i3 Energy plans to buy out a “struggling” Canadian oil and gas firm and list on the Toronto Stock Exchange (TSX).
North Sea operator i3 Energy is aiming to enter into discussions to develop its new oil discovery as a joint project with Repsol Sinopec Resources UK (RSRUK).
Drilling has started at i3 Energy’s Serenity field in the outer Moray Firth.
Baker Hughes GE (BHGE) has been awarded contracts worth £3million from i3 Energy for two upcoming North Sea prospects.
North Sea explorer i3 Energy has hired a rig for a 94-day drilling campaign this summer.