02 Oct 2020

Pandion Energy swaps license interests with ConocoPhillips

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...
03 Sep 2020

Industry leaders sign floating offshore wind strategic partnership and develop new product

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...
23 Jul 2020

BayWa r.e., Elicio and Ideol join forces to submit a bid for the ScotWind tender

BayWa r.e., a leading global renewable energy business with a strong presence in Scotland that includes more than 75 employees and 890 MW of onshore wind projects under management, has signed an exclusive agreement to join the existing consortium of Ideol and Elicio to prepare a joint bid for the ScotWind tender recently launched by...
23 Jun 2020

Karish pipe laying and subsea systems installation completed – Karish Development c. 80% physically completed

Karish Pipe Laying Energean plc is pleased to announce the completion of a key milestone in the Karish and Tanin Development project, offshore Israel. Energean’s partner, TechnipFMC, has successfully completed on time the laying of the Gas Sales Pipeline and the main deep water installations of the subsea production systems. The pipelay vessel, Solitaire, completed...
23 Jun 2020

IDEOL – French and Japanese Leaders Team Up to Develop Commercial Scale Floating Offshore Wind Projects

JERA (Japan’s largest utility company), ADEME INVESTISSEMENT (a 100% French State-owned investment company aiming at financing innovative infrastructure projects) and IDEOL (a global leader in floating offshore wind) have agreed on the key terms for the establishment of an investment vehicle dedicated to the financing of the development phase of at least 2 GW of...
15 Jun 2020

Pandion Energy approves the Hod development project

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...
13 May 2020

Kerogen Capital and Ideol Collaborate to Jointly Assess Offshore Wind Power to Oil & Gas Platform Opportunities

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...
19 Mar 2020

Pandion Energy – Oil and gas discoveries close to the Balder field

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,...
04 Feb 2020

Pandion Energy completes sale of Duva interest

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...
22 Jan 2020

Floatgen achieves a total of 6 GWh of power production in 2019

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...
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