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...
15 Aug 2018
Pandion acquires 10pct of PL820s from Wintershall
Pandion Energy AS (Pandion Energy) has entered into an agreement with Wintershall Norge AS (Wintershall) to acquire a 10 percent interest in PL 820S in the Norwegian North Sea. The license is located in blocks 25/7 & 8, north-northwest of the Balder and Ringhorne fields. PL 820S was awarded in the 2015 APA round and...
24 May 2018
Zennor to be offered blocks in UKCS 30th Offshore Licensing Round
Zennor Petroleum Limited (“Zennor” or “the Company”) is pleased to announce that its wholly owned subsidiaries, Zennor Pathway Limited and Zennor North Sea Limited, have been successful in the UK’s 30th Offshore Licensing Round (“the Round”). Zennor participated in 5 applications in the Round and is pleased to have been offered 5 potential awards. Zennor...
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/
07 Dec 2017
Energean signs further gas sales contracts for the Karish and Tanin project
The new GSPAs will bring total contracted volumes from the Karish and Tanin development project to more than 4 BCM per year, surpassing the Company’s initial targeted sales volumes and creating significant additional value. Energean Oil & Gas (“Energean” or “the Company”) is pleased to announce that Energean Israel has signed further Gas Sales and...
04 Dec 2017
Pandion Energy to partner with Aker BP on Valhall
Pandion Energy AS (Pandion Energy) has entered into an agreement with Aker BP ASA (Aker BP) to acquire a 10 percent interest in the Valhall area, including licences PL006B, PL033 and PL033B. Since production commencement in 1982, the Valhall field continues to be one of the largest oil fields in the southern Norwegian North Sea....