North Sea slide fails to dent record output for Hisbiscus
Hisbiscus Petroleum reported its highest group quarterly production to date, even as revenues and output from its North Sea business fell on lower prices.
Hisbiscus Petroleum reported its highest group quarterly production to date, even as revenues and output from its North Sea business fell on lower prices.
The sale of a UK North Sea oil and gas discovery has been delayed for the second time since its announcement in January.
Hibiscus Petroleum (KLSE: HIBISCS) plans go it alone in developing the Teal West project in the UK North Sea, as partner NEO Energy exits the licence.
Hibiscus Petroleum (KLS: HIBISCS) is preparing a number of subsea contracts in relation to its Teal West project in the UK North Sea.
Legal discussions over the Crown field continue, following the termination of the licence by Hibiscus Petroleum in September.
Malaysiaโs Ping Petroleum has agreed a $22million deal to acquire Summit Exploration and Productionโs 50% non-operated stake in the UK Avalon field.
EnQuest has agreed to farm-down an 85% stake in its Eagle discovery in the North Sea to Anasuria Hibiscus for a โnominalโ $1 fee.
Hibiscus Petroleum has said it has now entered into โexclusivity arrangementsโ on an FPSO for its Marigold project in the North Sea.
Hibiscus Petroleum plans to move ahead with its Marigold project in the UK North Sea next year, with safeguards against delays around Covid-19.
A North Sea operator has said it is increasing food stocks on its flagship production asset โin case supply becomes limitedโ due to the Covid-19 outbreak.
Maintenance on its main production vessel and a drop in the oil price more than halved profits at Malaysiaโs Anasuria Hibiscus.