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...
16 Jan 2020

Pandion Energy awarded two new APA Licenses

Pandion Energy has been awarded two licenses under the 2019 Norwegian APA (Awards in Pre-defined Areas) License Round on the Norwegian Continental Shelf. The APA award was announced by the Minister of Petroleum and Energy (MPE), Sylvi Listhaug on Tuesday 14. January. For more information about APA 2019 see MPE’s website. Pandion Energy has been...
17 Dec 2019

Pandion Energy – First oil at Valhall Flank West

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...
12 Nov 2019

Kerogen Capital launches new ESG Policy Statement

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...
07 Nov 2019

Pandion Energy divests its 20 percent share in the Duva field

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...
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