NEO leaves Hibiscus to go solo on Teal West development
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.
Anasuria Hibiscus
Hibiscus preparing contracts for Teal West project
Hibiscus Petroleum (KLS: HIBISCS) is preparing a number of subsea contracts in relation to its Teal West project in the UK North Sea.
Crown licence caught in North Sea legal wrangle
Legal discussions over the Crown field continue, following the termination of the licence by Hibiscus Petroleum in September.
Ping strikes $22million deal for Summit stake in UK Avalon field as development progresses
Malaysia’s Ping Petroleum has agreed a $22million deal to acquire Summit Exploration and Production’s 50% non-operated stake in the UK Avalon field.
EnQuest farms-down Eagle discovery to Hibiscus for $1
EnQuest has agreed to farm-down an 85% stake in its Eagle discovery in the North Sea to Anasuria Hibiscus for a “nominal” $1 fee.
Hibiscus enters ‘exclusivity arrangements’ on Marigold FPSO
Hibiscus Petroleum has said it has now entered into “exclusivity arrangements” on an FPSO for its Marigold project in the North Sea.
Hibiscus safeguards against virus as it plans Marigold North Sea work next year
Hibiscus Petroleum plans to move ahead with its Marigold project in the UK North Sea next year, with safeguards against delays around Covid-19.
North Sea FPSO stocks up over concerns of ‘limited’ food supply
A North Sea operator has said it is increasing food stocks on its flagship production asset “in case supply becomes limited” due to the Covid-19 outbreak.
Profits sink at Hibiscus’ UK business
Maintenance on its main production vessel and a drop in the oil price more than halved profits at Malaysia’s Anasuria Hibiscus.