Deltic Energy and Shell have reached what they describe as an “important milestone” ahead of drilling the Pensacola North Sea prospect.
Deltic Energy and Shell have completed geophysical site surveying at the planned Pensacola exploration well in the southern North Sea.
The chairman of Deltic Energy has underscored the need for domestic natural gas supply in the UK in order to meet net zero.
Deltic Energy is kicking off seismic survey work one of its hot North Sea prospects after a farm-out deal with Cairn Energy.
Cairn Energy has agreed a deal to farm-in to five North Sea licences held by Deltic Energy.
Shell and Deltic have hired Fugro to carry out a site survey of its Pensacola prospect ahead of an exploration well being drilled.
Egdon Resources said it is “encouraged” by Shell deciding to drill a neighbouring discovery to two of its Southern North Sea assets.
Deltic Energy said the progress made on its portfolio justified the decision to fight off hostile takeover attempts from two other London-listed energy firms last year.
Shell and partner Deltic Energy have confirmed plans to drill the “high-impact” Pensacola prospect in the UK southern North Sea.
High-impact targets from Equinor and Shell have been named among the “wells to watch” for the UK North Sea in 2021 by Westwood Energy.
North Sea firms ranging from BP to Hurricane Energy have enjoyed share price hikes after a deal was reached by OPEC to curb oil production.
Deltic Energy believes it has “the next Cygnus” on its hands as it eyes a farm-out of a promising North Sea prospect in the coming months.
London-listed Deltic Energy has claimed its P2428 licence boasts resources of more than 150 million barrels of oil equivalent.
The Oil and Gas Authority (OGA) has given Shell extra time to carry out more “intensive” seismic processing on a southern North Sea exploration target, the major’s project partner said today.
Independent Oil and Gas (IOG) said today it won’t be making an official offer to acquire fellow southern-North-Sea-focused firm Deltic Energy.
Deltic Energy has announced a new Southern North Sea prospect in its portfolio following the OGA’s 32nd licensing round last month.
Deltic Energy is facing yet another potential acquisition bid, this time from Independent Oil and Gas (IOG).
Deltic Energy said the company is largely “insulated” from the impact of Covid-19 thanks to the financial benefits of Shell farm-outs last year.
Shell has delivered new seismic data on the Pensacola prospect in the North Sea, with partner Deltic Energy claiming it is “highly analogous” to a discovery which struck oil last year.
Deltic Energy has announced a “material increase” in estimates of gas at a North Sea licence which Shell farmed into last year.
Reabold Resources has abandoned its takeover bid for Deltic Energy, formerly known as Cluff Natural Resources.
The FTSE 100 Index eked out a gain of 8.21 points, or 0.13%, to 6,269.73 today, as traders continued to show caution despite recent progress towards a vaccine for Covid-19.
Deltic Energy’s largest shareholder has backed the company’s efforts to stave off a hostile takeover bid from London-listed energy investment firm Reabold Resources.
In this latest EVOL podcast, in association with Burness Paull, energy news gladiators Ed, Allister and Mark pierce the armour of the week’s hottest stories.
Energy investment firm Reabold said today it was “disappointed” and “surprised” by takeover target Deltic Energy’s assessment of its portfolio.