into an agreement with ConocoPhillips Skandinavia AS (ConocoPhillips) to acquire a 20 percent interest in PL 891, containing the Slagugle prospect. The license is located in the prolific Haltenbanken area of the Norwegian Sea in blocks 6608/10, 11 and 12. Contingent on approval by the Norwegian Ministry of...

The first operational results of the 2 MW Floatgen floating wind turbine, equipped with the Ideol floating foundation and installed on the Sem-Rev test site (Atlantic Coast of France), meet and even exceed expectations. Ideol’s patented technology is now fully validated and ready for commercial-scale deployments. During the first half of 2019, the floating wind...

Energean Oil and Gas plc (LSE: ENOG, TASE) is pleased to announce that it has signed a Detailed Agreement (“Agreement”) with Israel Natural Gas Lines (“INGL”) for the transfer of title (the “hand over”) of the near shore and onshore part of the infrastructure that will deliver gas from the Karish and Tanin FPSO into...