Spirit Energy halts plans for Pegasus West
Spirit Energy will not carry its Pegasus West development forward to a final investment decision (FID), the operator has confirmed.
Spirit Energy will not carry its Pegasus West development forward to a final investment decision (FID), the operator has confirmed.
Neptune Energy has said it remains committed to the DelpHYnus project, a blue hydrogen and CCS scheme on Englandโs east coast, after missing out on UK Government selection.
Having resolved issues with partner Neptune Energy, Spirit Energy has handed in an environmental impact assessment (EIA) for proposed new drilling at the Pegasus West discovery.
HALO (Hague and London Oil) has given up its 45% stake in the Pegasus area, describing the Spirit Energy project as โincreasingly uncertainโ.
The Oil and Gas Authority (OGA) has intervened in a commercial dispute between two operators which has led to the delay of a new North Sea project.
Spirit Energy has submitted plans to develop the Pegasus West project in the southern North Sea to the UK Government.