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%.
Hibiscus Petroleum
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.
Ex-Petronas CEO joins ExxonMobil board in surprise move
The former boss of Malaysian national oil company (NOC) Petronas, Tan Sri Wan Zulkiflee, has joined ExxonMobil’s board of directors, in a move that has surprised some industry watchers.
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.
Assessing energy merger and acquisition opportunities in a time of pandemic
Mergers and acquisitions have been slowed by the COVID-19 outbreak. But as companies embrace the energy transition opportunities will arise
Anasuria appoints former Petrofac North Sea boss as chief operating officer
Anasuria Operating Company has appointed Peter Kavanagh, a former North Sea boss at Petrofac in Aberdeen, as its new chief operating officer.
Dana, Hibiscus to seek supply chain input on timelines for delayed North Sea projects
Dana Petroleum is going back out to its supply chain for help plotting the way ahead for a UK North Sea development project.
Malaysian player nears deal to take full control of North Sea firm Ping Petroleum
Malaysian IT and energy sector service provider Dagang Nexchange (DNex) has announced plans to acquire the remaining stakes in Ping Petroleum.
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.
Hibiscus completes acquisition of Crown discovery
Malaysian oil firm Hibiscus Petroleum has completed the acquisition of the Crown discovery in the North Sea for a fee which could rise to £4 million.
Change of ownership on the cards for North Sea minnow
North Sea oil and gas minnow Ping Petroleum could soon be under new ownership, it is understood.
HSE chairman calls out cyber security ‘complacency’ during oil conference
The chairman of the Health and Safety Executive has called out “complacency” on cyber security within oil and gas and other sectors across the UK.
Hibiscus Petroleum suffers cyber attack
Hibiscus Petroleum said today that its IT system was "subjected to an attack" last week.
Subsea pipeline due to be installed at Ithaca’s Cook field
A pipeline is expected to be installed next month as part of plans to revitalise Ithaca’s Cook field in the North Sea.
Well drilled to boost production from Ithaca’s Cook field
A new water injection well has been drilled to boost production from Ithaca’s Cook field in the North Sea.
North Sea operations drive profit surge for Hibiscus
Hibiscus Petroleum has largely attributed a surge in profits to its North Sea operations.
Hibiscus completes £28.5m North Sea deal, awaits transfer of operatorship
Malaysian oil firm Hibiscus Petroleum has completed the acquisition of stakes in two UK North Sea discoveries for £28.5 million.
India’s Aban Offshore in quick-fire sale of North Sea blocks
Indian firm Aban Offshore has agreed a quick-fire sale of 50% of two North Sea blocks it is in the process of acquiring.
Updated: Hibiscus forks out £28.5m for UK North Sea blocks
Malaysian oil firm Hibiscus Petroleum will buy stakes in two UK North Sea discoveries for £28.5 million.
Shell could sell Malaysia assets for $25m
Kuala Lumpur-based Hibiscus Petroleum has entered into a conditional agreement to buy Shell’s interests in four producing oil fields off Malaysia.
Hibiscus Petroleum spuds Sea Lion well
Hibiscus Petroleum has spudded the Sea Lion well after the project was delayed. The company’s subsidiary, Carnarvon Hibiscus, said the West Telestro drilling rig arrived at the site last week following a 196-mile tow from its original location. The planned total depth of the well is 1,800metres with the exploration well expected to take up to 30 days.