Ping Petroleum has confirmed the completion of a farm-in deal for the Fyne field in the North Sea, with plans for a one-well development due online in 2026.
Ithaca Energy, Hibiscus Petroleum and Caldera Petroleum have drawn up a unit operating agreement that will enable the joint development of Marigold East and West via Piper Bravo.
The UK arms of Hibiscus Petroleum and Ping Petroleum have signed a deal with Rapid Oil Production to take majority stakes in the 75-million-barrel Fyne field.
Hisbiscus Petroleum reported its highest group quarterly production to date, even as revenues and output from its North Sea business fell on lower prices.
Hibiscus Petroleum reported a profitable quarter at both group and UK level and expects to make progress on its plans for Teal West and the Marigold Area by the end of March.
Hibiscus Petroleum (KLSE: HIBISCS) is looking to book new work for its Teal West field as it moves to progress the development solo.
A host of North Sea environmental statements (ES), lodged between April and August, are still to be rubber stamped, with some expected to receive sign off before the year is out.
Issues with a production riser at the Anasuria FPSO have finally been fixed, more than a year after the fault cropped up.
Malaysia-based Hibiscus Petroleum today reported that relatively strong oil and gas prices have contributed positively to the profitability levels in all the group’s producing assets in Malaysia and the UK.
Malaysian-based Hibiscus Petroleum has released its Q4 reports for the financial year, ending the 30th of June 2022, reporting gross profits of £45.84 million.
Work to repair constrained production issues at the Hibiscus Petroleum Anasuria FPSO are nearing completion.
A roster of North Sea players has been brought together to begin pre-front end engineering and design studies (pre-FEED) for the Marigold field, which will be developed via Repsol Sinopec’s Piper Bravo platform.
A multimillion-dollar deal has been struck to end a dispute over a North Sea oil and gas discovery.
Legal discussions over the Crown field continue, following the termination of the licence by Hibiscus Petroleum in September.
Malaysia’s Dagang NeXchange (DNeX) has said 2022 is the “opportune time” to press ahead with a new North Sea development as commodity prices surge.
Anasuria Hibiscus and partner NEO Energy are moving forward with plans for the Teal West project in the UK North Sea on an “accelerated schedule”.
Hibiscus Petroleum (KLSE:HIBISCS) said it continues to assess future growth opportunities in the North Sea and Southeast Asia as the Malaysian-listed company strives to double its production by 2026.
The Piper Bravo platform is being moved ahead as the preferred option to develop a joint Hibiscus and Ithaca Energy project in the North Sea.
Constrained production troubles at the Hibiscus Petroleum Anasuria FPSO are expected to continue well into next year.
Hibiscus Petroleum has moved a step closer to completing its acquisition of Repsol’s upstream assets in Malaysia and Vietnam after the Spanish company’s project partners waived their pre-emption rights.
Malaysian IT and energy sector service provider Dagang Nexchange (DNeX) is closing in on a deal to increase its stake in North Sea minnow Ping Petroleum to 90%.
Malaysian-listed Hibiscus Petroleum has confirmed it will buy a handful of Southeast Asian assets from Spain’s Repsol for $212.5 million.
Spanish player Repsol has agreed to sell its operated assets in Malaysia and Block 46 CN in Vietnam to Kuala-Lumpur listed Hibiscus Petroleum. Operating the new assets will mark a massive step up for Hibiscus.
Malaysian oil firm Hibiscus Petroleum and Ithaca Energy, of Aberdeen, have agreed to jointly develop a pair of North Sea discoveries.
Malaysian operator Hibiscus Petroleum has picked Worley to provide engineering and design services for its Marigold project in the UK North Sea.