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.
Hibiscus Petroleum
Hibiscus eyes progress on Teal West, Marigold in coming weeks
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 tenders for new Teal West work
Hibiscus Petroleum (KLSE: HIBISCS) is looking to book new work for its Teal West field as it moves to progress the development solo.
The Magnificent Seven: North Sea project paperwork still awaiting govt sign off
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.
Hibiscus resolves long-standing riser issues at Anasuria FPSO
Issues with a production riser at the Anasuria FPSO have finally been fixed, more than a year after the fault cropped up.
Hibiscus financials bolstered by high oil prices
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.
Hibiscus Petroleum’s UK segment achieves ‘healthy profit margins’
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.
Repair works on Hibiscus Anasuria FPSO due to finish in coming weeks
Work to repair constrained production issues at the Hibiscus Petroleum Anasuria FPSO are nearing completion.
Pre-FEED work begins as Piper Bravo confirmed as Marigold host
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.
Multimillion-dollar deal struck to settle dispute on North Sea discovery
A multimillion-dollar deal has been struck to end a dispute over a North Sea oil and gas discovery.
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.
2022 is ‘opportune time’ to go ahead with UK Avalon oilfield: DNeX
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.
Hibiscus moving on ‘accelerated schedule’ for Teal West project in North Sea
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 eyes more growth opportunities in North Sea and Southeast Asia
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.
Ithaca Energy and Hibiscus go with Piper Bravo for new North Sea project
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.
Hibiscus expects Anasuria FPSO production woes to roll into 2022
Constrained production troubles at the Hibiscus Petroleum Anasuria FPSO are expected to continue well into next year.
Hibiscus closer to Repsol acquisition in Vietnam and Malaysia
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.
Malaysia’s DNeX eyes more North Sea M&A as Ping deal nears finishing line
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%.
Hibiscus names sales price for Repsol’s Asia assets
Malaysian-listed Hibiscus Petroleum has confirmed it will buy a handful of Southeast Asian assets from Spain’s Repsol for $212.5 million.
Repsol set to sell handful of Southeast Asia assets to Hibiscus
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.
Hibiscus and Ithaca agree to jointly develop pair of North Sea discoveries
Malaysian oil firm Hibiscus Petroleum and Ithaca Energy, of Aberdeen, have agreed to jointly develop a pair of North Sea discoveries.
Hibiscus picks Worley for front-end design work on FPSO for Marigold
Malaysian operator Hibiscus Petroleum has picked Worley to provide engineering and design services for its Marigold project in the UK North Sea.
Hibiscus and Ithaca to decide on joint North Sea development project this week
Malaysian operator Hibiscus Petroleum and Ithaca Energy expect to decide whether they can jointly develop a pair of North Sea fields by the end of this week.
Malaysia’s DNeX taking Ping Petroleum stake to 90%
Malaysian IT and energy sector service provider Dagang Nexchange (DNeX) has reached a deal to take its shareholding in North Sea minnow Ping Petroleum to 90%.
Petronas boosts terms for shallow-water and late-life assets
Petronas MPM hopes to lure investors to Malaysia’s shallow-water and late-life assets after revealing new fiscal terms as part of an ongoing effort to revive its domestic upstream sector. The move could help Malaysia steal a march on neighboring countries.