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...
10 Oct 2019

Kerogen Capital invests in SparkCognition

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...
10 Oct 2019

Ideol and Taisei Corporation sign a Memorandum of Understanding on Floating Offshore Wind

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...
12 Sep 2019

Hurricane Energy plc – ‘Lincoln Crestal’ 205/26b-14 Well Result

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...
01 Aug 2019

Oil & Gas Council announces Ivor Orchard as the Winner of its 2019 Lifetime Achievement Award

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...
17 Jul 2019

Pandion Energy acquires 20 percent of PL 891 from ConocoPhillips

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...
04 Jul 2019

Ideol’s floating wind turbine technology is fully validated and confirms its outstanding performance

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...
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