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.
A private-equity firm with stakes in North Sea firms has pledged to explore using floating offshore wind to power oil platforms.
The owners of two North Sea oil companies could be looking to cash in on their investments.
Zennor Petroleum is “pushing forward” with plans for two more central North Sea projects which would follow on from the firm’s Finlaggan development.
Hurricane Energy yesterday insisted it had the “continued support” of Kerogen despite the private-equity firm selling about a quarter of its shares in the oil company.
Israel has approved Energean's field development plan (FDP) for two offshore natural gas fields in the Mediterranean.
Shale company IGas said today that it planned to reduce its debts to £8million from £100million through a financial restructuring
Hurricane Energy has landed £52million in investment to drill two wells on its Lancaster field this summer.