Private equity player HitecVision has said the North Sea is “anything but mature” as it looks towards major investments in the UK sector.
Ancala Midstream has won a multi-million pound deal to transport gas from the prolific Edvard Grieg Area in Norway for processing in Scotland.
North Sea minnow Zennor Petroleum claims to have become one of the first UK operators to go “carbon neutral” as first gas from its flagship Finlaggan field beckons.
Zennor Petroleum’s boss has said the private-equity-backed oil and gas company is “sitting comfortably” in spite of the Covid-19 pandemic and commodity price drop.
Private-equity backed Zennor Petroleum has pushed back the date of first gas from its flagship Finlaggan project by about a year, to the fourth quarter of 2021, as a result of Covid-19.
Chrysaor, the North Sea's largest net producer, has cut spending plans by 30% in response to the Covid-19 pandemic, bringing delays to growth projects.
Zennor Petroleum is “pushing forward” with plans for two more central North Sea projects which would follow on from the firm’s Finlaggan development.
Zennor Petroleum has said it has reached two “significant milestones” for the development of its Finlaggan project in the North Sea.
The Oil and Gas Authority’s approval of two North Sea projects has given the basin an injection of “old and new” money, an analyst has said.
Zennor Petroleum will go ahead with the Finlaggan field development after the UK oil regulator approved its plans.
North Sea oil firm Zennor Petroleum will buy a stake in the Britannia field, which will serve as the export route for its Finlaggan asset.
North Sea minnow Zennor Petroleum is targeting 2020 for the start of production on the Finlaggan discovery.
Zennor Petroleum has successfully appraised its Finlaggan well in the UK Central North Sea.
UK exploration firm Zennor Petroleum (previously named MPX) could receive up $400million in funding from a private equity firm